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CFP
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CFP

David Sims

Principal Securities, INC.
17 Years of Experience
Addison, TX
1 DisclosureBrokerSells Insurance
View SEC Summary
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David Sims is a CFP-designated registered investment advisor at Principal Securities, INC., based in Addison, TX, with 17 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 Investment Management, Retirement Planning. Their firm serves 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

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

Location

5080 Spectrum Dr, Ste 1200E, Addison, TX, 75001

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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
July 2011
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David owns Ten Talents Wealth Management, a DBA, but spends no time on it. He is also an agent selling fixed insurance products, including annuities, life insurance, disability insurance, long-term care, health insurance, and group benefits, dedicating about a quarter of his time.

Employment History
Current Registrations
Principal Securities, INC.
May 2019 - Present · 7 yrs 5 mos
Principal Securities, INC.Broker
April 2019 - Present · 7 yrs 6 mos
Previous Registrations
Householder Group Estate & Retirement Specialists
January 2019 - May 2019 · 4 mos
LPL Financial LLCBroker
January 2019 - April 2019 · 3 mos
Principal Securities, INC.
September 2013 - January 2019 · 5 yrs 4 mos
Principal Securities, INC.Broker
September 2013 - January 2019 · 5 yrs 4 mos
USAA Financial Planning Services
March 2011 - September 2013 · 2 yrs 6 mos
USAA Financial Advisors, INC.Broker
March 2011 - September 2013 · 2 yrs 6 mos
Metlife Securities INC.
January 2010 - March 2011 · 1 yr 2 mos
Metlife Securities INC.Broker
January 2009 - March 2011 · 2 yrs 2 mos
Chestnut Energy Partners, INC.Broker
August 2008 - October 2008 · 2 mos
State Registrations5 states
CACOIAMNTX
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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