David Wachter
David Wachter is a registered investment advisor at MML Investors Services, LLC, based in Hickory, NC, with 16 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
42 3rd Street NW, Suite 913, Hickory, NC, 28601
Get directionsHistory
Regulatory History (1)
Customer Dispute
July 2022Other Business ActivitiesSells Insurance
David works as an independent pastor, providing pulpit supply and spiritual development, dedicating about 10-20% of his time. He also sells individual life, property/casualty, health, group life, group health, medicare supplements, group DI, dental, and vision insurance, spending minimal time on this activity.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
State Registrations18 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.