Russell L. Dempsey
CETERA INVESTMENT ADVISERS LLC
ADRIAN, MI 49221
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CRD#: 4481847
Professional summary
Russell Leo Dempsey, CFP®, who also goes by Russ L. Dempsey, is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Adrian, Michigan and CETERA WEALTH SERVICES, LLC located in Adrian, Michigan.
Russell is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2001. Russell has worked at 7 firms and has passed the Series 63, SIE and Series 7 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Russ L. Dempsey
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) DEMPSEY & DEMPSEY DEVELOPMENT LLC POSITION: MEMBER NATURE: FINANCIAL SERVICES INVESTMENT RELATED: Yes NUMBER OF HOURS: 0 SECURITIES TRADING HOURS: 0 START DATE: 05/01/2005 ADDRESS: Adrian MI , United States DESCRIPTION: LLC FORMED TO HOLD THE REAL ESTATE OF OUR BUSINESS (DEMPSEY & DEMPSEY PC, CPA'S); 2) DEMPSEY & DEMPSEY PC POSITION: PRESIDENT CPA NATURE: CPA firm INVESTMENT RELATED: No NUMBER OF HOURS: 160 SECURITIES TRADING HOURS: 160 START DATE: 11/01/1994 DESCRIPTION: CPA firm 3) MAYA INDIAN MISSION, INC POSITION: Potential board member NATURE: I would serve as an advisory board member as to provide guidance in keeping with the mission of the non profit organization. INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 0 START DATE: 11/01/2017 ADDRESS: P.O. Box 1222, Bowling Green OH 43402, DESCRIPTION: The board meets twice a year for meetings lasting approximately 2 hours 4) ATHENE POSITION: Producer NATURE: Annuitysales through Avantax Wealth Management INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 09/04/2020 ADDRESS: 1881 W Maumee St, Adrian MI 49221, DESCRIPTION: All duties related to sale of annuity products approved my Avantax 5) RENTAL COTTAGE POSITION: Owner NATURE: I have a small cottage that sits on the property of my residence. My wife started renting the cottage in July 2020 through Airbnb. My wife handles the entire process but the property is solely in my name. INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 07/09/2020 ADDRESS: 6351 Hallenbeck Highway, Manitou Beach-Devils Lake MI 49253, DESCRIPTION: I mow the lawn around the cottage and perform minor repairs as needed. 6) RENTAL HOME POSITION: Owner NATURE: I am purchasing a residential rental property in early January of 2021. I didn't purchase the property until April 1st, 2021. INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 0 START DATE: 04/01/2021 ADDRESS: 6351 Hallenbeck Highway, Manitou Beach-Devils Lake MI 49253, United States DESCRIPTION: I will provide basic maintenance to the exterior of the property. Mowing, gardening, basic repairs. 7) KMDA POSITION: Advisor/Treasure NATURE: Provide education and worldwide support for Sickle Cell Anemia. INVESTMENT RELATED: No NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 0 START DATE: 09/01/2023 ADDRESS: 244 Maincentre, Northville MI 48167, United States DESCRIPTION: Provide assistance with accounting and dealing with other 501(c) organizations that may be able to help with our cause 8) WILLIS & MACHNIK FINANCIAL SERVICES, LLC POSITION: Financial Advisor NATURE: DBA used to market business as a Registered Representative of Avantax Investment Services, Inc., Investment Advisor Representative of Avantax Advisor Services and Insurance Agent of Avantax Insurance Services, Inc. INVESTMENT RELATED: Yes NUMBER OF HOURS: 60 SECURITIES TRADING HOURS: 60 START DATE: 02/01/2024 ADDRESS: 400 S. Jackson St, Jackson MI 49201, United States DESCRIPTION: Independent contractor acting as a Registered Representative, Investment Advisor and Insurance Agent. 9) SUCCESSOR TRUSTEE FOR THE MICHAEL J DEMPSEY DESCEDENTS TRUST; FIDUCIARY ROLE; SUCCESSOR TRUSTEE; TRUST; IR; 0; 06/07/2007; Adrian MI 49221; I MONITOR THE MUTUAL FUNDS AND FILE AN ANNUAL TAX RETURN UNTIL THE BENEFICIARIES ARE ENTITLED TO THEIR RESPECTIVE SHARES
CRS (Client Relationship Summary) - RIA
Click below to view Russell Leo Dempsey'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: 1999
Experience
Current
September 5, 2025 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 1881 West Maumee Street, Adrian, MI 49221RIA
CRD#: 105644
ADRIAN, MI
Current
September 5, 2025 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 1881 West Maumee Street, Adrian, MI 49221BD
CRD#: 13572
ADRIAN, MI
Past
October 25, 2019 - September 5, 2025
AVANTAX ADVISORY SERVICES
RIA
CRD#: 104556
ADRIAN, MI
Past
October 25, 2019 - September 5, 2025
AVANTAX INVESTMENT SERVICES, INC.
BD
CRD#: 13686
ADRIAN, MI
Past
April 8, 2010 - October 25, 2019
1ST GLOBAL ADVISORS INC
RIA
CRD#: 111133
ADRIAN, MI
Past
January 3, 2006 - October 25, 2019
1ST GLOBAL CAPITAL CORP.
BD
CRD#: 30349
ADRIAN, MI
Past
December 14, 2001 - January 5, 2006
OSAIC FS, INC.
BD
CRD#: 3870
FORT WAYNE, IN
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
Kentucky(9/5/2025)
RR
Louisiana(9/5/2025)
RR
Michigan(9/5/2025)
IAR
Michigan(9/5/2025)
RR
Minnesota(9/18/2025)
RR
Ohio(9/5/2025)
RR
Washington(10/10/2025)
RR
Wyoming(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
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.
