LF
Larry E. Folmar
FOLMAR ADVISORY
Southfield, MI 48075
Some features on this profile are disabled
CRD#: 210745
LF
Professional summary
Larry Eugene Folmar, who also goes by Larry E Folmar, is a registered financial advisor currently at FOLMAR ADVISORY, LLC located in Southfield, Michigan and CETERA INVESTMENT ADVISERS LLC located in Southfield, Michigan.
Larry is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1970. Larry has worked at 8 firms and has passed the Series 65, Series 63, Series 7TO, SIE and Series 1 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Larry E Folmar
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) PREPAID LEGAL SERVICE, INC; SINCE 12/01/2003;NON-INVESTMENT RELATED; ADDRESS SAME AS BRANCH;ASSOCIATE;SELL PREPAID LEGAL PLANS;0 HRS PER MONTH AND 0 HRS DURING TRADING (2) STEWARDSHIP MINISTRIES; ADDRESS SAME AS BRANCH; SINCE 12/01/1989; OWNER; TEACH BIBLICAL STEWARDSHIP PRINCIPALS TO CHURCHES; 0 HRS A MONTH AND 0 HRS DURING TRADING (3) FOLMAR FINANCIAL GROUP, INC; SINCE 12/01/1989; 24901 NORTHWESTERN HWY, STE 211, SOUTHFIELD, MI, 48234; CEO; BUSINESS OWNERSHIP/RUN DAILY OPERATIONS; 200 HOURS A MONTH AND 160 DURING TRADING HOURS (4) FOLMAR ADVISORY, LLC; SINCE 09/13/2007; ADDRESS SAME AS BRANCH; MANAGER; Investment Advisor Rep. Investment advice/financial planning; LESS THAN 30 HOURS SPENT PER MONTH ON ACTIVITY, 2 OR LESS DURING TRADING HOURS; (5) NAME OF OTHER BUSINESS: SHARON COMMUNITY CHURCH, INVESTMENT RELATED: NO, ADDRESS: 1646 E STATE FAIR, DETROIT, MI 48234, NATURE OF BUSINESS: CHURCH, START DATE: 05/2011,, POSITION/TITLE/RELATIONSHIP: PASTOR, APX NUMBER OF HOURS PER WEEK: 7, APX NUMBER OF HOURS DURING TRADING HOURS: VARIES, BRIEF DESCRIPTION OF DUTIES: LEADERSHIP ROLE, PREACHING AND TEACHING;
CRS (Client Relationship Summary) - RIA
Click below to view Larry Eugene Folmar'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
November 24, 2010 - Present
FOLMAR ADVISORY, LLC
Office #1: 24901 Northwestern Hwy Suite 211, Southfield, MI 48075RIA
CRD#: 141240
Southfield, MI
Current
June 29, 2023 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 24901 Northwestern Hwy Suite 710, Southfield, MI 48075RIA
CRD#: 105644
SOUTHFIELD, MI
Current
September 20, 2019 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 24901 Northwestern Hwy Ste 211, Southfield, MI 48075BD
CRD#: 13572
Southfield, MI
Past
May 20, 2021 - June 29, 2023
CETERA WEALTH SERVICES, LLC
RIA
CRD#: 13572
EL SEGUNDO, CA
Past
June 22, 2011 - May 20, 2021
SUMMIT FINANCIAL GROUP INC
RIA
CRD#: 109485
SOUTHFIELD, MI
Past
August 21, 2009 - September 20, 2019
SUMMIT BROKERAGE SERVICES, INC.
BD
CRD#: 34643
SOUTHFIELD, MI
Past
March 9, 1982 - August 25, 2009
MUTUAL SERVICE CORPORATION
BD
CRD#: 4806
SOUTHFIELD, MI
Past
February 10, 1982 - March 23, 1982
PRUCO SECURITIES, LLC.
BD
CRD#: 5685
Past
March 5, 1970 - March 23, 1982
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
BD
CRD#: 680
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".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)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
Alabama(9/20/2019)
RR
Arizona(9/20/2019)
RR
California(2/24/2025)
RR
Florida(9/21/2019)
RR
Georgia(9/20/2019)
RR
Illinois(9/20/2019)
RR
Maryland(9/20/2019)
IAR
Michigan(11/24/2010)
RR
Michigan(9/20/2019)
RR
Nevada(9/20/2019)
RR
New York(8/18/2020)
RR
North Carolina(9/20/2019)
RR
Ohio(9/20/2019)
RR
Tennessee(9/20/2019)
RR
Texas(9/20/2019)
IAR
Texas(6/29/2023)
RR
Virginia(9/20/2019)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
RR
Series 7TO
Date: 1/2/2023
General Securities Representative ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
RR
Series 1
Date: 2/25/1970
Registered Representative ExaminationSRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
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.
