David Lerner was an American businessman and famous entrepreneur. He is the founder of David Lerner Associates, a financial broker-dealer firm founded in 1976. This article majorly discusses the David Lerner net worth, salary, wife, family, birthday, and all other personnel and financial details.
Introduction
David Lerner started the business in Jericho, New York, in 1976. As of right present, it employs about 400 people. It has actively supported the community, a securities broker-dealer company founded in 1976, over the years.
David Lerner Associates was also the sole broker for Apple REIT products, which subsequently combined with other companies. But the firm had regulatory issues, notably a 2011 FINRA claim for deceiving investors about specific REITs and charging excessively clients. After clearing these accusations, the company resumed activities, with David Lerner himself financing the venture.
Estimation of David Lerner Net Worth
David Lerner’s wealth is estimated by taking into account a number of criteria, including his shareholding of David Lerner Associates, his engagement in numerous financial products, and the firm’s financial issues.
As of 2024, David Lerner Net Worth is estimated between $80 to $120 Million. This include the income from the all sources including David Lerner Associates. This article discusses the details of these sources later.
Net Worth in various Currencies
| Currency | Estimated Net Worth Range (Millions) |
|---|---|
| Euro (EUR) | €73.6 - €110.4 |
| Australian Dollar (AUD) | A$124.8 - A$187.2 |
| Japanese Yen (JPY) | ¥10,928 - ¥16,392 |
| Canadian Dollar (CAD) | C$108.8 - C$163.2 |
| Chinese Yuan (CNY) | ¥576 - ¥864 |
| Indian Rupee (INR) | ₹6,608 - ₹9,912 |
Expected Net Worth in 2025?
Estimating David Lerner’s wealth for 2025 entails considering various aspects, such as his existing net worth, expected company expansion, economic circumstances, and investment performance.
By keeping in mind his current net worth, and if we consider a 10% growth, we conclude that his net worth in 2025 is expected to be $90 to $130 million. But this is just an estimate and fluctuates greatly.
Income Sources
The main source of David Lerner’s income is his position as the CEO and owner of David Lerner Associates. Some significant income sources details are discussed here.
Brokerage fees
Simply, the costs that clients pay a broker are known as brokerage fees. These fees constitute a sizable portion of David Lerner Associates’ income. Here are the overview of this income source and the fees.
- Commission Fees
- Account Maintenance Fees
- Transaction Fees
- Management Fees
The company’s name was developed by heavily promoting such financial goods, primarily through advertisements on radio. Regardless of previous financial and legal issues, the firm’s having capacity to produce income via brokerage fees
Real Estate Investment Trusts
REITs are organizations that manage, own, or fund properties that generate revenue in a variety of property industries.
David Lerner Associates was a key player in the non-traded REIT industry, especially in the 2000s, helping to promote these types of assets among individual investors. However, the corporation has also experienced regulatory scrutiny about its REIT offerings, including penalties by the Financial Industry Regulatory Authority (FINRA), underlining the need for accountability.
Consulting and Advisory Roles
Consulting with others and charge them also contribute greatly to David Lerner net worth. These services assist people and companies in navigating difficult financial environments and making sound choices about their investments & financial objectives.
Furthermore, the company might provide consulting services for particular financial products like Real Estate financial Trusts (REITs) and municipal debt. David Lerner Associates increases its revenue sources by taking on these advisory jobs.
David Lerner Biography
He represents a established financial worker, and the founder of David Lerner Associates. His biography includes the following domains.
Early Life and Education
David Lerner grew up in the New York region and showed an early interest in investment and money, which would later influence his career.
Personal Life
David Lerner age, wife and other personal information is not available. According to reports, Lerner has been engaged in charitable endeavors throughout his career, supporting a variety of organizations and charities, including the Trey Whitfield School in Brooklyn.
Career
David Lerner Associates, a real estate brokerage, was founded in 1976 in Jericho, New York. The company specializes in a variety of financial products, such as municipal bonds, mutual funds, planning for retirement, life insurance, and investment trusts for real estate. Over time, it has expanded to handle over $6 billion in customer assets.
FAQS
What is David Lerner net worth?
According to networthhunt.com, David Lerner Net Worth is between $80 to $120 Million.
What do you know about David Lerner age & wife?
David Lerner age, wife and other personal information is not available.
In Short
David Lerner, an American entrepreneur and venture capitalist, established David Lerner Associates in 1976. As of 2024, the value of the business is anticipated to be between $80 and $120 million, with approximately 400 employees.
His primary sources of income include brokerage fees, commissions, account maintenance, transaction, and management fees. David Lerner also provides consultancy and advising services, assisting individuals and businesses in navigating challenging financial situations and making prudent investment decisions.
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