David Sommers
David Sommers is a registered investment advisor at LPL Financial LLC, based in West Des Moines, IA, with 46 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
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.
Exams
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