David L. Scher
KESTRA ADVISORY SERVICES
RIDGEWOOD, NJ 07450
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CRD#: 2876803
Professional summary
David Lawrence Scher, CFP® is a registered financial advisor currently at KESTRA ADVISORY SERVICES, LLC located in Ridgewood, New Jersey and KESTRA INVESTMENT SERVICES, LLC located in Paramus, New Jersey.
David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1997. David has worked at 6 firms and has passed the Series 66, Series 63, SIE, Series 7 and Series 3 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.
Name: Krim Associates David Scher Investment Related: Yes Address: 257 East Ridgewood Avenue, #305 Ridgewood NJ 07450 Nature of Business: Registered Rep Activities through Kestra Investment Services, LLC using a DBA name; Insurance; Investment Advisory services through Kestra Advisory Services, LLC Position, Title or Relationship: Financial Advisor Start Date: 6/1/2016 Hours per month: 91% - 100% (145 - 160 hours) Hours per month during trading hours: 91% - 100% (127 - 140 hours) Duties: Will be providing advisory services for individuals and small business owners. I will be charging advisory fees for wealth managemnt. My primary function will be helping clients create suitable diversified portfolios. Additionally, I will be selling life, annuity and healthcare products ( including LTC) when appropriate. Name: Kestra Advisory Services LLC Investment Related: Yes Address: 5707 Southwest Parkway Building 2, Suite 400 Austin TX 78735 Nature of Business: Investment Advisory services through Kestra Advisory Services, LLC Position, Title or Relationship: IAR Start Date: 6/1/2016 Hours per month: 91% - 100% (145 - 160 hours) Hours per month during trading hours: 71% - 80% (99 - 112 hours) Duties: Investment Advisory Name: First Source Team Investment Related: No Address: 45 Eisenhower Drive, suite 550 Paramus NJ 07652 Nature of Business: Consulting Position, Title or Relationship: Representative for First Source Team Start Date: 8/1/2019 Hours per month: 11% - 20% (17 - 32 hours) Hours per month during trading hours: 11% - 20% (15 - 28 hours) Duties: Providng the initial seminar ( which includes how First Source Team can help - mostly resume scoring and Linkedin Coaching). I also will talk about financial planning considerations, but that will be discussed as Krim Associates NAME: RIDGEWOOD AM ROTARY CLUB POSITION: I am an observer. NATURE: Board position INVESTMENT RELATED: No # OF HOURS: 4 SECURITIES TRADING HOURS: 0 START DATE: 06/30/2022 ADDRESS: 112 Oak Street, Ridgewood NJ 07450, United States DESCRIPTION: As I mentioned above I am on the board of the Ridgewood Rotary Club. I have no input on the investment decisions of the foundation. That being said the Board of the Club does vote on how to allocate funds annually from our foundation. The main fund allocations are for College sholarships ( Ridgewood and Glenrock NJ HS candidates who fill out an application), social services (Food bank) and various other community oriented charity related projects.
CRS (Client Relationship Summary) - RIA
Click below to view David Lawrence Scher'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®
CFP®
Start date: 2021
Experience
Current
April 26, 2016 - Present
KESTRA ADVISORY SERVICES, LLC
Office #1: 257 E Ridgewood Ave Suite 305, Ridgewood, NJ 07450RIA
CRD#: 283330
RIDGEWOOD, NJ
Current
January 11, 2016 - Present
KESTRA INVESTMENT SERVICES, LLC
Office #1: 45 Eisenhower Drive Suite 550, Paramus, NJ 07652BD
CRD#: 42046
Paramus, NJ
Past
February 23, 2016 - September 22, 2016
KESTRA INVESTMENT SERVICES, LLC
RIA
CRD#: 42046
AUSTIN, TX
Past
July 10, 2010 - August 22, 2011
STIFEL, NICOLAUS & COMPANY, INCORPORATED
BD
CRD#: 793
NEW YORK, NY
Past
February 4, 2005 - July 16, 2010
THOMAS WEISEL PARTNERS LLC
BD
CRD#: 46237
NEW YORK, NY
Past
February 4, 2000 - February 9, 2005
GOLDMAN SACHS & CO. LLC
BD
CRD#: 361
NEW YORK, NY
Past
May 13, 1997 - February 4, 2000
GLEACHER & COMPANY SECURITIES, INC.
BD
CRD#: 298
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".
KA
KESTRA ADVISORY SERVICES, LLC
KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC
CRD#: 283330 / SEC#: 801-56126
RIA
Registered Investment Advisory firm - (12/31/1998 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
Arizona(11/1/2017)
RR
District of Columbia(11/27/2024)
RR
Florida(6/1/2016)
RR
Illinois(1/26/2024)
RR
Massachusetts(11/1/2017)
RR
New Jersey(2/22/2016)
IAR
New Jersey(4/26/2016)
RR
New York(6/1/2016)
RR
North Carolina(4/19/2024)
RR
Ohio(11/10/2025)
RR
Rhode Island(3/10/2025)
RR
Texas(3/11/2025)
IAR
Texas(3/11/2025)
RR
Virginia(11/27/2024)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
KA
KESTRA ADVISORY SERVICES, LLC
KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC
CRD#: 283330 / SEC#: 801-56126
RIA
Registered Investment Advisory firm - (12/31/1998 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
5707 Southwest Parkway Building 2, Suite 400, Austin, TX 78735
Mailing Address
Phone number
(844) 553-7872
Established
Firm type
Fiscal year end
# of Employees
1,299
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 155,482 |
| AUM (Assets Under Management) | $ 60,174,309,829 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 12/23/2024 | ||
| 10/20/2023 | ||
| 12/21/2022 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
