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CFP
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CFP

David Spann

LPL Financial LLC
16 Years of Experience
Houston, TX
BrokerSells Insurance
View SEC Summary
View SEC Summary

David Spann is a CFP-designated registered investment advisor at LPL Financial LLC, based in Houston, TX, with 16 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 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

24 Greenway Plz # 1895, Houston, TX, 77046

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

David sells life, disability, and fixed annuity insurance products, dedicating minimal time to this activity. He also provides investment advisory services through Sovereign Wealth Advisors, LLC, spending about a quarter of his time on this. David also leases real estate.

Employment History
Current Registrations
LPL Financial LLC
January 2023 - Present · 3 yrs 9 mos
Sovereign Wealth Advisors LLC
January 2020 - Present · 6 yrs 9 mos
LPL Financial LLCBroker
December 2010 - Present · 15 yrs 10 mos
Previous Registrations
Sovereign Wealth Advisors LLC
June 2015 - December 2019 · 4 yrs 6 mos
LPL Financial LLC
December 2010 - October 2020 · 9 yrs 10 mos
Securities America, INC.Broker
May 2010 - December 2010 · 7 mos
State Registrations6 states
AZFLHIMSTXWA
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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