David is the founder of Magister Wealth and the visionary behind the firm's unique approach to delivering holistic, integrated financial planning solutions. He is described by those who know him as a 'fixer', 'life coach' and mentor who asks the hard questions many other advisors are afraid to ask. An avid student of the markets with a passion for economics, philosophy and psychology, David is a natural problem solver and accomplished teacher. He applies his keen analytical skills in an effort to deliver a truly comprehensive approach to solving his client's most pressing financial challenges.
David graduated with a Bachelor of Science from George Mason University and completed his Certificate in Financial Planning from Boston University's Institute of Finance. He is a CFA® Charterholder and a CERTIFIED FINANCIAL PLANNER™ professional. David served as the 2017 Chairman and 2016 President of the Financial Planning Association (FPA) chapter of San Antonio and South Texas.
For over 20 years, David pursued his passion for music as an instrumentalist, conductor and educator. As a professional trombone player, he was a semi-finalist in major orchestra auditions. David's students received scholarships to some of the best conservatories in the world including Juilliard and the New England Conservatories.
David enjoys bike riding and swimming. He resides in San Antonio with his wife Ellyn and daughters Sylvia and Emily.
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
General Information |
| Firm Start Year: | 2014 | |
| No. of Employees: | 1 | |
| Name of Custodial Firm: | Pershing LLC (Shareholders Service Group) |
| States Licensed in: | TX |
| 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: | Individual Investors, Businesses |
| Advisory Services Provided: | Estate Planning & Trusts, Investment Advice & Management, Financial Advice & Consulting, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Legal Advice and Services, Insurance Products & Annuities |
Services |
| Investment Types: | Mortgages & Real Estate, FOREX & Currency, Options & Futures, Stocks, Annuities, Insurance, Exchange Traded Funds (ETFs), Alternative Investments, Bonds, Mutual Funds, Commodities, Socially Responsible Investments (SRI) |
| Can meet clients in the following ways: | Your Home, Phone, Email, Your Office, Video Conference |
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: | Flat Fee, Based on Assets, Hourly |
| 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 |
Board Positions |
| Organization : | Financial Planning Association of San Antonio & South Texas, San Antonio, Texas |
| Position : | Committee Chair |
| Duration : | 2014-2016 |
| Organization : | Financial Planning Association of San Antonio & South Texas, San Antonio, Texas |
| Position : | Vice President |
| Duration : | 2015-2016 |
| Organization : | Financial Planning Association of San Antonio & South Texas, San Antonio, Texas |
| Position : | President |
| Duration : | 2016-2017 |
| Organization : | Financial Planning Association of San Antonio & South Texas, San Antonio, Texas |
| Position : | Chairman |
| Duration : | 2017-2017 |
Education |
| Certificate in Financial Planning - Financial Planning | Boston University Institute of Finance
2008-2009 |
| Bachelor of Music - Music | George Mason University
- Fairfax Virginia 2001-2004 |
Financial Services |
| Financial Planning for Businesses
We act as your outsourced CFO to provide objective insight and recommendations about your business operations and finances. We find opportunities to create efficiencies that directly impact your bottom line. |
| Financial Planning for Individuals
A sound financial plan is the starting point for all things. We patiently guide you through a thorough analysis of your financial life. We do not implement or move to tactical execution until we are in agreement about your goals, tolerance for risk, and expectations for outcomes. |
| Financial Advice & Consulting
Understanding why and what your options are. Educational approach to clients preferences. Magister is "teacher" in Latin. Small business consulting & analytics. |
| Portfolio Management
Directly managed portfolios considering indirectly managed portfolio like 401ks and other assets within a holistic wealth management as part of a comprehensive financial plan. |
| Retirement Planning
Various simulations & analysis to drive discussions to stable retirement spending scenarios where you pick your preferred options & tradeoffs. Educational Philosophy. Coordinated with your Comprehensive Financial Plan. |
| 401K Rollovers
Part of direct or indirect Wealth Management as individual circumstances dictate. |
| Insurance Planning
Analysis & discussions around the right kinds and amounts of insurance. Risk rewards tradeoffs. Part of your comprehensive financial plan. |
| Annuities
Certain annuities can be a competitive proxy investment to bonds and other risker assets. Analysis on a case by case basis. While I generally do not like variable annuities I have recommended pension annuities for clients from employers that had appealing options in recent years. |
| Estate Planning & Trusts
I work with clients and their attorneys to better understand and optimize their estate planning needs. |
| Tax Advice and Services
Deep analysis around tax efficiency in portfolio construction, withdrawal strategies, Roth conversions incorporated into your comprehensive plan. |
| Education Funding and Planning
College education saving & planning. Integrated part of Comprehensive plan. |
| Investment Advice & Management
Comprehensive Financial Planning that considers all your traditional and alternative assets. Your holistic wealth. We put your plan in motion. We build your custom portfolio and deploy capital. We then monitor your investment activity daily. We provide highly personalized reporting that makes sense to you. |
| Wealth Management
Comprehensive Financial Planning that considers all your traditional and alternative assets. Your holistic wealth. We put your plan in motion. We build your custom portfolio and deploy capital. We then monitor your investment activity daily. We provide highly personalized reporting that makes sense to you. |
| Risk Management
By showing multiple scenarios with varying levels of risk, I educate & offer clients in the best options and tradeoffs possibly to their individual circumstances. |
| Money Management
Cash on hand, emergency reserves. Best use of short term & conservative assets. |
FAQs |
Why should I choose you as my financial advisor?I believe in an educational philosophy custom tailored to each client. Magister in Latin translates to teacher. My aim is to help you make decisions with my expertise. Beginning with a comprehensive plan that focuses on the biggest impactors working our way into the details as we build & maintain your ongoing planning. This incorporates optimizing the financial math, but also the quality of life style decisions important to you. |
What are your qualifications? What is your education background?CFA, Chartered Financial Analyst CFP®, Certified Financial Planner |
How are you compensated? How will I pay for your services?Most clients use either Asset Management Fees that include ongoing comprehensive financial planning or Hourly Planning fees based upon the most impactful scope of work. Magister Wealth is a Fee Only firm. We cannot receive commissions or 3rd party incentives. |
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. |
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
| Mon. | 9:00 AM - 6:00 PM |
| Tue. | 9:00 AM - 6:00 PM |
| Wed. | 9:00 AM - 6:00 PM |
| Thu. | 9:00 AM - 6:00 PM |
| Fri. | 9:00 AM - 6:00 PM |
| Sat. | 10:00 AM - 4:00 PM |
| Great San Antonio Area Boerne, New Braunfels, Helotes, Bandera |
| Check | Bank Transfer |
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