David Spellman
David Spellman is a registered investment advisor at LPL Financial LLC, based in San Antonio, TX, with 9 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
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
Location
211 N Loop 1604 E, Suite 165, San Antonio, TX, 78232
Get directionsHistory
Regulatory History (2)
Customer Dispute
October 2023Customer Dispute
January 2020Other Business ActivitiesSells Insurance
David is an independent agent for Health Markets, selling health and supplemental insurance, and owns David Spellman Agency, LLC, selling health, disability, and supplemental insurance products. He also engages in various consulting services, travel representation, car rental, and operates Spellman Capital Strategies.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Money Concepts Advisory Service
Money Concepts Capital CORPBroker
State Registrations6 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.
Exams
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