CS
Clifford L. Schmidt
FOUNDATION ASSOCIATES ASSET MANAGEMENT
san diego, CA
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CRD#: 413912
CS
Professional summary
Clifford Leigh Schmidt is a registered financial advisor currently at FOUNDATION ASSOCIATES ASSET MANAGEMENT INC. located in San Diego, California.
Clifford is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1972. Clifford has worked at 5 firms and has passed the Series 65, Series 63, SIE, Series 15, Series 5, PC and Series 1 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. SOLE SHAREHOLDER OF FOUNDATION ASSOCIATES ASSET MANAGEMENT INC.; CALIFORNIA; REGISTERED WITH THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") AS AN ASSOCIATED PERSON OF FOUNDATION ASSOCIATES. FOUNDATION ASSOCIATES IS A CALIFORNIA CORPORATION AND AS A COMMODITY TRADING ADVISOR. IT IS THE COMMODITY TRADING ADVISER TO VARIOUS SEPARATELY MANAGED FUTURES ACCOUNTS. CLIENTS PAY FOUNDATION ASSOCIATES AN ASSET-BASED INVESTMENT MANAGEMENT FEE AND INCENTIVE COMPENSATION. MORGAN STANLEY SMITH BARNEY EARNS COMMISSIONS FROM TRADES MADE BY FOUNDATION ASSOCIATES. DEPENDING ON THE RELATIVE COMPENSATION HE WILL RECEIVE FROM MORGAN STANLEY SMITH BARNEY FOR RECOMMENDING ONE OF ITS INVESTMENT PRODUCTS, OR FROM A FOUNDATION ASSOCIATES SEPARATELY MANAGED FUTURES ACCOUNT, MR. SCHMIDT HAS AN INCENTIVE TO RECOMMEND TO CLIENTS EITHER AN INVESTMENT PRODUCT AVAILABLE AT MORGAN STANLEY SMITH BARNEY OR A FOUNDATION ASSOCIATES SEPARATELY MANAGED FUTURES ACCOUNT. MORGAN STANLEY SMITH BARNEY ADDRESSES THIS CONFLICT OF INTEREST BY DISCLOSING IT TO CLIENTS. 0 AFTER BUSINESS HOURS; 100 DURING BUSINESS HOURS. 2007**
2. SAN DIEGO HIGH SCHOOL FOUNDATION; TREASURER OF THE ADVISORY BOARD OF THE ACADEMY OF FINANCE; PAY CHECKS THAT FUND THE PROGRAMS OUR BOARD PROVIDES, MAKE DEPOSITS WHEN NECESSARY, AND REPORT ACCOUNT STATUS TO THE BOARD AT OUR MONTHLY MEETINGS; 4 HOURS DURING BUSINESS; 1 HOUR AFTER BUSINESS; 09/1999
3. Rental Property; Investment related; La Quinta, CA; Rental Property; Sole Proprietor / Owner / Partner; Dec/2017; During business hours: 0; After business hours: 0; FA will handle rental agreements and collection
4.Foundation Associates Asset Management Inc; Investment related - Yes; San Diego; Private Company; CEO (proprietor, partner, officer, director, employee, trustee, agent); During business hours: 100; After business hours: 0; Commodities trading advisor managing commodity accounts
CRS (Client Relationship Summary) - RIA
Click below to view Clifford Leigh Schmidt'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
October 12, 2021 - Present
FOUNDATION ASSOCIATES ASSET MANAGEMENT INC.
RIA
CRD#: 315012
san diego, CA
Past
June 1, 2009 - August 6, 2018
MORGAN STANLEY
RIA
CRD#: 149777
SAN DIEGO, CA
Past
June 1, 2009 - August 6, 2018
MORGAN STANLEY
BD
CRD#: 149777
SAN DIEGO, CA
Past
July 8, 1997 - June 1, 2009
CITIGROUP GLOBAL MARKETS INC.
RIA
CRD#: 7059
SAN DIEGO, CA
Past
March 27, 1996 - June 1, 2009
CITIGROUP GLOBAL MARKETS INC.
BD
CRD#: 7059
SAN DIEGO, CA
Past
August 10, 1981 - March 19, 1996
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
BD
CRD#: 7691
NEW YORK, NY
Past
December 19, 1972 - October 10, 1977
MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
BD
CRD#: 572
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.Highlighted states indicate IAR registrations
IAR
California(10/12/2021)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
RR
Series 15
Date: 2/11/1991
Foreign Currency Options ExaminationGeneral Industry/Product Exam
RR
Series 5
Date: 10/12/1981
Interest Rate Options ExaminationGeneral Industry/Product Exam
RR
PC
Date: 5/2/1977
AMEX Put and Call ExamGeneral Industry/Product Exam
RR
Series 1
Date: 12/13/1972
Registered Representative ExaminationCurrent Firm
FA
FOUNDATION ASSOCIATES ASSET MANAGEMENT INC.
FOUNDATION ASSOCIATES ASSET MANAGEMENT INC.
CRD#: 315012 / SEC#:
California
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Contact information
Main Address
San Diego, CA
Mailing Address
Phone number
(619) 980-2672
Established
Firm type
Fiscal year end
# of Employees
1
Regulatory assets under management
| Total Number of Accounts | 7 |
| AUM (Assets Under Management) | $ 8,601,915 |
Red Flags
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