DS
David A. Schlein
CETERA INVESTMENT ADVISERS LLC
BUFFALO, NY 14202
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CRD#: 4334470
DS
Professional summary
David Alan Schlein is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Buffalo, New York and CETERA WEALTH SERVICES, LLC located in Buffalo, New York.
David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2001. David has worked at 5 firms and has passed the Series 66, SIE and Series 7 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) BRISBANE CONSULTING GROUP, LLC POSITION: OWNER NATURE: BUSINESS VALUATION INVESTMENT RELATED: No NUMBER OF HOURS: 0 SECURITIES TRADING HOURS: 0 START DATE: 02/01/1980 ADDRESS: Buffalo NY , United States DESCRIPTION: Business valuation services 2) LUMSDEN MCCORMICK FINANCIAL SERVICES, LLC POSITION: INVESTMENT ADVISOR REPRESENTATIVE NATURE: FINANCIAL SERVICES INVESTMENT RELATED: Yes NUMBER OF HOURS: 20 SECURITIES TRADING HOURS: 20 START DATE: 12/01/1998 DESCRIPTION: Provide financial services to clients. 3) LUMSDEN & MCCORMICK LLP POSITION: TAX PARTNER NATURE: null INVESTMENT RELATED: No NUMBER OF HOURS: 160 SECURITIES TRADING HOURS: 160 START DATE: 02/01/1980 DESCRIPTION: CPA firm 4) AMERICAN CHANGER CORP POSITION: Board of Directors NATURE: Provide counsel to company's management to assist in the efficient operation of the co. I have no signature or any other direct responsibility. INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 07/01/2016 ADDRESS: 1400 NW 65th Pl, Fort Lauderdale FL 33309, United States DESCRIPTION: see above 5) EDWIN BRAUN POSITION: Power of Attorney NATURE: On April 17 2012, I was given POA on the above individual. He had no other immediate family and had been in and out of hospitals (and been declared legally deceased at least once) I am also the trustee on his deceased wife's trust. He has currently been in and out of hospice care and is in a fully assisted living facility. I do not oversee any of his investments. All investments will be moved into an Avantax account that I have no control over and do not earn any fees from INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 09/01/2020 ADDRESS: 50 Fountain Plaza, Suite 800, Buffalo NY 14202, United States DESCRIPTION: I pay all his related bills which typically consist of his nursing home and related expenses, cable bill, etc 6) ESTATE OF ED BRAUN POSITION: Executor NATURE: I am the executor of the estate. I am also retired from the accounting firm of Lumsden & McCormick Financial Services, LLC. Jeff Budzinski is the financial advisor of record. My job is to gather the assets and distribute them in accordance with the will. I have no control over the investment of the assets and will distribute them as soon as legally permissable. INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 2 START DATE: 03/21/2024 ADDRESS: 4982 Anfield Rd, Suite 800, Williamsville NY 14221, United States DESCRIPTION: I am the executor of the estate. My job is to gather assets and dispose of them according to the will of the deceased. I have hired Jeff Budzinski of Lumsden and McCormick Financial Services to over see the investments of the estate and Lumsden and McCormick, LLC (accounting firm) to prepare all necessary tax returns. The attorney for the estate is Peter Brevorka and his job is to follow the law as it relates to this estate. 7 )D-DAY INVESTMENT CLUB; INVESTOR; INVESTMENT CLUB; IR; 0; 06/01/2002; Buffalo NY 14203; GENERAL DISCUSSION OF MARKET, MAKE DECISIONS WITH THE OTHER NINE OWNERS ABOUT BUYS AND SELLS.
CRS (Client Relationship Summary) - RIA
Click below to view David Alan Schlein'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
September 5, 2025 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 369 Franklin Street Cyclorama Building, Buffalo, NY 14202RIA
CRD#: 105644
BUFFALO, NY
Current
September 5, 2025 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 369 Franklin Street Cyclorama Building, Buffalo, NY 14202BD
CRD#: 13572
Buffalo, NY
Past
September 13, 2021 - September 5, 2025
AVANTAX ADVISORY SERVICES
RIA
CRD#: 104556
WILLIAMSVILLE, NY
Past
October 25, 2019 - September 5, 2025
AVANTAX INVESTMENT SERVICES, INC.
BD
CRD#: 13686
Buffalo, NY
Past
January 29, 2001 - October 25, 2019
1ST GLOBAL CAPITAL CORP.
BD
CRD#: 30349
BUFFALO, 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".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 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
Florida(9/5/2025)
RR
New York(9/5/2025)
IAR
New York(9/5/2025)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
Red Flags
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Company Information
CETERA INVESTMENT ADVISERS LLC
CRD#: 105644Buffalo, NY 14202TRUST BUT VERIFY
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