DB
David L. Berman
BERMAN MCALEER
TIMONIUM, MD 21093
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CRD#: 1877857
DB
Professional summary
David Lee Berman, CFP® is a registered financial advisor currently at BERMAN MCALEER located in Timonium, Maryland.
David is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1988. David has worked at 7 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 22 and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
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.
Business Name: Berman McAleer Holdings, LLC Investment Related: Yes Address: 9690 Deereco Road Suite 800 Timonium MD 21093 Nature of Business: Other Other/None of the Above Invest in both securities and private investments (all submitted for approval from compliance in advance) Position, Title or Relationship: LLC member Start Date: 2/24/2005 Hours per month: 0% - 10% (0 - 16 hours) Hours per month during trading hours: 0% - 10% (0 - 14 hours) Duties: Investment partnership for our own personal use Business Name: Berman McAleer Partnership Investment Related: No Address: 9690 Deereco Rd #800 Timonium MD 21093 Nature of Business: Other Other/None of the Above Only function is to fund the buy/sell agreement with insurance policies Position, Title or Relationship: Partner Start Date: 10/1/2010 Hours per month: 0% - 10% (0 - 16 hours) Hours per month during trading hours: 0% - 10% (0 - 14 hours) Duties: Partnership formed to own life insurance policies on the owners of Berman McAleer .Business Name: David Berman Investment Related: No Address: 9690 Deereco Rd, Suite 800 Timonium MD 21093 Nature of Business: Consulting Position, Title or Relationship: Consultant Start Date: 2/20/2012 Hours per month: 0% - 10% (0 - 16 hours) Hours per month during trading hours: 0% - 10% (0 - 14 hours) Duties: Evaluating proposals, valuing assets in relation to each other, estimating retirement income needs Business Name: Pride of Baltimore, Inc Investment Related: No Address: 1240 Key Highway Baltimore MD 21230 Nature of Business: Board Position (Board of Directors, Board of Trustees, etc.) Position, Title or Relationship: Board member Start Date: 6/24/2019 Hours per month: 0% - 10% (0 - 16 hours) Hours per month during trading hours: 0% - 10% (0 - 14 hours) Duties: Attend board meetings, support fundraisers, assist in strategy decision-making Business Name: BMC RISK MANAGEMENT, LLC POSITION: member NATURE: Insurance INVESTMENT RELATED: No NUMBER OF HOURS: 8 SECURITIES TRADING HOURS: 8 START DATE: 09/16/2024 ADDRESS: 9690 Deereco Rd #800, Timonium MD 21093 DESCRIPTION: sales and administration
CRS (Client Relationship Summary) - RIA
Click below to view David Lee Berman's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
Experience
Current
February 13, 2025 - Present
BERMAN MCALEER
Office #1: 9690 Deereco Road Suite 800, Timonium, MD 21093RIA
CRD#: 332906
TIMONIUM, MD
Past
April 19, 2016 - May 20, 2025
KESTRA ADVISORY SERVICES, LLC
RIA
CRD#: 283330
TIMONIUM, MD
Past
January 16, 2003 - September 22, 2016
KESTRA INVESTMENT SERVICES, LLC
RIA
CRD#: 42046
TIMONIUM, MD
Past
January 16, 2003 - May 20, 2025
KESTRA INVESTMENT SERVICES, LLC
BD
CRD#: 42046
TIMONIUM, MD
Past
January 1, 2001 - January 17, 2003
PARK AVENUE SECURITIES LLC
RIA
CRD#: 46173
TIMONIUM, MD
Past
May 3, 1999 - January 17, 2003
PARK AVENUE SECURITIES LLC
BD
CRD#: 46173
NEW YORK, NY
Past
May 16, 1991 - May 3, 1999
GUARDIAN INVESTOR SERVICES LLC
BD
CRD#: 6635
NEW YORK, NY
Past
September 22, 1988 - May 20, 1991
WS GRIFFITH SECURITIES, INC.
BD
CRD#: 10410
HARTFORD, CT
Past
September 22, 1988 - May 20, 1991
HOME LIFE INSURANCE COMPANY
BD
CRD#: 4184
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".
BM
BERMAN MCALEER
BERMAN MCALEER | BMC WEALTH MANAGEMENT | BERMAN MCALEER, LLC
CRD#: 332906 / SEC#: 801-131830
RIA
Registered Investment Advisory firm - (1/30/2025 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.Highlighted states indicate IAR registrations
IAR
Maryland(2/13/2025)
IAR
New York(10/31/2025)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Current Firm
BM
BERMAN MCALEER
BERMAN MCALEER | BMC WEALTH MANAGEMENT | BERMAN MCALEER, LLC
CRD#: 332906 / SEC#: 801-131830
RIA
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Contact information
Main Address
9690 Deereco Road Suite 800, Timonium, MD 21093
Mailing Address
Phone number
(410) 560-9960
Established
Firm type
Fiscal year end
# of Employees
29
SEC notice filing (16 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 2,334 |
| AUM (Assets Under Management) | $ 1,603,884,479 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
