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David Ray Hess

WEALTH MANAGEMENT ASSOCIATES
CHERRY HILL, NJ
·CRD# 1109317·43 years experience

Professional Summary

David Ray Hess is a registered financial advisor currently at WEALTH MANAGEMENT ASSOCIATES, INC. located in Cherry Hill, New Jersey and OSAIC WEALTH, INC. located in Orwigsburg, Pennsylvania. 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 6 firms and has passed the Series 63, SIE, Series 7 and Series 24 exams.

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

Blog Corner

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Videos & Posts

This advisor has not added any videos or posts yet.

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Contact Information

Email

xxxxx@xxxx.xxx

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

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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Years of Experience

43 years in the financial services industry

Current & Past Employments

WEALTH MANAGEMENT ASSOCIATES, INC.·CRD# 117606
RIA
1909 Route 70 East Suite 100, Cherry Hill, NJ 08003
July 23, 2002 - Present
OSAIC WEALTH, INC.·CRD# 23131
RIA
BD
1. Rt 61-400 Pine Brook Place Ste 12, Orwigsburg, PA 179612. 1909 Route 70 E Ste 100, Cherry Hill, NJ 08003
June 14, 2024 - Present
SECURITIES AMERICA, INC.·CRD# 10205
BD
Cherry Hill, NJ
June 2, 2000 - June 14, 2024
JANNEY MONTGOMERY SCOTT LLC·CRD# 463
BD
Philadelphia, PA
December 16, 1988 - June 9, 2000
CITIGROUP GLOBAL MARKETS INC.·CRD# 7059
BD
April 24, 1985 - January 12, 1989
BEVILL, BRESLER & SCHULMAN INCORPORATED·CRD# 6971
BD
March 22, 1983 - April 10, 1985

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Current Firm

WM
WEALTH MANAGEMENT ASSOCIATES, INC.

HADDONFIELD FINANCIAL PLANNING | WEALTH MANAGEMENT ASSOCIATES, INC.

CRD#: 117606 / SEC#: 801-79993
RIA
Registered Investment Advisory firm - SEC (7/2/2014 Approved)
New Jersey
Registered Investment Advisory firm - New Jersey (7/11/2014 Terminated)
Pennsylvania
Registered Investment Advisory firm - Pennsylvania (7/28/2014 Terminated)
Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

Contact Information

Main Address

1909 Route 70 East Suite 100, Cherry Hill, NJ 08003

Phone Number

(856) 424-2350

# of Employees

20

SEC notice filing (13 States and Territories)

Registered to provide investment advisory services in 13 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

FORM ADV PART 2A DISCLOSURE BROCHURE (3/31/2026)

Regulatory Assets Under Management

Total Number of Accounts

1,791

AUM (Assets Under Management)

$717,359,659

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Other business activities

Information obtained from regulatory filings. Advisors can request corrections through their firm or regulator.

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.

WEALTH MANAGEMENT ASSOCIATES INC POSITION: Managing Director NATURE: WEALTH MANAGEMENT ASSOCIATES INC RIA FIRM MANAGING DIRECTOR 80% TIME SPENT INVESTMENT RELATED: Yes NUMBER OF HOURS: 150 SECURITIES TRADING HOURS: 6 START DATE: 06/01/2000 ADDRESS: 1909 Marlton Pike East, Suite 100, Cherry Hill NJ 08003, United States DESCRIPTION: RIA Money Management RYC FINANCE OVERSIGHT COMM POSITION: sub-committee member NATURE: Sub Committee member of a local Yacht Club INVESTMENT RELATED: Yes NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 0 START DATE: 04/02/2016 ADDRESS: Bank Ave and main Street, Riverton NJ 08077, United States DESCRIPTION: We are a sub-committee overseeing the financial aspects of the Yacht Club. We handle no cash or monies. We will oversee the Treasurer to audit the books as a safeguard as will as offer investments suggestions for any excess capital. I receive no compensation for this volunteer work and will not be handling any investment accounts for the Club or executing any transactions. These will be handled upon the direction of the full Board of Directors by the acting Treasurer. DAVID R HESS POSITION: Sales NATURE: VA Insurance Sales and Fixed Annuity sales INVESTMENT RELATED: Yes NUMBER OF HOURS: 4 SECURITIES TRADING HOURS: 4 START DATE: 06/05/2000 ADDRESS: 7 Burrell Lane, Cinnaminson NJ 08077, United States DBA: WEALTH MANAGEMENT ASSOCIATES, INC. DESCRIPTION: Offering of VA Annuities and or Fixed Annuities when suitable for the client.

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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".
WM
WEALTH MANAGEMENT ASSOCIATES, INC.

HADDONFIELD FINANCIAL PLANNING | WEALTH MANAGEMENT ASSOCIATES, INC.

CRD#: 117606 / SEC#: 801-79993
RIA
Registered Investment Advisory firm - SEC (7/2/2014 Approved)
New Jersey
Registered Investment Advisory firm - New Jersey (7/11/2014 Terminated)
Pennsylvania
Registered Investment Advisory firm - Pennsylvania (7/28/2014 Terminated)
Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
RR
Arizona
(6/14/2024)
RR
California
(6/14/2024)
RR
Connecticut
(6/14/2024)
RR
Delaware
(6/14/2024)
RR
District of Columbia
(6/14/2024)
RR
Florida
(6/14/2024)
RR
Georgia
(6/14/2024)
RR
Illinois
(6/14/2024)
RR
Louisiana
(6/14/2024)
RR
Maryland
(6/14/2024)
RR
Massachusetts
(6/14/2024)
IAR
New Jersey
(7/23/2002)
RR
New Jersey
(6/14/2024)
RR
New Mexico
(6/14/2024)
RR
New York
(6/14/2024)
RR
North Carolina
(6/14/2024)
RR
Ohio
(6/14/2024)
RR
Pennsylvania
(6/14/2024)
RR
South Carolina
(6/14/2024)
IAR
Texas
(6/11/2024)
RR
Utah
(6/14/2024)
RR
Virginia
(6/14/2024)
RR
Wyoming
(6/14/2024)

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

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 63 — Uniform Securities Agent State Law Examination

Passed May 1983About the Series 63 exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Mar 1983About the Series 7 exam

Series 24 — General Securities Principal Examination

Passed Jan 2001About the Series 24 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view David Ray Hess's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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