Patrick T. Mcshea

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CRD#: 1676498

Professional summary

Patrick Thomas Mcshea was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Patrick is a previously registered financial advisor and started their career in finance in 1987. Prior to being barred, Patrick had worked at 7 firms, which includes NEXT FINANCIAL GROUP INC., LPL FINANCIAL LLC, SCOTT & STRINGFELLOW LLC, EDGAR M. NORRIS & CO. INC., FIRST UNION CAPITAL MARKETS CORP., WACHOVIA SECURITIES INC., PRUCO SECURITIES LLC..

Question & Answer

Are you a "fiduciary"?

Aliases

Pat Mcshea | Patrick Mcshea

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

June 16, 2008 - August 30, 2011

NEXT FINANCIAL GROUP, INC.

CRD#: 46214

GREENVILLE, SC

Past

March 29, 2006 - June 18, 2008

LPL FINANCIAL LLC

RIA

CRD#: 6413

GREENVILLE, SC

Past

September 10, 2004 - June 18, 2008

LPL FINANCIAL LLC

CRD#: 6413

GREENVILLE, SC

Past

May 20, 2003 - September 21, 2004

SCOTT & STRINGFELLOW, LLC

RIA

CRD#: 6255

GREENVILLE, SC

Past

March 7, 2001 - September 21, 2004

SCOTT & STRINGFELLOW, LLC

CRD#: 6255

RICHMOND, VA

Past

March 20, 1998 - March 7, 2001

EDGAR M. NORRIS & CO., INC.

CRD#: 2928

GREENSVILLE, SC

Past

January 5, 1996 - March 31, 1998

FIRST UNION CAPITAL MARKETS CORP.

CRD#: 6124

CHARLOTTE, NC

Past

March 17, 1992 - January 11, 1996

WACHOVIA SECURITIES, INC.

CRD#: 431

CHARLOTTE, NC

Past

July 2, 1987 - May 12, 1988

PRUCO SECURITIES, LLC.

CRD#: 5685

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".

NEXT FINANCIAL GROUP, INC.

CAPITAL CONSULTING GROUP | NEXT FINANCIAL GROUP, INC. | NEXT ADVISORY SERVICES

CRD#: 46214 / SEC#: 801-56786, 8-51356

RIA

Registered Investment Advisory firm - SEC (8/20/1999 Approved)

Broker-Dealer Firm Regulated by FINRA (Dallas district office)

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.

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.

Exams

State Security Law Exam

IAR

Series 65

Date: 9/14/1993

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 3/17/1992

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 3/16/1992

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 5/4/1987

Investment Company Products/Variable Contracts Representative Examination

Current Firm

NEXT FINANCIAL GROUP, INC.

CAPITAL CONSULTING GROUP | NEXT FINANCIAL GROUP, INC. | NEXT ADVISORY SERVICES

CRD#: 46214 / SEC#: 801-56786, 8-51356

RIA

Registered Investment Advisory firm - SEC (8/20/1999 Approved)

Broker-Dealer Firm Regulated by FINRA (Dallas district office)

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Contact information

Main Address

11740 Katy Freeway Suite 600, Houston, TX 77079

Mailing Address

11740 Katy Freeway Suite 600, Houston, TX 77079

Phone number

(713) 789-7122

Established

Virginia since 06/28/1998

Firm type

Corporation

Fiscal year end

December

Firm Size

Small

# of Employees

564

SEC notice filing (53 States and Territories)

FINRA licenses (10 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

NEXT FORM ADV PART 2A BROCHURE MARCH 2025 (3/28/2025)

CONTOUR WRAP FEE PROGRAM BROCHURE MARCH 2025 (3/28/2025)

VISIONARY MULTI-MANAGER PROGRAM BROCHURE MARCH 2025 (3/28/2025)

NEXT SELECT WRAP FEE BROCHURE MARCH 2025 (3/28/2025)

Direct owners and executive officers

Name	Position	CRD#
NEXT FINANCIAL HOLDINGS INC.	SHAREHOLDER
HAWLEY, AMANDA CANDELMO	CORPORATE SECRETARY	3214453
SCHUMANN, ALEXIS V	ADVISORY CHIEF COMPLIANCE OFFICER	3157769
SCHUMANN, ALEXIS V	CHIEF COMPLIANCE OFFICER	3157769
TYMKIW, TRISHA LYNN	PRINCIPAL FINANCIAL OFFICER	3197368

Regulatory assets under management

Total Number of Accounts	16,805
AUM (Assets Under Management)	$ 3,769,456,133

Disclosures

Regulatory Event	27
Arbitration	3
Bond	3

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
11/27/2024	Cover Page	Report
06/28/2024	Cover Page	Report

Red Flags

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Patrick T. Mcshea

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

LPL FINANCIAL LLC

LPL FINANCIAL LLC

SCOTT & STRINGFELLOW, LLC

SCOTT & STRINGFELLOW, LLC

EDGAR M. NORRIS & CO., INC.

FIRST UNION CAPITAL MARKETS CORP.

WACHOVIA SECURITIES, INC.

PRUCO SECURITIES, LLC.

Primary Firm SEC Registration

NEXT FINANCIAL GROUP, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 9/14/1993

Series 63

Date: 3/17/1992

Series 7

Date: 3/16/1992

Series 6

Date: 5/4/1987

Current Firm

NEXT FINANCIAL GROUP, INC.

Contact information

SEC notice filing (53 States and Territories)

FINRA licenses (10 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Accountant surprise examination report

Red Flags

Company Information

NEXT FINANCIAL GROUP, INC.

TRUST BUT VERIFY

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