David Sommers
David Sommers is a registered investment advisor at LPL Financial LLC, based in West Des Moines, IA, with 45 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
2700 Westown Pkwy Ste 405, West Des Moines, IA, 50266
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 1986Other Business Activities
David is a part owner of Polo, LC since 2008, and owns Kicking Horse Ranch where he buys, trains, and sells polo ponies, dedicating about 10-20% of his time. He also has a business entity, Northington Hall, for tax/investment purposes, spending about 10-20% of his time on it.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Dean Witter Reynolds INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith, INC.Broker
State Registrations15 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.