Thomas L. Frey

FREY FINANCIAL

Urbana, IL 61802

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CRD#: 1950326

Professional summary

Thomas Lee Frey is a registered financial advisor currently at FREY FINANCIAL located in Urbana, Illinois and STERLING WEALTH MANAGEMENT, INC. located in Champaign, Illinois.

Thomas is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1989. Thomas has worked at 5 firms and has passed the Series 65, Series 63, Series 7 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

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.

MR. FREY IS THE SOLE PROPRIETOR OF THOMAS LEE FREY D/B/A FREY FINANCIAL, AN INVESTMENT ADVISER REGISTERED WITH THE STATE OF ILLINOIS. MR. FREY HAS OWNED THIS BUSINESS SINCE 1993 AND CURRENTLY CONSULTS WITH FORMER CLIENTS AS REQUESTED AND REVIEWS FORMER CLIENT INVESTMENT ACCOUNT STATEMENTS. FREY FINANCIAL HAS NO REGULAR HOURS.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Thomas Lee Frey's CRS (Customer Relationship Summary).

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®

None

Experience

Current

October 14, 1998 - Present

FREY FINANCIAL

Office #1: 2730, Urbana, IL 61802

RIA

CRD#: 123538

Urbana, IL

Current

September 8, 2014 - Present

STERLING WEALTH MANAGEMENT, INC.

Office #1: 301 N. Neil Street, Suite 203, Champaign, IL 61820

RIA

CRD#: 131304

Champaign, IL

Past

October 14, 1998 - December 31, 2002

FREY FINANCIAL

RIA

CRD#: 123538

SAVOY, IL

Past

January 3, 1994 - May 10, 1999

CONTINENTAL CAPITAL INVESTMENT SERVICES, INC.

CRD#: 2864

BRYAN, OH

Past

April 6, 1992 - December 31, 1993

IFG NETWORK SECURITIES, INC.

CRD#: 19948

ATLANTA, GA

Past

August 22, 1989 - June 16, 1992

DERAND/PENNINGTON/BASS, INC.

CRD#: 4679

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".

STERLING WEALTH MANAGEMENT, INC.

STERLING FINANCIAL, INC | STERLING WEALTH MANAGEMENT, INC.

CRD#: 131304 / SEC#: 801-112948

RIA

Registered Investment Advisory firm - (4/26/2018 Approved)

Illinois

Registered Investment Advisory firm - (4/30/2018 Terminated)

Texas

Registered Investment Advisory firm - (5/4/2018 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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.

Highlighted states indicate IAR registrations

IAR

Illinois
(10/14/1998)

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: 12/15/1993

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 9/19/1990

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 8/19/1989

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 9/2/1994

General Securities Principal Examination

Current Firm

STERLING WEALTH MANAGEMENT, INC.

STERLING FINANCIAL, INC | STERLING WEALTH MANAGEMENT, INC.

CRD#: 131304 / SEC#: 801-112948

RIA

Registered Investment Advisory firm - (4/26/2018 Approved)

Illinois

Registered Investment Advisory firm - (4/30/2018 Terminated)

Texas

Registered Investment Advisory firm - (5/4/2018 Terminated)

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Contact information

Main Address

301 N. Neil Street, Suite 203, Champaign, IL 61820

Mailing Address

Phone number

(217) 398-1900

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (5 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

SWM ADV 2A (3/26/2025)

Regulatory assets under management

Total Number of Accounts	724
AUM (Assets Under Management)	$ 429,136,174

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.

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Firm Stability Insights

Thomas L. Frey

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Thomas Lee Frey's CRS (Customer Relationship Summary).

Certified licenses

Experience

STERLING WEALTH MANAGEMENT, INC.

FREY FINANCIAL

CONTINENTAL CAPITAL INVESTMENT SERVICES, INC.

IFG NETWORK SECURITIES, INC.

DERAND/PENNINGTON/BASS, INC.

Primary Firm SEC Registration

STERLING WEALTH MANAGEMENT, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 12/15/1993

Series 63

Date: 9/19/1990

Series 7

Date: 8/19/1989

Series 24

Date: 9/2/1994

Current Firm

STERLING WEALTH MANAGEMENT, INC.

Contact information

SEC notice filing (5 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

STERLING WEALTH MANAGEMENT, INC.

TRUST BUT VERIFY

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