David Merkel is a CFA-designated registered investment advisor at Aleph Investments, LLC, based in Ellicott City, MD, with 15 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 27 clients with $16M 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 $1.0M | 1.00% |
| $1.0M - $5.0M | 0.50% |
| $5M+ | 0.25% |
These rates apply to equity, balanced (NFI), and Flex accounts. Fixed income accounts have lower rates: 0.30% on the first $1M, 0.15% from $1M-$5M, and 0.10% over $5M.
Fee Estimator
Location
Ellicott City, MD
Get directionsHistory
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 Activities
David maintains AlephBlog.com, an investment education website, since 2007. David dedicates about 7-8% of his time to the blog and earns minimal income from it.
Employment History
Current Registrations
Aleph Investments, LLC
State Registrations3 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.