David Schwandt is a CFP, ChFC-designated registered investment advisor at Advisornet Wealth Partners, based in Minnetonka, MN, with 40 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 2,712 clients with $2.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AdvisorNet Wealth Partners' investment management fee is negotiable, not exceeding 2.50% annually, for both wrap and non-wrap fee arrangements. The wrap fee includes trade execution, custody, reporting, and investment management fees. The non-wrap fee does not include these additional costs. Fees may be lower or waived based on various criteria. Cash is considered an asset class and included in fee calculations.
Location
110 Cheshire Lane, Suite 200, Minnetonka, MN, 55305
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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 the owner/manager of Planviser Financial, sells fixed insurance products, and is an advisory representative for AdvisorNet Wealth Management. He also refers clients to Choice Financial for online banking and serves as a board member for Trueblood Performing Arts Center, dedicating minimal time to each.
Employment History
Current Registrations
Advisornet Wealth Partners
Previous Registrations
Cetera Advisor Networks LLC
Financial Network Investment Corporation
Cetera Advisor Networks LLCBroker
New England SecuritiesBroker
Capital Management Securities, INC.Broker
Aegis Investments, INC.Broker
B.C. Christopher Securities CO.Broker
Morison Securities, INC.Broker
State Registrations2 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.