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ChFC

David Allen

Park Avenue Securities LLC
53 Years of Experience
Ridgeland, MS
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

David Allen is a ChFC-designated registered investment advisor at Park Avenue Securities LLC, based in Ridgeland, MS, with 53 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 Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 82,118 clients with $20B in assets under management.

Park Avenue Securities LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1914 advisors
Number of Clients
82,118 clients
Average Client Portfolio
$238K average
Assets Under Management
$19.6B

Fee Structure

Minimum Investment:$5K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K2.05%
$500K - $1000K2.00%
$1.0M - $2.0M1.95%
$2M+1.90%

Schedule reflects the maximum client fee for the Park Avenue Portfolio Select program. Other wrap fee and third-party programs have varying fee schedules with advisor fees ranging from 0.50% to 1.75% plus platform and manager fees.

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

Location

661 Sunnybrook Road, Suite 120, Ridgeland, MS, 39157

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History

Regulatory History (1)
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
June 2005
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is involved in several outside business activities, including insurance sales through Allen Financial Group, PA, and consulting on fixed risk-based insurance products. He also manages real estate and equipment leasing businesses, serves as a trustee, and participates in various community and church-related roles.

Employment History
Current Registrations
Park Avenue Securities LLC
September 2002 - Present · 24 yrs 1 mo
Park Avenue Securities LLCBroker
May 1999 - Present · 27 yrs 5 mos
Previous Registrations
Guardian Investor Services CorporationBroker
February 1989 - May 1999 · 10 yrs 3 mos
Fsc Securities CorporationBroker
March 1985 - January 1989 · 3 yrs 10 mos
Cardell & Associates, IncorporatedBroker
March 1983 - March 1985 · 2 yrs
Integrated Resources Equity CorporationBroker
September 1980 - January 1983 · 2 yrs 4 mos
Nel Equity Services CorporationBroker
April 1972 - January 1979 · 6 yrs 9 mos
Philip F. Hack & Company, INC.Broker
July 1971 - May 1972 · 10 mos
State Registrations10 states
ALAZFLGALAMSPATNTXVA
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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