Richard J. Schmit
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.
Richard James Schmit, who also goes by Dick Schmit, Richard J Schmit, was a registered financial professional .
Richard is a previously registered financial professional and started their career in finance in 1997. Richard had worked at 11 firms and has passed the Series 66, Series 63, Series 65, SIE and Series 7 exams.
Question & Answer
Aliases
Other business activities
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
Certified licenses
Experience
March 28, 2012 - December 1, 2022
PRINCIPAL SECURITIES, INC.
February 9, 2012 - December 1, 2022
PRINCIPAL SECURITIES, INC.
April 28, 2011 - August 22, 2011
BIRCHTREE FINANCIAL SERVICES LLC
November 21, 2007 - July 14, 2009
SECURIAN FINANCIAL SERVICES, INC.
November 21, 2007 - July 14, 2009
SECURIAN FINANCIAL SERVICES, INC.
October 5, 2006 - November 2, 2007
LPL FINANCIAL LLC
October 5, 2006 - November 2, 2007
LPL FINANCIAL LLC
March 7, 2005 - August 24, 2006
WELLS FARGO INVESTMENTS, LLC
December 16, 2004 - August 24, 2006
WELLS FARGO INVESTMENTS, LLC
August 1, 2003 - April 28, 2004
CETERA INVESTMENT SERVICES LLC
October 29, 2002 - August 13, 2003
ALLSTATE FINANCIAL SERVICES, LLC
March 1, 2002 - October 30, 2002
VESTAX SECURITIES CORPORATION
February 12, 2001 - August 10, 2001
WS GRIFFITH SECURITIES, INC.
November 21, 1997 - December 31, 2000
PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC
May 28, 1997 - December 31, 1997
PRUDENTIAL EQUITY GROUP, LLC
Primary Firm SEC Registration
PRINCIPAL SECURITIES, INC.
CRD#: 1137 / SEC#: 801-54949, 8-13975
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
Exams
Current Firm
PRINCIPAL SECURITIES, INC.
CRD#: 1137 / SEC#: 801-54949, 8-13975
Contact information
SEC notice filing (51 States and Territories)
FINRA licenses (52 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | |
| AGRAWAL, VIVEK | DIRECTOR | 8050381 |
| CLAIRE, CHAD THOMAS | CHIEF INFORMATION OFFICER | 7219218 |
| DROGAN, THOMAS JOHN | CHIEF COMPLIANCE OFFICER | 2760482 |
| FRIEDRICH, AMY CHRISTINE | DIRECTOR | 7097797 |
| LAWLER, CODY ANTHONY | HEAD OF SUPERVISION, HEAD OF OPERATIONS | 5162072 |
| MCCULLUM, KENNETH ALLEN | DIRECTOR | 4695257 |
| MURRAY, MICHAEL FRANCIS | PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR | 2074275 |
| RANTS, DOUGLAS JOHN | CHIEF INFORMATION SECURITY OFFICER | 7148529 |
| ROBERTS, DAWN MARIE | CHIEF FINANCIAL OFFICER | 7929617 |
| SCHELHAAS, NATHAN PAUL | DIRECTOR | 7275495 |
| SPADAFORA, CRAIG ALAN | SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM | 3184320 |
| VANWINKLE, DANIEL SIMON | PSI AML OFFICER | 4715191 |
Regulatory assets under management
| Total Number of Accounts | 63,730 |
| AUM (Assets Under Management) | $ 14,827,718,110 |
Disclosures
| Regulatory Event | 9 |
| Arbitration | 3 |
| Bond | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 09/26/2025 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
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.
