David Berman is a CFP, ChFC-designated registered investment advisor at Berman Mcaleer, based in Timonium, MD, with 37 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Insurance Planning, Investment Management, Retirement Planning. Their firm serves 649 clients with $1.8B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.5M | 1.00% |
| $2.5M - $7.5M | 0.75% |
| $7.5M - $15.0M | 0.50% |
| $15.0M - $25.0M | 0.30% |
| $25M+ | 0.20% |
A supplemental fee of 0.40% will be added for clients onboarded after January 1, 2025 with total assets under management less than our $1,500,000 minimum. This can be waived in the sole discretion of BMc. 529 plans and Fidelity Charitable asset accounts are charged 0.50% annually for an asset management fee regardless of the size of the account(s) or other portfolio assets. BMc also has an alternative tiered fee schedule with a starting point of 1.22% that was applied to legacy clients.
Fee Estimator
Location
9690 Deereco Road, Suite 800, Timonium, MD, 21093
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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 an LLC member of Berman McAleer Holdings, LLC (an investment partnership), a partner in Berman McAleer Partnership (formed to own life insurance policies), and the owner of Berman McAleer, LLC (registered rep activities, consulting, insurance, and investment advisory services). He also works as a consultant and is an investment advisor representative with Kestra Advisory Services, LLC, and a board member for Pride of Baltimore, Inc.
Employment History
Current Registrations
Berman Mcaleer
Previous Registrations
Kestra Advisory Services, LLC
Kestra Investment Services, LLCBroker
NFP Advisor Services, LLC
Park Avenue Securities LLC
Park Avenue Securities LLCBroker
Guardian Investor Services CorporationBroker
Home Life Insurance CompanyBroker
W. S. Griffith & CO., 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.