David Nell
David Nell is a registered investment advisor at Allstate Financial Advisors, LLC, based in Spring, TX, with 15 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 280 clients with $82M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Allstate Financial Advisors (AFA) uses Fidelity Institutional Wealth Adviser's (FIWA) FMAX wrap fee program. The fee covers investment advice and trading costs, based on a percentage of the assets managed, up to 1.5%. AFA receives part of this fee, creating a potential conflict of interest. Clients should compare the FMAX program's overall cost and service with other options, including brokerage accounts and other advisor programs.
Location
25511 Buddle Rd Ste 1402, Spring, TX, 77380-2093
Get directionsHistory
Regulatory History (2)
Financial
April 2019Employment Separation After Allegations
March 2016Other Business ActivitiesSells Insurance
David receives residuals as an agent for Mutual of Omaha, Western United Life, Equitrust, BCBS, Humana, and UHC, selling life insurance, annuities, and Medicare supplements. This activity requires minimal time.
Employment History
Current Registrations
Allstate Financial Advisors, LLC
Allstate Financial Services, LLCBroker
Previous Registrations
Farmers Financial Solutions, LLCBroker
Farmers Financial Solutions, LLCBroker
Oppenheimer & CO. INC.
Oppenheimer & CO. INC.Broker
Oppenheimer & CO. INC.
J.P. Morgan Securities LLC
J.P. Morgan Securities LLCBroker
UBS Financial Services INC.
UBS Financial Services INC.Broker
Chase Investment Services CORP.Broker
Chase Investment Services CORP.
Edward Jones
Edward JonesBroker
Princor Financial Services CorporationBroker
State Registrations13 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.