David Kolts
David Kolts is a CFP-designated registered investment advisor at Pegasus Wealth Management, based in Richmond, TX, with 12 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 8 clients with $4.3M 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 $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Fees are negotiable under certain circumstances. Clients with more than $1 million in managed assets receive financial planning services included in the investment management fee.
Fee Estimator
Location
Richmond, TX
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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 Life & Health/P&C Insurance Manager at Allied Insurance Agency and also provides accounting, tax compliance, and consulting services through David B. Kolts, CPA, PLLC, taking nearly full-time. He also engages in real estate activities, teaches IRS small business tax workshops, and teaches QB classes for SBDC.
Employment History
Current Registrations
Pegasus Wealth Management
Previous Registrations
H.D. Vest Advisory Services, INC
State Registrations1 state
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
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