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David Selden

18 Years of Experience
Forked River, NJ
1 DisclosureBrokerSells Insurance

David Selden is a registered investment advisor at LPL Financial LLC, based in Forked River, NJ, with 18 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.

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Location

929 Lacey Rd, Forked River, NJ, 08731

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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 2013
Closed-No Action
Other Business ActivitiesSells Insurance

David sells non-variable insurance since 2015. He also has two DBAs for his LPL business, Barnegat Bay Financial Group (since 2019) and Foran Financial Group (since 2022), dedicating minimal time to the latter.

Employment History
Current Registrations
LPL Financial LLCBroker
November 2020 - Present · 5 yrs 6 mos
LPL Financial LLC
November 2020 - Present · 5 yrs 6 mos
Previous Registrations
Raymond James Financial Services Advisors, INC
February 2015 - December 2020 · 5 yrs 10 mos
Raymond James Financial Services, INC.Broker
February 2015 - December 2020 · 5 yrs 10 mos
Fsc Securities Corporation
May 2012 - February 2015 · 2 yrs 9 mos
Fsc Securities CorporationBroker
August 2011 - February 2015 · 3 yrs 6 mos
The Gms Group, LLCBroker
June 2007 - September 2011 · 4 yrs 3 mos
State Registrations14 states
CACTDCFLGAILMAMINCNJNYORPATX
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.
David Selden - Financial Advisor | TrueAdvisor