Carlton F. Gay

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CRD#: 218983

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Carlton Fenner Gay, who also goes by Carl Gay, was a registered financial professional .

Carlton is a previously registered financial professional and started their career in finance in 1973. Carlton had worked at 9 firms and has passed the Series 65, Series 63, SIE, Series 5 and Series 1 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

Carl Gay

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

April 1, 2013 - September 9, 2019

RESEARCH FINANCIAL STRATEGIES

RIA

CRD#: 153247

MCLEAN, VA

Past

March 22, 2013 - August 23, 2019

PURSHE KAPLAN STERLING INVESTMENTS

CRD#: 35747

MCLEAN, VA

Past

July 2, 2012 - April 1, 2013

FIRST ALLIED ADVISORY SERVICES, INC.

RIA

CRD#: 137888

MCLEAN, VA

Past

December 6, 2004 - July 2, 2012

FIRST ALLIED SECURITIES, INC.

RIA

CRD#: 32444

MCLEAN, VA

Past

September 28, 2000 - March 27, 2013

FIRST ALLIED SECURITIES, INC.

CRD#: 32444

MCLEAN, VA

Past

September 8, 1998 - December 1, 2004

A. PORTER ROCKWELL, INC.

RIA

CRD#: 104521

MCLEAN, VA

Past

January 28, 1998 - October 25, 2000

D.E. FREY & COMPANY, INC.

CRD#: 23595

DENVER, CO

Past

February 24, 1978 - January 29, 1998

MORGAN STANLEY DW INC.

CRD#: 7556

PURCHASE, NY

Past

May 16, 1973 - February 24, 1978

DEAN WITTER & CO. INCORPORATED

CRD#: 6466

Past

May 8, 1973 - May 16, 1973

DEAN WITTER & CO. INCORPORATED

CRD#: 209

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".

RESEARCH FINANCIAL STRATEGIES

CRD#: 153247 / SEC#: 801-71400

RIA

Registered Investment Advisory firm - (5/3/2010 Approved)

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: 12/4/1992

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 3/26/1981

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 5

Date: 12/11/1982

Interest Rate Options Examination

General Industry/Product Exam

Series 1

Date: 5/3/1973

Registered Representative Examination

Current Firm

RESEARCH FINANCIAL STRATEGIES

CRD#: 153247 / SEC#: 801-71400

RIA

Registered Investment Advisory firm - (5/3/2010 Approved)

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Contact information

Main Address

2273 Research Blvd Suite 101, Rockville, MD 20850-3264

Mailing Address

Phone number

(301) 294-7500

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (22 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV PART 2A (6/18/2025)

Regulatory assets under management

Total Number of Accounts	1,365
AUM (Assets Under Management)	$ 254,445,293

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

Carlton F. Gay

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

PURSHE KAPLAN STERLING INVESTMENTS

FIRST ALLIED ADVISORY SERVICES, INC.

FIRST ALLIED SECURITIES, INC.

FIRST ALLIED SECURITIES, INC.

A. PORTER ROCKWELL, INC.

D.E. FREY & COMPANY, INC.

MORGAN STANLEY DW INC.

DEAN WITTER & CO. INCORPORATED

DEAN WITTER & CO. INCORPORATED

Primary Firm SEC Registration

RESEARCH FINANCIAL STRATEGIES

State Registrations and Notice Filings

Exams

Series 65

Date: 12/4/1992

Series 63

Date: 3/26/1981

SIE

Date: 10/1/2018

Series 5

Date: 12/11/1982

Series 1

Date: 5/3/1973

Current Firm

RESEARCH FINANCIAL STRATEGIES

Contact information

SEC notice filing (22 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

RESEARCH FINANCIAL STRATEGIES

TRUST BUT VERIFY

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