AdvisorCheck - Find and Connect with Top Financial Advisors on Your Terms
Advisor Search
Why Advisor Check

We're Here To Help

AdvisorCheck empowers you to find, evaluate, and monitor financial advisors with confidence and clarity.

Advisor Monitoring

Financial advisor's situations can change, sometimes without notice. AdvisorCheck's Monitoring tool helps you avoid surprises and stay on top of your financial health.

Firm Stability Insights

The stability of your financial advisor's firm has a significant impact in the security and quality of service you receive. Our tool provides historical data and key insights over time to help you make informed, confident decisions.

Pricing
For Advisors
SR

Stephen H. Ray

Some features on this profile are disabled
CRD#: 1409552
SR

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Stephen Howard Ray was a registered financial professional .

Stephen is a previously registered financial professional and started their career in finance in 1985. Stephen had worked at 11 firms and has passed the Series 65, Series 63, Series 3, Series 31, Series 7 and Series 24 exams.

top-8-questions

Question & Answer

Are you a "fiduciary"?
No

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.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

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

Past

March 23, 2010 - December 31, 2012

RAY ADVISORS, INC.

RIA
CRD#: 151936
SANTA FE, NM
Past

March 11, 2010 - October 17, 2012

PURSHE KAPLAN STERLING INVESTMENTS

BD
CRD#: 35747
SANTA FE, NM
Past

June 1, 2009 - March 31, 2010

MORGAN STANLEY

RIA
CRD#: 149777
SANTA FE, NM
Past

June 1, 2009 - March 31, 2010

MORGAN STANLEY

BD
CRD#: 149777
SANTA FE, NM
Past

February 5, 2001 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

RIA
CRD#: 7059
SANTA FE, NM
Past

January 5, 2000 - June 1, 2009

CITIGROUP GLOBAL MARKETS INC.

BD
CRD#: 7059
SANTA FE, NM
Past

January 24, 1996 - January 7, 2000

CETERA INVESTMENT SERVICES LLC

BD
CRD#: 15340
ST. CLOUD, MN
Past

July 21, 1995 - October 4, 1995

CHARLES SCHWAB & CO., INC.

BD
CRD#: 5393
SAN FRANCISCO, CA
Past

March 17, 1994 - June 20, 1995

MORGAN STANLEY DW INC.

BD
CRD#: 7556
PURCHASE, NY
Past

February 5, 1992 - January 25, 1994

INTERFIRST CAPITAL CORPORATION

BD
CRD#: 7659
LOS ANGELES, CA
Past

November 19, 1989 - April 5, 1990

OSAIC WEALTH, INC.

BD
CRD#: 23131
JERSEY CITY, NJ
Past

May 10, 1989 - November 19, 1989

INTEGRATED RESOURCES EQUITY CORPORATION

BD
CRD#: 6403
Past

September 25, 1985 - May 8, 1987

A. G. EDWARDS & SONS, INC.

BD
CRD#: 4

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam
IAR
Series 65
Date: 11/22/2000
Uniform Investment Adviser Law Examination
State Security Law Exam
RR
Series 63
Date: 10/22/1985
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
Series 3
Date: 8/4/2004
National Commodity Futures Examination
General Industry/Product Exam
RR
Series 31
Date: 11/28/1994
Futures Managed Funds Examination
General Industry/Product Exam
RR
Series 7
Date: 9/21/1985
General Securities Representative Examination
Principal/Supervisory Exam
RR
Series 24
Date: 12/30/1996
General Securities Principal Examination

Current Firm

RA
RAY ADVISORS, INC.
RAY ADVISORS, INC. | RAY ADVISORS, LLC

CRD#: 151936 / SEC#:

Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
4258 Dancing Ground, Santa Fe, NM 87507
Mailing Address
Phone number
Established
Firm type
Fiscal year end
# of Employees

Documents

Latest Form ADV

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.

Company Information

RAY ADVISORS, INC.

CRD#: 151936

TRUST BUT VERIFY

Monitor Stephen Ray

Get automatic monthly alerts on:
Job or Firm Moves
Licensing Changes
Client Complaints
New Red Flags
Contact Information Updates

Similar Advisors

Stephen Albert Zahka
Stephen ZahkaAdvisorCheck Check Mark
EDWARD JONES
IAR
RR
Marlborough, MA
Frank Horace Moore III
Frank MooreAdvisorCheck Check Mark
UBS FINANCIAL SERVICES INC.
IAR
RR
Greenwich, CT
Marshall Lee Rosen
Marshall RosenAdvisorCheck Check Mark
OSAIC WEALTH, INC.
IAR
RR
Fort Lauderdale, FL
footer-logo
How We Help
Advisor Search
Find Advisors by State
Blog
Glossary
For Advisors
About Us
Help Center
Terms Of UsePrivacy PolicySubscription Policy
Help Center
AdvisorCheck does not offer investment advice and should not replace discussions with professional accounting, tax, legal or financial advisors.© 2025 AdvisorCheck, an AIMR Analytics company. All rights reserved.