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David Rice

LPL Financial LLC
22 Years of Experience
Jacksonville, FL
2 DisclosuresBroker
View SEC Summary
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David Rice is a registered investment advisor at LPL Financial LLC, based in Jacksonville, FL, with 22 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

655 8th St W, Jacksonville, FL, 32209

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
January 2021
Closed-No Action
Regulatory
February 2019
Final
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David operates under several DBAs for his LPL business, including Coastline Investment Services, City & Police Investment Services, and Alive Investment Services. He dedicates about a quarter of his time to City & Police Investment Services and about a third of his time to Alive Investment Services.

Employment History
Current Registrations
LPL Financial LLC
December 2019 - Present · 6 yrs 11 mos
LPL Financial LLC
December 2019 - Present · 6 yrs 11 mos
LPL Financial LLCBroker
December 2019 - Present · 6 yrs 11 mos
Previous Registrations
Swbc Investment Company
May 2013 - December 2019 · 6 yrs 7 mos
Swbc Investment Services, LLCBroker
January 2012 - December 2019 · 7 yrs 11 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
June 2010 - January 2012 · 1 yr 7 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
March 2010 - January 2012 · 1 yr 10 mos
Banc of America Investment Services, INC.Broker
March 2008 - January 2009 · 10 mos
Amsouth Investment Services, INC.Broker
June 2000 - August 2002 · 2 yrs 2 mos
First Union Brokerage Services, INC.Broker
February 1999 - June 2000 · 1 yr 4 mos
Signator Investors, INC.Broker
November 1997 - February 1999 · 1 yr 3 mos
State Registrations7 states
CACTFLGAMINCOH
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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