DAVID L. CARMICHAEL

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CRD#: 1070188

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

DAVID LEE CARMICHAEL was a registered financial professional .

DAVID is a previously registered financial professional and started their career in finance in 1983. DAVID had worked at 7 firms and has passed the Series 65, Series 63, Series 7, Series 5, Series 3, Series 6, Series 27 and Series 24 exams.

Biography

David began his wealth management career in 1987 as co-founder of Rowland, Carmichael Advisor’s, Inc., an investment and financial planning firm in Scottsdale, Arizona which was acquired by Mercer Advisors in 2020. His areas of expertise include investment management, real estate and life insurance strategies for high-net-worth individuals and their families. He graduated from Brigham Young University with a Bachelor of Science degree in Business Management. Away from work, David enjoys spending time with his family, scuba diving and riding quads in the Yuma Sand Dunes.

Question & Answer

Are you a "fiduciary"?

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

March 26, 2021 - January 16, 2026

MERCER GLOBAL ADVISORS INC.

RIA

CRD#: 147363

Scottsdale, AZ

Past

September 7, 1994 - March 30, 2021

ROWLAND CARMICHAEL ADVISORS INC

RIA

CRD#: 105766

SCOTTSDALE, AZ

Past

June 26, 1989 - December 4, 1998

HARTFORD CAPITAL CORPORATION

CRD#: 24098

CHARLOTTE, NC

Past

June 16, 1987 - October 19, 1989

BOUCHER, OEHMKE & COMPANY

CRD#: 17470

Past

February 4, 1986 - June 12, 1987

WEDBUSH SECURITIES INC.

CRD#: 877

Past

September 22, 1983 - February 12, 1986

DREXEL BURNHAM LAMBERT INCORPORATED

CRD#: 7323

Past

January 27, 1983 - April 4, 1983

VP DISTRIBUTORS LLC

CRD#: 3036

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

MERCER GLOBAL ADVISORS INC.

MERCER ADVISORS | MERCER GLOBAL ADVISORS INC.

CRD#: 147363 / SEC#: 801-69271

RIA

Registered Investment Advisory firm - (5/30/2008 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 7/28/1995

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 1/4/1983

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 9/17/1983

General Securities Representative Examination

General Industry/Product Exam

Series 5

Date: 9/2/1983

Interest Rate Options Examination

General Industry/Product Exam

Series 3

Date: 8/5/1983

National Commodity Futures Examination

General Industry/Product Exam

Series 6

Date: 1/25/1983

Investment Company Products/Variable Contracts Representative Examination

Principal/Supervisory Exam

Series 27

Date: 3/23/1989

Financial and Operations Principal Examination

Principal/Supervisory Exam

Series 24

Date: 10/6/1987

General Securities Principal Examination

Current Firm

MERCER GLOBAL ADVISORS INC.

MERCER ADVISORS | MERCER GLOBAL ADVISORS INC.

CRD#: 147363 / SEC#: 801-69271

RIA

Registered Investment Advisory firm - (5/30/2008 Approved)

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Contact information

Main Address

1200 17th Street Suite 2000, Denver, CO 80202

Mailing Address

Phone number

(888) 885-8101

Established

Firm type

Fiscal year end

# of Employees

1,166

SEC notice filing (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

MERCER ADVISORS ADV 2A 12/24/2025 (12/24/2025)

Regulatory assets under management

Total Number of Accounts	99,044
AUM (Assets Under Management)	$ 60,256,270,580

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
10/29/2025	Cover Page	Report
07/31/2024	Cover Page	Report
09/28/2023	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Contact information

(xxx) xxx-xxxx

xxxxx@xxxx.xxx

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DAVID L. CARMICHAEL

Professional summary

Biography

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

ROWLAND CARMICHAEL ADVISORS INC

HARTFORD CAPITAL CORPORATION

BOUCHER, OEHMKE & COMPANY

WEDBUSH SECURITIES INC.

DREXEL BURNHAM LAMBERT INCORPORATED

VP DISTRIBUTORS LLC

Primary Firm SEC Registration

MERCER GLOBAL ADVISORS INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 7/28/1995

Series 63

Date: 1/4/1983

Series 7

Date: 9/17/1983

Series 5

Date: 9/2/1983

Series 3

Date: 8/5/1983

Series 6

Date: 1/25/1983

Series 27

Date: 3/23/1989

Series 24

Date: 10/6/1987

Current Firm

MERCER GLOBAL ADVISORS INC.

Contact information

SEC notice filing (53 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

MERCER GLOBAL ADVISORS INC.

TRUST BUT VERIFY

Contact information

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