David Sousa
Advisor at Sousa Financial
Updated today
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Firm
Sousa Financial
Location
Andover, MA
Credentials
ChFC®, Series 63, Series 65
Industry experience
31 years
About
David Sousa is a financial advisor with Sousa Financial in Andover, MA, holding Series 63 and Series 65 licenses and having 31 years of industry experience. He has worked at Osaic Wealth, Inc. since 1999. Outside of investment advisory, he provides health, accident, and life insurance brokerage services to clients. Sousa Financial offers investment advisory and financial planning services to individuals, trusts, estates, and a limited number of pension or profit-sharing plan clients. The firm uses asset-allocation software, risk-tolerance questionnaires, and both fundamental and technical analysis to build portfolios primarily focused on mutual funds and long-term holdings, operating largely on a nondiscretionary basis with client approval required for allocation changes.
Client services
Based on Sousa Financial
Financial planning
Portfolio management
Selection of other advisers
Fee options
Fixed fee of $1,000 for financial planning services, negotiable based on complexity and meetings.
$0 - $500,000: 1.25% annually $500,001 - $1,000,000: 1.00% annually $1,000,001 - $2,000,000: 0.80% annually $2,000,001 - $3,000,000: 0.60% annually $3,000,001+: 0.40% annually
Account minimum: $50,000
Location
Andover, MA
Most active in
David S has reported serving >5 clients in these states in the last 12 months.
Connecticut · Maryland · Massachusetts · New Hampshire · Rhode Island
Work history
LPL Financial
2026 - Present (1 year)
OSAIC
1999 - 2026 (27 years)
Disclosures
Disclosures include customer complaints, regulatory actions, employment terminations, bankruptcies, and certain legal protections.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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