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CFP
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CFP

David Smith

Cambridge Investment Research Advisors, INC.
26 Years of Experience
Beverly, MA
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

David Smith is a CFP-designated registered investment advisor at Cambridge Investment Research Advisors, INC., based in Beverly, MA, with 26 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 Divorce Planning, Education Planning, Estate Planning, Financial Planning & Coaching, and 6 more. Their firm serves 361,213 clients with $140B in assets under management.

Cambridge Investment Research Advisors, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3940 advisors
Number of Clients
361,213 clients
Average Client Portfolio
$384K average
Assets Under Management
$138.7B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum allowable advisory fee is 2.25% annually across platforms. Actual fees are negotiable and set by your financial professional based on account size, complexity, and specific program selected.

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

Location

100 Cummings Center, 346-E, Beverly, MA, 01915

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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.
Regulatory
November 2016
Final
Customer Dispute
April 2013
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is an advisory representative of a registered investment advisor (RIA) and spends about 10-20% of his time on investment-related activities and trading. He is also the president and an independent insurance agent for various independent insurance agencies.

Employment History
Current Registrations
Cambridge Investment Research Advisors, INC.
December 2020 - Present · 5 yrs 10 mos
Cambridge Investment Research, INC.Broker
December 2020 - Present · 5 yrs 10 mos
Previous Registrations
Securities America, INC.Broker
November 2020 - December 2020 · 1 mo
Securities America Advisors, INC.
November 2020 - December 2020 · 1 mo
Kms Financial Services, INC
November 2016 - November 2020 · 4 yrs
Kms Financial Services, INC.Broker
August 2016 - November 2020 · 4 yrs 3 mos
Investors Capital Advisory
April 2006 - September 2016 · 10 yrs 5 mos
Investors Capital CORP.Broker
March 2006 - September 2016 · 10 yrs 6 mos
Banc of America Investment Services, INC.
October 2004 - March 2006 · 1 yr 5 mos
Banc of America Investment Services, INC.Broker
October 2004 - March 2006 · 1 yr 5 mos
Quick & Reilly, INC.
July 2003 - October 2004 · 1 yr 3 mos
Quick & Reilly, INC.Broker
September 2002 - October 2004 · 2 yrs 1 mo
Morgan Stanley Dw INC.Broker
September 2001 - August 2002 · 11 mos
UBS Painewebber INC.Broker
May 2000 - September 2001 · 1 yr 4 mos
Metlife Securities INC.Broker
February 1999 - October 1999 · 8 mos
Metropolitan Life Insurance CompanyBroker
February 1999 - October 1999 · 8 mos
State Registrations17 states
AZCAFLGAKYMAMEMIMSNHNJNMNYPASCTXWA
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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