AdvisorCheck - Find and Connect with Top Financial Advisors on Your Terms
Advisor Search
Why Advisor Check

We're Here To Help

AdvisorCheck empowers you to find, evaluate, and monitor financial advisors with confidence and clarity.

Advisor Monitoring

Financial advisor's situations can change, sometimes without notice. AdvisorCheck's Monitoring tool helps you avoid surprises and stay on top of your financial health.

Firm Stability Insights

The stability of your financial advisor's firm has a significant impact in the security and quality of service you receive. Our tool provides historical data and key insights over time to help you make informed, confident decisions.

Pricing
For Advisors
DK

David M. Karandos

Some features on this profile are disabled
CRD#: 1934119
DK

Professional summary

David Michael Karandos was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

David is a previously registered financial professional and started their career in finance in 1989. Prior to being barred, David had worked at 10 firms, which includes MIDWEST WEALTH PLANNING INSTITUTE LLC, RMR WEALTH MANAGEMENT, ETICO WEALTH MANAGEMENT LLC, DINOSAUR FINANCIAL GROUP L.L.C, PRIVATE CLIENT ADVISORS, MORGAN STANLEY, MORGAN STANLEY & CO. LLC, UBS FINANCIAL SERVICES INC., MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED, SECURIAN FINANCIAL SERVICES INC..

top-8-questions

Question & Answer

Are you a "fiduciary"?
No

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

June 24, 2020 - December 31, 2020

MIDWEST WEALTH PLANNING INSTITUTE LLC

RIA
CRD#: 307974
INDIANAPOLIS, IN
Past

February 14, 2018 - November 7, 2019

RMR WEALTH MANAGEMENT

RIA
CRD#: 152266
Indianapolis, IN
Past

February 6, 2014 - January 11, 2018

ETICO WEALTH MANAGEMENT LLC

RIA
CRD#: 151046
INDIANAPOLIS, IN
Past

September 12, 2013 - November 13, 2019

DINOSAUR FINANCIAL GROUP, L.L.C

BD
CRD#: 104446
Indianapolis, IN
Past

May 18, 2012 - March 6, 2014

PRIVATE CLIENT ADVISORS

RIA
CRD#: 158777
SAN JOSE, CA
Past

June 1, 2009 - March 23, 2012

MORGAN STANLEY

RIA
CRD#: 149777
INDIANAPOLIS, IN
Past

June 1, 2009 - March 23, 2012

MORGAN STANLEY

BD
CRD#: 149777
INDIANAPOLIS, IN
Past

February 15, 2008 - June 1, 2009

MORGAN STANLEY & CO. LLC

RIA
CRD#: 8209
INDIANAPOLIS, IN
Past

February 15, 2008 - June 1, 2009

MORGAN STANLEY & CO. LLC

BD
CRD#: 8209
INDIANAPOLIS, IN
Past

May 9, 2003 - February 19, 2008

UBS FINANCIAL SERVICES INC.

RIA
CRD#: 8174
INDIANAPOLIS, IN
Past

May 9, 2003 - February 19, 2008

UBS FINANCIAL SERVICES INC.

BD
CRD#: 8174
INDIANAPOLIS, IN
Past

December 15, 1998 - May 13, 2003

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

RIA
CRD#: 7691
INIDIANAPOLIS, IN
Past

December 21, 1989 - May 13, 2003

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

BD
CRD#: 7691
NEW YORK, NY
Past

July 10, 1989 - September 26, 1989

SECURIAN FINANCIAL SERVICES, INC.

BD
CRD#: 15296
ST. PAUL, MN

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.

Exams

State Security Law Exam
IAR
Series 65
Date: 10/18/1994
Uniform Investment Adviser Law Examination
State Security Law Exam
RR
Series 63
Date: 6/6/1989
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 10/1/2018
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 31
Date: 2/1/2012
Futures Managed Funds Examination
General Industry/Product Exam
RR
Series 7
Date: 12/16/1989
General Securities Representative Examination
General Industry/Product Exam
RR
Series 6
Date: 7/7/1989
Investment Company Products/Variable Contracts Representative Examination

Current Firm

MW
MIDWEST WEALTH PLANNING INSTITUTE LLC
MIDWEST WEALTH PLANNING INSTITUTE LLC

CRD#: 307974 / SEC#:

Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
11219 Foothill Dr., Indianapolis, IN 46236
Mailing Address
Phone number
(317) 698-8830
Established
Firm type
Fiscal year end
# of Employees
1

Documents

Latest Form ADV

Regulatory assets under management

Total Number of Accounts40
AUM (Assets Under Management)$ 3,000,000

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.

Company Information

MIDWEST WEALTH PLANNING INSTITUTE LLC

CRD#: 307974

TRUST BUT VERIFY

Monitor David Karandos

Get automatic monthly alerts on:
Job or Firm Moves
Licensing Changes
Client Complaints
New Red Flags
Contact Information Updates

Similar Advisors

Stephen Albert Zahka
Stephen ZahkaAdvisorCheck Check Mark
EDWARD JONES
IAR
RR
Marlborough, MA
Frank Horace Moore III
Frank MooreAdvisorCheck Check Mark
UBS FINANCIAL SERVICES INC.
IAR
RR
Greenwich, CT
Marshall Lee Rosen
Marshall RosenAdvisorCheck Check Mark
OSAIC WEALTH, INC.
IAR
RR
Fort Lauderdale, FL
footer-logo
How We Help
Advisor Search
Find Advisors by State
Blog
Glossary
For Advisors
About Us
Help Center
Terms Of UsePrivacy PolicySubscription Policy
Help Center
AdvisorCheck does not offer investment advice and should not replace discussions with professional accounting, tax, legal or financial advisors.© 2025 AdvisorCheck, an AIMR Analytics company. All rights reserved.