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David N Krake

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Recognition

Merrill is proud of our advisors who’ve received recognition from industry publications. We believe they are setting the standard for exemplary client service.

David N Krake

Forbes “America’s Top Next-Generation Wealth Advisors”  2019

Profile

David Krake is a Wealth Management Advisor at Merrill, in the Brea, California, office. He began at Merrill Lynch Wealth Management in 2004, and has worked in the financial services industry since 2003. David works with families and businesses to navigate the many challenges that our lives and financial markets may bring, in order to help clients meet their goals with an amount of risk with which they're comfortable. He holds the CFP® certification awarded by the Certified Financial Planner Board of Standards, Inc., using this extensive knowledge daily in his work with individuals.*  In his work with businesses, David focuses on helping business owners effectively deploy capital, as well as assisting plan sponsors in their fiduciary responsibility with regard to their workplace retirement plans.  In this effort, David has also received the Certified Plan Fiduciary Advisor designation (CPFA) from the National Association of Plan Advisors.   

Mr. Krake graduated summa cum laude from Hardin-Simmons University, in Abilene, Texas, with a BBA in Finance and Marketing, receiving high recognition from both HSU, the local community, and throughout Texas, for his outstanding academic and civic achievements. In his professional career, David was named to Forbes/SHOOK "America’s Top Next-Generation Wealth Advisors" List in 2017 and 2018, as well as Forbes/SHOOK Next Gen Best-In-State Wealth Advisors 2019**.

 In addition to his work, he is very involved in the local community. He is a member of the Whittier Chamber of Commerce, and previously served as its Vice President of Finance.  He is chairman of the Whittier Mayor's Prayer Breakfast and he volunteers, along with his wife, Lauren, with Imagine Whittier, a non-profit mentoring program for families that have recently come out of homelessness.

David is very involved in his church, The Church at Green Hills, and he loves to run, play the piano, compose music, and cook. He lives in Whittier with his lovely wife, Lauren, and their three children, Chloe, Camille, and Clayton.

*Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S.

**Source: Forbes/SHOOK "America's Top Next-Generation Wealth Advisors" list, July 2018. For more information about the selection criteria, go to http://details-he.re/F7Z3tV. Forbes is a trademark of Forbes Media LLC. All rights reserved. These rankings and ratings are not representative nor indicative of any one client's experience, future performance, or investment outcome. 

***Source: Forbes "Best-in-State Next-Generation Wealth Advisors" list, September 4, 2019. For more information about the selection criteria, go to http://details-he.re/8ny9H7 . Forbes is a trademark of Forbes Media LLC. All rights reserved. These rankings and ratings are not representative nor indicative of any one client's experience, future performance, or investment outcome and such rankings should not be construed as an endorsement of the advisor.
 

  • LANGUAGES

    English & Spanish

  • EDUCATION

    Hardin-Simmons University

Professional Staff

Supported by the global resources of Merrill, my team is comprised of talented and experienced individuals committed to building strong client relationships based on trust and personalized service.

Additional Resources

The following specialists do not make securities recommendations. Please contact your Merrill Lynch Wealth Management Advisor if you have questions about how a specialist might be able to assist you.

Shahla B Hunter

Shahla B Hunter

Wealth Management Banking Specialist

Merrill Lynch

Ryan T. Aikens, CRPS®, CPFA®, C(k)P®

Ryan T. Aikens, CRPS®, CPFA®, C(k)P®

Employee Benefits Specialist

Merrill Lynch

John G Manalili

John G Manalili

Senior Structured Credit Executive

Bank of America, N.A.

Past Events

Raising Financially Aware Kids

September 23rd, 2020|4:00 PM - 5:00 PM PST

2020 has been a roller coaster, but one of the best things that has come from it is more time with our families.  This focus on those closest to us is a great opportunity for those relationships to grow in all kinds of ways, and money is no different.  We would all love to know that our kids and grandkids will make wise financial decisions one day, but where do we start?  This webinar is a great place.  Please join us as we give you valuable tools for helping the young people in your life make wise financial decisions that will benefit them the rest of their lives!

    Social Security and You

    September 29th, 2020|4:00 PM - 5:00 PM PST

    In this time of incredible change, it’s nice to know some things never change – Social Security is still important, complex, and embattled.  All of that means that I very regularly field questions about it.  This webinar on the 29th is going to highly informative, and we will be joined by John Jul of Pioneer Investments to help lead this talk.  This small investment of time can give you practical, actionable items to help answer your questions about Social Security. 

      Where do we begin? It starts with you.

      At Merrill Lynch Wealth Management, your financial advisor focuses on the things you care about most- family, goals and priorities - even as they change over the years.

      Understanding Your Life

      Welcome

      Among the reasons I chose to become a Merrill Lynch Wealth Management Advisor is because of my passion for helping to educate my clients about investing. As a financial advisor, one of the most valuable things I can do for clients is to help them understand the markets, our goals-based wealth management approach, and to help them understand their life priorities and the impact this can have on their individual wealth management approach. My advice and approach are guided by an interest in your life’s goals and priorities.

      Philosophy

      Life is always changing and growing more complex. Your needs and priorities specific to your family, work, health and home are continuously evolving. And since your finances are so deeply connected with the rest of your life, an investment approach that is specific to your unique situations can be helpful. Even if you’re accustomed to managing your wealth on your own, you may find value in having a relationship with someone who understands your priorities and who has the knowledge and resources to help you make more informed decisions, no matter where in your life you are.

      Approach

      I believe an effective approach to wealth management requires working closely with you to help identify and define your goals.

      My  job is to first understand what matters most to you. We will work together to create a financial approach that reflects your investment personality and is built around your life priorities.

      My approach is to help you pursue your goals by providing customized service and potential investment solutions. Whether you are focused on building, preserving or transferring wealth we are committed to helping you address your financial objectives at every stage of your life.

      Your approach to investing

      Drawing upon research in the field of behavioral finance, Merrill developed the Investment Personality Assessment to help us get to know you better as an investor and potentially help you refine your own investing preferences. By gaining a deeper understanding of how you think and feel about investing through this assessment, we can customize the financial approach we develop together to help you pursue what matters most to you. Our Investment Personality Assessment is one of the ways to help us get to know you - to understand your goals and priorities. These questions will give you a sense of the full assessment and help us provide you with additional insights and resources.

      Understanding your goals and priorities

      Your life and goals change. We have tools to help you keep track of these changes so they can be reflected in your financial approach.

      Capabilities

      We believe that to feel good about your finances, you need to know exactly where you are, where you want to go, and how much you may need to get there. I work with you to develop a customized financial approach, drawing on the best thinking of our firm, to help you with your financial future. I will make it clear what you’re paying for and what you’re getting. As your life needs and market conditions change, we can meet from time-to-time to help make sure you’re on track in pursuing your goals and to adjust your approach as needed for the journey ahead.

      Focus On Individuals and Families

      I can offer advice and guidance designed to assist you in making investment-related decisions and trade-offs that can help you reach personally meaningful goals.  So whether you’re planning your retirement, saving to buy a home or fund a child’s education, I’ll start by getting to know you and how you feel about the following seven life priorities.:

      • Health: Managing healthcare expenses, now and in the future
      • Home: Upsizing, downsizing, remodeling or buying a vacation home
      • Family: Taking care of your family and other people in your life
      • Leisure: Spending your free time in meaningful ways
      • Giving: Volunteering, mentoring others and giving to charities
      • Work: Working in retirement, selling or starting a business
      • Finance: Bringing it all together and defining your financial goals

       

      Your Financial Approach

      We offer you access to the investing insights of Merrill, trust and fiduciary services from Bank of America Private Bank, and the banking convenience of Bank of America to help you pursue your goals. We will work to help you stay on track, regardless of what the markets are doing.

      FAMILY
      Taking care of your family and other people in your life
      • Trust & Estate Planning Services4
      • Education Funding1
      • Insurance3
      HEALTH
      Planning for healthcare expenses now and in the future
      • Long-term Care Insurance3
      • Health Savings Account2
      • Disability Insurance3
      HOME
      Upsizing, downsizing, remodeling or buying a vacation home
      • Home Loans2
      • Home Equity Lines of Credit2
      • Securities-Based Lending2
      • Credit Cards2
      WORK
      Working in retirement, selling or starting a business
      • Bank of America Business Banking2
      • Exchange Funds1
      • Concentrated Stock Management1
      • Succession Planning1
      LEISURE
      Spending your free time in meaningful ways
      • Credit Cards2
      • Securities-Based Lending2
      • Structured Lending2
      GIVING
      Volunteering, mentoring others and giving to charities
      • Donor-Advised Funds4
      • Private Foundations4
      • Charitable Trusts4
      FINANCE
      Using your finances to bring it all together
      • Merrill Investment Accounts1
      • Investment Advisory Accounts1
      • Alternative Investments1
      • Exchange-Traded Funds1
      • Mutual Funds1
      • Closed-end Funds1
      • Fixed Income Products1
      • Options1
      • Annuities3
      • Impact Portfolios1
      • Market-Linked Investments1
      • Securities-Based Lending2
      • Margin1
      • Home Loans2
      • Bank of America Checking and Savings Accounts2
      • Credit Cards2
      • Online Account Access1,2

      1 Investment products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
      2 Banking, mortgage and home equity products offered by Bank of America, N.A.
      3 Insurance and annuity products offered through Merrill Lynch Life Agency Inc.
      4 Trust and fiduciary services are provided by Bank of America Private Bank.

      Staying on Track

      We understand that both your life and the financial markets can change over time. By periodically checking in to discuss changes in your life and revisiting your financial approach, our goal is to help you stay on track to achieve what's most important to you.


      Periodic reviews to help you
      stay on track

      We’ll meet with you to review your goals and the progress you’ve made toward reaching them. We’ll also discuss any adjustments needed to your financial approach to help you stay on course.


        Monitoring changes in your life
        and to your goals

        Your life and goals change. As these changes occur, we can update your approach to reflect them.

        Wealth Management Your Way

        MyMerrill is your online destination for access to your financial information, secure communications, and a robust offering of tools and capabilities.

        Your advisor is a click away within our site or mobile apps

        You can manage account security with our customizable security capabilities such as touch ID, one time passcode, and other security features

        Access to your complete financial life is available with My Financial Picture, Merrill’s asset aggregation tool

          Let’s Have a Conversation

          Helping you reach your goals starts with getting to know you personally. Through understanding what matters most to you, together I can help you create a financial approach that reflects your personality. Only then can I offer an approach that is built around your life priorities and the advice you need to help you address fluctuations in the market and changes in your life. Let’s work together to help you achieve your goals.

          Why Merrill?

          As Merrill Lynch Wealth Management Advisors, we will sort through the financial complexities of your life, helping you build a customized investment approach to address your needs and pursue your goals.


          Merrill_Capabilities_Brochure.png  

          We put you first, every day.
          Learn more about the dedicated one-on-one relationship you can have with a Merrill Lynch Wealth Management Advisor.

          Personalized advice from a dedicated financial advisor.

          We get to know you and your family, your financial situation and what matters most to you.

          A comprehensive approach, built around your life’s priorities.

          Drawing from our experience and the best thinking of Merrill, together we will design an approach that reflects your unique needs, priorities and financial situation.

          Adjusting your investment approach as your life and the markets change.

          We will work to help you stay on track, regardless of what the markets are doing.