David Germano
David Germano is a CFP-designated registered investment advisor at Modern Wealth Management, LLC, based in Rochester, NY, with 26 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 6,716 clients with $6.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1000K | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.65% |
| $10M+ | 0.55% |
Fees are negotiable.
Fee Estimator
Location
One Bausch & Lomb Place, Suite 900, Rochester, NY, 14604
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is a Managing Director at Modern Wealth Management, LLC, dedicating nearly full-time hours to wealth management and financial planning. He is also an independent insurance agent selling variable and fixed insurance products, spending about 10-20% of his time on this activity, and a board member for Rochester Regional Health System, spending minimal time.
Employment History
Current Registrations
Modern Wealth Management, LLC
Mutual Securities, INC.Broker
Previous Registrations
LPL Financial LLC
LPL Financial LLCBroker
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
AXA Advisors, LLC
AXA Advisors, LLCBroker
Mony Securities CorporationBroker
State Registrations19 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.