DD
David J. Down
NEW EDGE WEALTH
PITTSBURGH, PA 15222
Some features on this profile are disabled
CRD#: 1901538
DD
Professional summary
David John Down, who also goes by Dave Down, is a registered financial advisor currently at NEW EDGE WEALTH located in Pittsburgh, Pennsylvania and NEWEDGE SECURITIES, LLC located in Pittsburgh, Pennsylvania.
David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1994. David has worked at 5 firms and has passed the Series 63, Series 99TO, Series 79TO, SIE, Series 7, Series 14, Series 24 and Series 4 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Dave Down
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)STONEHAVEN CONSOLIDATED ENERGY,LLC~INVESTMENT RELATED~1251 WATERFRONT PLACE, SUITE 510, PITTSBURGH,PA 15222~ENERGY INVESTING,GENERAL PARTNER TO VARIOUS ENERGY DRILLING LPS~OFFICER-VP~AUGUST 2006~1HR PER MONTH~1HR PER MONTH DURING MARKET~EXECUTIVE - - - - - - - - - - 2)STONEHAVEN HOLDINGS,LLC*Ownership 50% (Chuck Warde owns other 50%). I serve as president, Chuck is passive. This is entity that we flow our NewEdge Wealth revenue/payout to. I spend approximately 15-30 hours per week on client activity that relates to this.*Yes Invest*30 Per mnth/120 DUring work hours*7/1/04 4)NewEdge Wealth, LLC, an IAR.�Financial Advisorfor investment related business for ultra-high net worth individuals. 120 hours a month during trading hours.� Home office 2200 Atlantic Street, Stamford CT, 06902.Start Date: 10/28/2020 5)Boys Scouts of America - Laurel Highlands Council*On the local board of directors*No invest*2 Hr per mnth/ 0trade*8/7/23 Pittsburgh, PA 6)Down in St. Croix, LLC*Will only own property and have an NFS brokerage account with checking and possibly a local checking account to pay expenses*No Invest*2 Hours per mnth/0 Trade*8/1/23*Pittsburgh, PA 7)Stonehaven Capital Partners II, LLC*No ownership Family investment LLC for Chuck Warden's children, Chuck is Managing Member I am listed as an authorized officer to execute documents on behalf of LLC We hold accounts with NewEdge Securities No compensation*Yes Invest*1 Hr per Mnth/1 Trade*1/1/08 8)Stonehaven Capital Partners, LLC*Family investment LLC for Chuck Warden's children, Chuck is Managing Member I am listed as an authorized officer to execute documents on behalf of LLC We hold accounts with NewEdge Securities No compensation*Yes Invest*1 Per mnt/1 Trade*1/11/08 9)Oakledge, LLC*Entity is 35% owned by The Michael G. and Elizabeth Zamagias 2008 Family Deed of Trust (balance is owned equally be each of the 4 primary beneficiaries of the trust). I am Family Trustee for the above trust and Managing Member of this LLC This entity owns some closely held stock in a family company (TeleTracking Technologies) and holds a promissory note. We annually distribute cash accumulated in this LLC to the owners. We hold an account with NewEdge Securities No compensation*No Invest*1 Hr Trade/1 Trade*1/1/08 10)Poseidon Assurance, LLC*No ownership Entity is 100% owned by The Michael G. and Elizabeth Zamagias 2008 Family Deed of Trust I am Family Trustee for the above trust and Managing Member of this LLC It only owns life insurance policies on Michael and Elizabeth Zamagias. JP Morgan is custodial trustee and required an LLC to own the life insurance (trust would not directly own it). We pay annual premiums form assets in the trust. No conflicts, no compensation*No Invest*1 Hr Mnth/1Trade*1/1/08
CRS (Client Relationship Summary) - RIA
Click below to view David John Down'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
October 28, 2020 - Present
NEW EDGE WEALTH
Office #1: 1251 Waterfront Place Suite 510, Pittsburgh, PA 15222RIA
CRD#: 307771
PITTSBURGH, PA
Current
November 13, 1991 - Present
NEWEDGE SECURITIES, LLC
Office #1: 1251 Waterfront Place Suite 510, Pittsburgh, PA 15222-4235BD
CRD#: 10674
Pittsburgh, PA
Past
November 1, 2021 - May 11, 2023
NEWEDGE ADVISORS
RIA
CRD#: 171351
Pittsburg, PA
Past
July 10, 2017 - January 5, 2023
MID ATLANTIC CLEARING & SETTLEMENT CORPORATION
BD
CRD#: 37466
Pittsburgh, PA
Past
August 24, 1994 - November 1, 2021
MID ATLANTIC FINANCIAL MANAGEMENT, INC.
RIA
CRD#: 109771
PITTSBURGH, PA
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".
NE
NEW EDGE WEALTH
NEW EDGE WEALTH | NEWEDGE WEALTH, LLC | NEWEDGE INVESTMENT SOLUTIONS | NEW EDGE WEALTH LLC
CRD#: 307771 / SEC#: 801-118291
RIA
Registered Investment Advisory firm - (3/25/2020 Approved)Maryland
Registered Investment Advisory firm - (2/28/2020 Terminated)North Carolina
Registered Investment Advisory firm - (2/25/2020 Terminated)South Dakota
Registered Investment Advisory firm - (2/24/2020 Terminated)Wisconsin
Registered Investment Advisory firm - (2/24/2020 Terminated)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(10/6/1998)
RR
California(7/10/1998)
RR
Colorado(1/1/1992)
RR
Connecticut(10/6/1998)
RR
Florida(7/14/1998)
RR
Indiana(7/16/1998)
RR
Massachusetts(10/6/1998)
RR
Michigan(7/10/1998)
RR
Montana(1/4/2010)
RR
New Jersey(10/6/1998)
RR
New York(9/4/1992)
RR
North Carolina(5/23/2024)
RR
Ohio(12/22/1997)
RR
Pennsylvania(1/6/1992)
IAR
Pennsylvania(10/28/2020)
RR
Tennessee(1/2/2024)
IAR
Texas(1/3/2024)
RR
Virgin Islands(8/1/2022)
Exams
State Security Law Exam
General Industry/Product Exam
RR
Series 99TO
Date: 1/2/2023
Operations Professional ExaminationGeneral Industry/Product Exam
RR
Series 79TO
Date: 1/2/2023
Investment Banking Registered Representative ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
SRO Registrations
RR
Nasdaq Stock Market
Current Firm
NE
NEW EDGE WEALTH
NEW EDGE WEALTH | NEWEDGE WEALTH, LLC | NEWEDGE INVESTMENT SOLUTIONS | NEW EDGE WEALTH LLC
CRD#: 307771 / SEC#: 801-118291
RIA
Registered Investment Advisory firm - (3/25/2020 Approved)Maryland
Registered Investment Advisory firm - (2/28/2020 Terminated)North Carolina
Registered Investment Advisory firm - (2/25/2020 Terminated)South Dakota
Registered Investment Advisory firm - (2/24/2020 Terminated)Wisconsin
Registered Investment Advisory firm - (2/24/2020 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
2200 Atlantic Street Suite 200, Stamford, CT 06902
Mailing Address
Phone number
(203) 424-2262
Established
Firm type
Fiscal year end
# of Employees
152
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 14,680 |
| AUM (Assets Under Management) | $ 12,064,984,416 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 01/27/2025 | ||
| 12/22/2023 | ||
| 01/27/2023 | ||
| 07/28/2022 |
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.
