Donald H. Despain

DESPAIN INVESTMENT SOLUTIONS, LTD.

COLLINSVILLE, IL 62234-3019

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CRD#: 1443333

Professional summary

Donald Holt Despain SR, CFP®, who also goes by Don Despain, is a registered financial advisor currently at DESPAIN INVESTMENT SOLUTIONS, LTD. located in Collinsville, Illinois and SAXONY SECURITIES, INC. located in Collinsville, Illinois.

Donald is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1986. Donald has worked at 4 firms and has passed the Series 65, Series 63, Series 99TO, SIE, Series 7, Series 14, Series 28 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Don Despain

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) DesPain Investment Solutions, Ltd. (OBA) For investment related business, 502 West Main Street, Collinsville, IL, 62234, Investment Advisory Business: President, Financial Advisor, Began in 1995, 40 hrs/mnth, Conduct Advisory Business through RIA 2) DesPain Rental Properties, non-investment related, 502 West Main Street, Collinsville, IL, 62234, rental property management, owner, started 1990, 2 hrs/mnth, duties include maintaining property and collecting rent 3) Various Insurance Companies (OBA) for investment related business; non-variable insurance; sales; insurance agent; began 1983; 10 hrs/month; insurance policy sales. 4) DesPain Financial Corporation (DBA) for investment-related activity. 5)Saxony Securities, Inc. Investment related business. 502 W. Main St. Collinsville, IL 62234. Broker/Dealer business. Donald DesPain Registered Rep. Began 11/2020. 40 hrs/mnth. Broker/Dealer related business.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Donald Holt Despain SR'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®

CFP^®

Certified Financial Planner

Start date: 1988

Experience

Current

August 25, 1998 - Present

DESPAIN INVESTMENT SOLUTIONS, LTD.

Office #1: 502 West Main Street, Collinsville, IL 62234-3019

RIA

CRD#: 122581

COLLINSVILLE, IL

Current

October 29, 2020 - Present

SAXONY SECURITIES, INC.

Office #1: 502 West Main Street, Collinsville, IL 62234

CRD#: 115547

Collinsville, IL

Past

August 25, 1998 - December 31, 2024

DESPAIN INVESTMENT SOLUTIONS, LTD.

RIA

CRD#: 122581

COLLINSVILLE, IL

Past

December 24, 1986 - December 14, 2020

DESPAIN FINANCIAL CORPORATION

CRD#: 17360

COLLINSVILLE, IL

Past

June 13, 1986 - March 17, 1987

INVESTORS BROKERAGE SERVICES, INC.

CRD#: 4257

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
(3/25/2022)

Arizona
(12/6/2021)

Arkansas
(9/22/2025)

California
(10/29/2020)

Colorado
(11/30/2021)

Florida
(11/2/2020)

IAR

Illinois
(8/25/1998)

Illinois
(11/20/2020)

Indiana
(11/30/2021)

Kansas
(12/16/2024)

Kentucky
(12/1/2021)

Louisiana
(11/23/2020)

Maine
(12/17/2020)

Michigan
(11/30/2021)

Missouri
(11/25/2020)

New York
(11/30/2021)

Oklahoma
(11/20/2020)

Pennsylvania
(11/30/2021)

South Carolina
(11/30/2021)

Tennessee
(11/30/2021)

Texas
(11/4/2020)

Wisconsin
(12/17/2021)

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: 8/23/1995

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 2/25/1991

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 99TO

Date: 1/2/2023

Operations Professional Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 12/14/1985

General Securities Representative Examination

Principal/Supervisory Exam

Series 14

Date: 1/2/2023

Compliance Officer Examination

Principal/Supervisory Exam

Series 28

Date: 3/15/1996

Introducing Broker/Dealer Financial Operations Principal Examination

Principal/Supervisory Exam

Series 24

Date: 2/28/1986

General Securities Principal Examination

SRO Registrations

FINRA

Current Firm

DESPAIN INVESTMENT SOLUTIONS, LTD.

CRD#: 122581 / SEC#:

Illinois

Registered Investment Advisory firm - (8/25/1995 Approved)

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Contact information

Main Address

502 West Main Street, Collinsville, IL 62234-3019

Mailing Address

Phone number

(618) 344-1809

Established

Firm type

Fiscal year end

# of Employees

Documents

Latest Form ADV

Regulatory assets under management

Total Number of Accounts	58
AUM (Assets Under Management)	$ 19,000,000

Red Flags

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Check for any disclosures as part of your thorough research when choosing an advisor.

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Firm Stability Insights

Donald H. Despain

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Donald Holt Despain SR's CRS (Customer Relationship Summary).

Certified licenses

Experience

SAXONY SECURITIES, INC.

DESPAIN INVESTMENT SOLUTIONS, LTD.

DESPAIN FINANCIAL CORPORATION

INVESTORS BROKERAGE SERVICES, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 8/23/1995

Series 63

Date: 2/25/1991

Series 99TO

Date: 1/2/2023

SIE

Date: 10/1/2018

Series 7

Date: 12/14/1985

Series 14

Date: 1/2/2023

Series 28

Date: 3/15/1996

Series 24

Date: 2/28/1986

FINRA

Current Firm

DESPAIN INVESTMENT SOLUTIONS, LTD.

Contact information

Documents

Regulatory assets under management

Red Flags

Company Information

DESPAIN INVESTMENT SOLUTIONS, LTD.

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