DG
David F. Gerken
PROSPECT FINANCIAL SERVICES LLC
Melville, NY 11747
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CRD#: 2452301
DG
Professional summary
David Frank Gerken is a registered financial advisor currently at PROSPECT FINANCIAL SERVICES LLC located in Melville, New York and LPL FINANCIAL LLC located in Melville, New York.
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 9 firms and has passed the Series 63, SIE and Series 6 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.
1)7/24/2020 - Prospect Financial Services - DBA for LPL Business (entity for LPL business) - Inv. Related - Melville, NY - Registered Representative of LPL a broker dealer - 5-10% 2)7/24/2020- Non-Variable Insurance- Agent selleing term insurance, health insurance, LTC- Inv. Related- Melville, NY- start date 1994- 20hrs/mth- 2% 3)7/24/2020- DSP PROPERTIES, LLC. - Real Estate Rentals- partner - Inv. Related- Bayport, NY- start date 6/2005- 4hrs/mth- 1% 4)7/24/2020- 161 SHUBERT STREET, LLC- Real Estate Rentals- partner - Inv. Related- Bayport, NY- start date 9/2008- 4hrs/mth- 1% 5)7/24/2020- 180 STATE STREET, LLC - Real Estate Rentals- partner - Inv. Related- Bayport, NY- start date 1/2006- 4hrs/mth- 1% 6) 11/25/2020 - South Ocean Capital Corp - Investment Related - At Reported Business Location(s) - DBA for LPL Business (entity for LPL business) - Start Date: 9/1/2020 - 160 Hours Per Month/160 Hours During Securities Trading. 7) 1/11/2022 - Prospect Financial Services LLC - Investment Related - At Reported Business Location(s) - Registered Investment Advisor Hybrid - IAR - Started 01/03/2022 - 100 Hours Per Month/6 Hours During Securities Trading - Time Spent 63% - I provide investment advisory services through Prospect Financial Services LLC, an independent investment advisor firm. I started this business activity in 1/2022. I expect to spend approximately 100 hours per month on this activity. Please see the advisory firm's Form ADV for more information about its address, the nature of its business, its owners, and its services at http://www.advisorinfo.sec.gov/IAPD. This firm is separate from and independent of LPL Financial.
CRS (Client Relationship Summary) - RIA
Click below to view David Frank Gerken'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
December 21, 2021 - Present
PROSPECT FINANCIAL SERVICES LLC
Office #1: 445 Broad Hollow Road Suite Cl-43, Melville, NY 11747RIA
CRD#: 314154
Melville, NY
Current
July 24, 2020 - Present
LPL FINANCIAL LLC
Office #1: 445 Broadhollow Rd Ste Cl-43, Melville, NY 11747RIA
BD
CRD#: 6413
Melville, NY
Past
August 17, 2021 - December 31, 2021
THE PINNACLE FINANCIAL GROUP
RIA
CRD#: 164395
MELVILLE, NY
Past
November 3, 2011 - July 24, 2020
OSAIC FA, INC.
BD
CRD#: 3978
BAYPORT, NY
Past
December 2, 2002 - November 11, 2011
HORNOR, TOWNSEND & KENT, LLC
BD
CRD#: 4031
EAST ISLIP, NY
Past
October 7, 1996 - May 1, 1997
JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY
BD
CRD#: 5181
BOSTON, MA
Past
October 7, 1996 - December 4, 2002
SIGNATOR INVESTORS, INC.
BD
CRD#: 468
BOSTON, MA
Past
March 30, 1994 - October 8, 1996
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
BD
CRD#: 4039
NEW YORK, NY
Past
March 30, 1994 - October 8, 1996
EQUITABLE ADVISORS, LLC
BD
CRD#: 6627
NEW YORK, NY
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".
PF
PROSPECT FINANCIAL SERVICES LLC
PROSPECT FINANCIAL SERVICES LLC
CRD#: 314154 / SEC#: 801-122193
RIA
Registered Investment Advisory firm - (8/30/2021 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
California(10/6/2022)
RR
Connecticut(7/24/2020)
RR
Florida(7/24/2020)
RR
Minnesota(7/24/2020)
RR
New Jersey(2/3/2021)
RR
New York(7/24/2020)
IAR
New York(12/21/2021)
RR
North Carolina(7/24/2020)
RR
Virginia(7/24/2020)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
PF
PROSPECT FINANCIAL SERVICES LLC
PROSPECT FINANCIAL SERVICES LLC
CRD#: 314154 / SEC#: 801-122193
RIA
Registered Investment Advisory firm - (8/30/2021 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
445 Broad Hollow Road Suite Cl-43, Melville, NY 11747
Mailing Address
Phone number
(631) 424-5218
Established
Firm type
Fiscal year end
# of Employees
12
SEC notice filing (11 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 1,178 |
| AUM (Assets Under Management) | $ 418,143,884 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
PROSPECT FINANCIAL SERVICES LLC
CRD#: 314154Melville, NY 11747TRUST BUT VERIFY
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Contact information
(xxx) xxx-xxxx
xxxxx@xxxx.xxx
