About Magister Wealth
Magister is a unique financial advisory firm.
We educate and empower our clients to make prudent decisions
about their personal wealth and business finances.
Welcome to Financial Mentorship.SM
See Disclosures
General Information
Firm Start Year
2014
No. of Employees
1
CRD#
5882986
Firm CRD#
170829
Name of Custodial Firm
Pershing LLC (Shareholders Service Group)
States Licensed in
TX
Years of Experience in Financial Services
12
Number of Years with Current Firm
9
Work Experience
David is a CFA® Charterholder and a CERTIFIED FINANCIAL PLANNER™ professional. David Founded Magister Wealth in 2014. He served as the 2017 Chairman and 2016 President of the Financial Planning Association (FPA) chapter of San Antonio and South Texas. David's previous financial advisory experience includes both client-facing and back office positions at award-winning independent advisory firms across the country. For Covenant Multifamily Offices, the leading San Antonio-based wealth management firm with $1.3 billion in client assets (as of May 2013), David served as an Advisory Strategist where he was responsible for developing and executing financial planning and investment research projects. Prior to joining Covenant, David was an Associate Portfolio Manager and Financial Planner for 1st Portfolio Wealth Advisors, a wealth management firm serving clients in the greater metropolitan Washington, DC area. At 1st Portfolio, David helped to monitor and trade over $100 million in client accounts, conducted investment research and developed comprehensive financial plans. He also managed and trained staff in the firm's client service and data management best practices.
Work with the following types of clients
Businesses, Individual Investors
Advisory Services Provided
Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Risk Management, Financial Advice & Consulting, Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, Money Management, Wealth Management, 401K Rollovers
Compliance
Registered Investment Advisor
Yes
Registered Representative
Yes
Investment Advisor Representative
Yes
Acknowledged fiduciary
Yes
Compliance Disclosures in Last 5 years
I have a clean record
Criminal Disclosures in Last 5 years
I have a clean record
Qualifications & Membership
Certifications, Accreditations & Designations
CFP®, CFA®
Securities Licenses
Series 65
Firm Information
Firm's Number of Clients
25
Firm's Number of Planning Clients
25
Firm's Number of Managed Clients
14
Assets Managed by Firm
$9,600,000
Advisor's Number of Clients
25
Advisor's Number of Managed Clients
14
Advisor's Number of Planning Clients
25
Assets Managed by Advisor
$9,600,000
Compensation and Fees
Fee Structure
Fee-Only
Minimum Portfolio Size for New Managed Accounts
$300,000
Compensation Methods
Based on Assets, Hourly, Flat Fee
Fee % Based on Assets
1% maximum
Hourly Rate
$100-$150
Additional Details on Charges
Asset Management Clients receive ongoing Comprehensive Financial Planning.
Minimum Fee Charged for Managed Accounts
$3,000
Minimum Fee Charged for Hourly Planning Accounts
$1,000 per project
Education
Certificate in Financial Planning - Financial Planning
Boston University Institute of Finance
2008 -2009
Bachelor of Music - Music
George Mason University
2001 -2004
Disclaimer
Magister Wealth Group, LLC, is registered as an investment adviser with the State of Texas and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. The firm is not engaged in the practice of law or accounting. Always consult an attorney or tax professional regarding your specific legal or tax situation. All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a clients investment portfolio.