DS
Douglas L. Schutte
NWF ADVISORY SERVICES
Jamestown, NY 14701
Some features on this profile are disabled
CRD#: 1316821
DS
Professional summary
Douglas Lindsley Schutte, who also goes by Douglas L Schutte, is a registered financial advisor currently at NWF ADVISORY SERVICES INC located in Jamestown, New York and OSAIC WEALTH, INC. located in Jamestown, New York.
Douglas is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1984. Douglas has worked at 15 firms and has passed the Series 65, Series 63, Series 99TO, SIE, Series 7, Series 6 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Douglas L Schutte
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. DLS FINANCIAL SERVICES, INC POSITION: Owner NATURE: Subchapter S - single owner INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 07/01/2012 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: Balancing the checkbook and paying bills 2. DNL PROPERTIES, LLC POSITION: Partner NATURE: Receive fixed insurance commission as sole proprietor; also receive ERA to Summit Wealth Management, Inc. INVESTMENT RELATED: Yes NUMBER OF HOURS: 4 SECURITIES TRADING HOURS: 0 START DATE: 06/01/2006 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: DNL Properties LLC is the entity that Luke Buehler and I have that owns our office building. The entity collects rent and pays property taxes, mortgage, and interest 3. SUMMIT ACCOUNTING SOLUTIONS LLC POSITION: Co-Owner NATURE: LLC INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 2 START DATE: 01/02/2011 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: Oversee the work provided by the Tax Department and review client deliverables 4. TEAM 1 INSURANCE SOLUTIONS, LLC POSITION: Member NATURE: LLC INVESTMENT RELATED: Yes NUMBER OF HOURS: 4 SECURITIES TRADING HOURS: 4 START DATE: 11/01/2021 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: Development and growth of the insurance agency, to offer only fixed life insurance, health insurance, and P&C insurance to individuals and businesses. The company will carry its own E&O coverage. Some existing clients that also do business with me may also do business with Team 1 Insurance 5. ROGER TORY PETERSON INSTITUTE FOUNDATION, INC POSITION: Board of Directors Treasurer NATURE: Corporation - Non Profit INVESTMENT RELATED: Yes NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 1 START DATE: 06/01/2016 ADDRESS: 311 Curtis St, Jamestown NY 14701, United States DESCRIPTION: Help with budget and financial analysis. Review 990s 6. SUMMIT WEALTH MANAGEMENT, INC DBA OBA POSITION: President NATURE: Sub-Chapter S Corporation INVESTMENT RELATED: Yes NUMBER OF HOURS: 160 SECURITIES TRADING HOURS: 160 START DATE: 04/05/1996 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: I am the President and 50% owner of Summit Wealth Management Inc. In this capacity as a Financial Planner, I assess clients' overall financial picture to help maximize the potential for growth and help them achieve their financial objectives by recommending various investment vehicles and insurance. 7. NWF ADVISORY SERVICES, INC POSITION: Investment Advisor Representative NATURE: Corporation - Registered Investment Adviser INVESTMENT RELATED: Yes NUMBER OF HOURS: 80 SECURITIES TRADING HOURS: 80 START DATE: 06/01/2025 ADDRESS: 1285 N. Main St, Jamestown NY 14701, United States DESCRIPTION: I provide Advisory Services such as Wrap Fee Accounts and Financial Plans. I devote about 70% of my time to this Business
CRS (Client Relationship Summary) - RIA
Click below to view Douglas Lindsley Schutte's 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®
NoneExperience
Current
May 18, 2025 - Present
NWF ADVISORY SERVICES INC
Office #1: 1285 North Main St, Jamestown, NY 14701RIA
CRD#: 110410
Jamestown, NY
Current
October 9, 2023 - Present
OSAIC WEALTH, INC.
Office #1: 1285 North Main St, Jamestown, NY 14701RIA
BD
CRD#: 23131
Jamestown, NY
Past
October 9, 2023 - July 2, 2025
THE AMERIFLEX GROUP
RIA
CRD#: 305585
Jamestown, NY
Past
September 8, 2022 - October 19, 2023
CETERA ADVISORS LLC
BD
CRD#: 10299
JAMESTOWN, NY
Past
November 12, 2020 - October 19, 2023
CETERA INVESTMENT ADVISERS LLC
RIA
CRD#: 105644
Jamestown, NY
Past
November 28, 2011 - November 12, 2020
FIRST ALLIED ADVISORY SERVICES, INC.
RIA
CRD#: 137888
JAMESTOWN, NY
Past
November 28, 2011 - September 8, 2022
FIRST ALLIED SECURITIES, INC.
BD
CRD#: 32444
JAMESTOWN, NY
Past
July 29, 2009 - December 31, 2011
SECURITIES AMERICA ADVISORS, INC.
RIA
CRD#: 110518
JAMESTOWN, NY
Past
May 22, 2007 - December 31, 2011
SECURITIES AMERICA, INC.
BD
CRD#: 10205
JAMESTOWN, NY
Past
August 13, 2003 - December 31, 2007
SUMMIT FINANCIAL ADVISORS, LLC
RIA
CRD#: 119894
JAMESTOWN, NY
Past
October 9, 2002 - May 25, 2007
NEW ENGLAND SECURITIES
BD
CRD#: 615
WARREN, PA
Past
April 4, 1996 - November 8, 2002
UNITED PLANNERS' FINANCIAL SERVICES OF AMERICA A LIMITED PARTNER
BD
CRD#: 20804
SCOTTSDALE, AZ
Past
September 26, 1994 - May 1, 1996
LINCOLN FINANCIAL DISTRIBUTORS, INC.
BD
CRD#: 145
RADNOR, PA
Past
November 24, 1993 - June 13, 1994
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
BD
CRD#: 4039
NEW YORK, NY
Past
November 24, 1993 - June 13, 1994
EQUITABLE ADVISORS, LLC
BD
CRD#: 6627
NEW YORK, NY
Past
November 26, 1984 - March 25, 1992
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
BD
CRD#: 4039
NEW YORK, NY
Past
November 26, 1984 - March 25, 1992
EQUITABLE ADVISORS, LLC
BD
CRD#: 6627
NEW YORK, NY
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".
NA
NWF ADVISORY SERVICES INC
AFP ADVISORY SERVICES INC | NWF ADVISORY SERVICES INC
CRD#: 110410 / SEC#: 801-55681
RIA
Registered Investment Advisory firm - (6/30/1998 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.RR
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
RR
Arizona(10/9/2023)
RR
California(4/23/2024)
RR
Colorado(10/9/2023)
RR
Connecticut(8/28/2025)
RR
Florida(10/9/2023)
RR
Illinois(10/18/2023)
RR
Indiana(3/14/2024)
RR
Kentucky(1/18/2024)
RR
Maryland(10/9/2023)
RR
Massachusetts(10/10/2023)
RR
Michigan(10/9/2023)
RR
New Mexico(10/9/2023)
RR
New York(10/9/2023)
IAR
New York(5/18/2025)
RR
North Carolina(10/20/2023)
RR
Ohio(10/9/2023)
RR
Pennsylvania(10/9/2023)
RR
South Carolina(10/9/2023)
RR
Vermont(10/9/2023)
RR
Virginia(10/9/2023)
RR
Wisconsin(10/9/2023)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
RR
Series 99TO
Date: 1/2/2023
Operations Professional ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
NA
NWF ADVISORY SERVICES INC
AFP ADVISORY SERVICES INC | NWF ADVISORY SERVICES INC
CRD#: 110410 / SEC#: 801-55681
RIA
Registered Investment Advisory firm - (6/30/1998 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
11835 W Olympic Blvd Ste 1155 E., Los Angeles, CA 90064
Mailing Address
Phone number
(310) 475-5854
Established
Firm type
Fiscal year end
# of Employees
71
SEC notice filing (24 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 11,979 |
| AUM (Assets Under Management) | $ 3,824,876,751 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
NWF ADVISORY SERVICES INC
CRD#: 110410Jamestown, NY 14701TRUST BUT VERIFY
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