David Sorensen
David Sorensen is a ChFC-designated registered investment advisor at Osaic Wealth, INC., based in Waunakee, WI, with 49 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 Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
103 Baker Street, Waunakee, WI, 53597
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Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is a managing member of Center for Exit Planning and Succession, LLC, and the owner/president of Legacy Advisor Network, Ltd., where he focuses on fixed life insurance and annuities, taking about 10-20% of his time. He also markets tax preparation services for Legacy Tax Services and Mendota Tax LLC, works as a financial advisor for Securities America Advisors, and is a member of Sorensen Lake Properties, LLC.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Securities America, INC.Broker
Securities America Advisors, INC.
Cetera Advisor Networks LLC
Cetera Advisor Networks LLCBroker
Ameritas Investment CORP
Ameritas Investment CORP.Broker
Financial Network Investment CorporationBroker
Fahnestock & CO., INC.Broker
Century Investors of America, INC.Broker
Kaufman Investments CorporationBroker
Hutchison Financial CorporationBroker
Fsc Securities CorporationBroker
Blc Equity Services CorporationBroker
State Registrations24 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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