David Michalk
David Michalk is a ChFC-designated registered investment advisor at Osaic Advisory Services, LLC, based in Albuquerque, NM, with 22 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 1 more. Their firm serves 28,410 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Advisors offers investment management through several programs:
- Ally Account: Fees are negotiable, with a maximum annual fee of 2.50%. Transaction charges apply.
- Counsel Account: Fees are negotiable, with a maximum annual fee of 2.50%. This is a wrap account, so the fee covers both advice and transactions.
- Partner Program: Access to third-party managers with varying fees. Osaic either receives a portion of the fee or charges a separate consulting fee.
- Plan Participant Retirement Program: Maximum 3% annual fee, either fixed or tiered, based on assets in your retirement plan account.
Location
8300 Carmel Ave NE, Suite 103, Albuquerque, NM, 87122
Get directionsHistory
Regulatory History (1)
Customer Dispute
October 2008Other Business Activities
David is a managing member of Peak Wealth Management and Waterway Wealth Management, both fee-only advisory services, dedicating full-time hours to each. He also holds leadership positions in several non-investment related organizations, including Alta Vista Town Home Owner Association, Folds of Honor-New Mexico Chapter, and New Mexico Lutheran Association, spending minimal time on each.
Employment History
Current Registrations
Osaic Advisory Services, LLC
Previous Registrations
Waterway Wealth Management, L.L.C.
Thrivent Investment Management INC.
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.