David B. Schaum

CETERA INVESTMENT ADVISERS LLC

Delray Beach, FL

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CRD#: 1099016

Professional summary

David Brian Schaum is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Delray Beach, Florida and CETERA WEALTH SERVICES, LLC located in Delray Beach, Florida.

David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1983. David has worked at 17 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 4 and Series 24 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.

1. NAME OF OTHER BUSINESS: SCHAUM WEALTH MANAGEMENT, LLC INVESTMENT RELATED: YES ADDRESS: SAME AS REGISTERED LOCATION NATURE OF BUSINESS: FINANCIAL SERVICES START DATE: 07/2023 POSITION/TITLE/RELATIONSHIP: MANAGING PARTNER APX NUMBER OF HOURS PER WEEK: 40 APX NUMBER OF HOURS DURING TRADING HOURS: 40 BRIEF DESCRIPTION OF DUTIES: PROVIDING BROKERAGE AND ADVISORY SERVICES; 2. NAME OF OTHER BUSINESS: AMERICAN ASSOCIATION OF CARE GIVING YOUTH; INVESTMENT RELATED: NO; ADDRESS: 6401 CONGRESS AVE, BOCA RATON, FL 33487; NATURE OF BUSINESS: BOARD; START DATE: 10/2024; POSITION/TITLE/RELATIONSHIP: BOARD OF DIRECTORS-FINANCE COMMITTEE; APX NUMBER OF HOURS PER WEEK: 2; APX NUMBER OF HOURS DURING TRADING HOURS: 2; BRIEF DESCRIPTION OF DUTIES: REVIEW FINANCIAL STATEMENTS;

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view David Brian Schaum's CRS (Customer Relationship Summary).

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®

None

Experience

Current

July 17, 2023 - Present

CETERA INVESTMENT ADVISERS LLC

RIA

CRD#: 105644

Delray Beach, FL

Current

July 6, 2023 - Present

CETERA WEALTH SERVICES, LLC

CRD#: 13572

Delray Beach, FL

Past

July 11, 2016 - July 7, 2023

OPPENHEIMER & CO. INC.

RIA

CRD#: 249

BOCA RATON, FL

Past

July 8, 2016 - July 7, 2023

OPPENHEIMER & CO. INC.

CRD#: 249

BOCA RATON, FL

Past

October 23, 2012 - July 11, 2016

RAYMOND JAMES & ASSOCIATES, INC.

RIA

CRD#: 705

BOCA RATON, FL

Past

October 19, 2012 - July 11, 2016

RAYMOND JAMES & ASSOCIATES, INC.

CRD#: 705

BOCA RATON, FL

Past

June 1, 2009 - October 31, 2012

MORGAN STANLEY

RIA

CRD#: 149777

BOCA RATON, FL

Past

June 1, 2009 - October 31, 2012

MORGAN STANLEY

CRD#: 149777

BOCA RATON, FL

Past

October 22, 2007 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

RIA

CRD#: 7059

BOCA RATON, FL

Past

October 19, 2007 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

CRD#: 7059

BOCA RATON, FL

Past

November 21, 2000 - November 5, 2007

UBS FINANCIAL SERVICES INC.

RIA

CRD#: 8174

BOCA RATON, FL

Past

November 17, 2000 - November 5, 2007

UBS FINANCIAL SERVICES INC.

CRD#: 8174

BOCA RATON, FL

Past

November 18, 1998 - November 20, 2000

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CRD#: 7691

NEW YORK, NY

Past

March 9, 1995 - November 4, 1998

CITIGROUP GLOBAL MARKETS INC.

CRD#: 7059

NEW YORK, NY

Past

January 7, 1993 - March 10, 1995

ADVEST, INC.

CRD#: 10

HARTFORD, CT

Past

December 1, 1992 - February 4, 1993

REICH & CO., INC.

CRD#: 19611

Past

November 29, 1991 - December 1, 1992

REICH & CO., INC.

CRD#: 3148

Past

August 21, 1990 - November 29, 1991

DOMINICK & DICKERMAN LLC

CRD#: 7344

OLD GREENWICH, CT

Past

January 10, 1990 - July 26, 1990

PRESCOTT, BALL & TURBEN, INC.

CRD#: 7656

Past

December 22, 1988 - May 17, 1990

G. K. SCOTT & CO., INC.

CRD#: 3305

PLAINVIEW, NY

Past

September 3, 1987 - November 29, 1988

GREENTREE SECURITIES CORP.

CRD#: 7372

Past

October 17, 1985 - July 31, 1987

THE STUART-JAMES COMPANY, INCORPORATED

CRD#: 11691

Past

February 8, 1985 - September 26, 1985

BLINDER, ROBINSON & CO., INC.

CRD#: 5096

Past

September 18, 1984 - January 31, 1985

GREENTREE SECURITIES CORP.

CRD#: 7372

Past

March 1, 1983 - March 12, 1984

BLINDER, ROBINSON & CO., INC.

CRD#: 5096

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".

CETERA INVESTMENT ADVISERS LLC

CRD#: 105644 / SEC#: 801-20406

RIA

Registered Investment Advisory firm - (1/13/1984 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.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Alabama
(8/9/2024)

Arizona
(7/20/2023)

Colorado
(7/10/2023)

Florida
(7/7/2023)

IAR

Florida
(7/17/2023)

Maryland
(7/11/2023)

New Jersey
(7/7/2023)

New York
(7/7/2023)

Oregon
(7/7/2023)

Virginia
(7/7/2023)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 6/14/2000

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 7/11/1983

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 2/19/1983

General Securities Representative Examination

Principal/Supervisory Exam

Series 4

Date: 8/18/1988

Registered Options Principal Examination

Principal/Supervisory Exam

Series 24

Date: 10/7/1987

General Securities Principal Examination

SRO Registrations

FINRA

Current Firm

CETERA INVESTMENT ADVISERS LLC

CRD#: 105644 / SEC#: 801-20406

RIA

Registered Investment Advisory firm - (1/13/1984 Approved)

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Contact information

Main Address

1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096

Mailing Address

Phone number

(310) 257-7880

Established

Firm type

Fiscal year end

# of Employees

7,705

SEC notice filing (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Regulatory assets under management

Total Number of Accounts	584,487
AUM (Assets Under Management)	$ 163,792,814,520

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
10/27/2025	Cover Page	Report
12/13/2024	Cover Page	Report
09/26/2023	Cover Page	Report
11/18/2022	Cover Page	Report

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.

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Advisor Monitoring

Firm Stability Insights

David B. Schaum

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view David Brian Schaum's CRS (Customer Relationship Summary).

Certified licenses

Experience

CETERA WEALTH SERVICES, LLC

OPPENHEIMER & CO. INC.

OPPENHEIMER & CO. INC.

RAYMOND JAMES & ASSOCIATES, INC.

RAYMOND JAMES & ASSOCIATES, INC.

MORGAN STANLEY

MORGAN STANLEY

CITIGROUP GLOBAL MARKETS INC.

CITIGROUP GLOBAL MARKETS INC.

UBS FINANCIAL SERVICES INC.

UBS FINANCIAL SERVICES INC.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CITIGROUP GLOBAL MARKETS INC.

ADVEST, INC.

REICH & CO., INC.

REICH & CO., INC.

DOMINICK & DICKERMAN LLC

PRESCOTT, BALL & TURBEN, INC.

G. K. SCOTT & CO., INC.

GREENTREE SECURITIES CORP.

THE STUART-JAMES COMPANY, INCORPORATED

BLINDER, ROBINSON & CO., INC.

GREENTREE SECURITIES CORP.

BLINDER, ROBINSON & CO., INC.

Primary Firm SEC Registration

CETERA INVESTMENT ADVISERS LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 6/14/2000

Series 63

Date: 7/11/1983

SIE

Date: 10/1/2018

Series 7

Date: 2/19/1983

Series 4

Date: 8/18/1988

Series 24

Date: 10/7/1987

FINRA

Current Firm

CETERA INVESTMENT ADVISERS LLC

Contact information

SEC notice filing (53 States and Territories)

Documents

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

CETERA INVESTMENT ADVISERS LLC

TRUST BUT VERIFY

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