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David Lung

Morgan Stanley
21 Years of Experience
Irvine, CA
3 DisclosuresBroker
View SEC Summary
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David Lung is a registered investment advisor at Morgan Stanley, based in Irvine, CA, with 21 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 Alternative Investments, High Net Worth, Investment Management, Retirement Planning. Their firm serves 2,703,720 clients with $2000B in assets under management.

Morgan Stanley
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
23172 advisors
Number of Clients
2,703,720 clients
Average Client Portfolio
$726K average
Assets Under Management
$1961.9B

Fee Structure

Investment management only (planning not offered)

Morgan Stanley Smith Barney LLC charges a fee for its consulting services, which is generally payable quarterly in advance. The maximum fee for the services is $500,000, and fees are negotiable between the client and their private wealth advisor.

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Location

1901 Main Street, Suite 700, Irvine, CA, 92614

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History

Regulatory History (3)
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
September 2009
Settled
Customer Dispute
September 2008
Settled
Customer Dispute
September 2008
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is a partner in multiple rental properties located in Florida and California. He spends minimal time on property management outside of business hours.

Employment History
Current Registrations
Morgan StanleyBroker
July 2022 - Present · 4 yrs 3 mos
Morgan Stanley
July 2022 - Present · 4 yrs 3 mos
Previous Registrations
Raymond James & Associates, INC.
May 2019 - August 2022 · 3 yrs 3 mos
Raymond James & Associates, INC.Broker
May 2019 - August 2022 · 3 yrs 3 mos
Wells Fargo Clearing Services, LLC
January 2011 - May 2019 · 8 yrs 4 mos
Wells Fargo Clearing Services, LLCBroker
January 2011 - May 2019 · 8 yrs 4 mos
Wells Fargo Investments, LLC
September 2008 - January 2011 · 2 yrs 4 mos
Wells Fargo Investments, LLCBroker
September 2008 - January 2011 · 2 yrs 4 mos
Uvest Financial Services Group, INC.
March 2007 - August 2008 · 1 yr 5 mos
Colonial Brokerage, INC.Broker
September 2006 - August 2008 · 1 yr 11 mos
Colonial Asset Management INC
September 2006 - August 2008 · 1 yr 11 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2005 - August 2006 · 10 mos
Merrill Lynch Pierce Fenner & Smith INC.
October 2005 - August 2006 · 10 mos
UBS Financial Services INC.
November 2004 - October 2005 · 11 mos
UBS Financial Services INC.Broker
September 2004 - October 2005 · 1 yr 1 mo
State Registrations21 states
AZCACODEFLGAHIILINMANCNVNYORSCSDTXVAVirgin IslandsWAWY
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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