Devaron M. Yates
WEALTH DEVELOPMENT STRATEGIES INVESTMENT ADVISORY
Houston, TX 77027
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CRD#: 4879286
Professional summary
Devaron Maurius Yates, CFP®, who also goes by Devaron Yates, is a registered financial advisor currently at WEALTH DEVELOPMENT STRATEGIES INVESTMENT ADVISORY, INC. located in Houston, Texas and VALMARK ADVISERS, INC. located in Houston, Texas.
Devaron is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2004. Devaron has worked at 7 firms and has passed the Series 66, Series 63, SIE, Series 7, Series 6, Series 24, Series 51 and Series 26 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Devaron Yates
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.) INSURANCE BROKERAGE | INVESTMENT RELATED: YES | DBA NAME: WEALTH DEVELOPMENT STRATEGIES | POSITION HELD: OTHER - MANAGING PARTNER | ADDRESS: 8 Greenway Plaza, Suite 1025, HOUSTON, TX 77046 | START DATE:3/29/2019 | NATURE OF ACTIVITY: LIFE INSURANCE BROKERAGE | APPROX HRS PER MTH: 101-140 HRS | APPROX TRADING HRS PER MTH: 101-140 HRS | DESCRIPTION OF DUTIES: MANAGING PARTNER SUPERVISE & DEVELOP SALES AND SERVICE OF BROKERAGE, ADVISORY, LIFE, ACCIDENT, HEALTH/LTC AND ANNUITY CLIENT ACCOUNTS.//// 2.) FEE BASED PLANNING | INVESTMENT RELATED: YES | DBA NAME: WEALTH DEVELOPMENT STRATEGIES INVESTMENT ADVISORY, INC. | POSITION HELD: OTHER - REGISTERED AGENT | ADDRESS: 8 Greenway Plaza, Suite 1025, HOUSTON, TX 77046 | START DATE: 3/29/2019 | NATURE OF ACTIVITY: INVESTMENT ADVISORY SERVICES | APPROX HRS PER MTH: 41-100 HRS | APPROX TRADING HRS PER MTH: 41-100 HRS | DESCRIPTION OF DUTIES: ENTITY WAS REREGISTERED FOR REGISTERED AGENT BEING CHANGED WITH STATE OF TX.//// 3.) RENTAL PROPERTY OWNER | INVESTMENT RELATED: NO | DBA NAME: | POSITION HELD: PROPRIETOR/OWNER |ADDRESS: 315 21ST ST., VIRGINIA BEACH, VA 23451| START DATE: 12/3/2018 | NATURE OF ACTIVITY: RENTAL PROPERTY OWNER | APPROX HRS PER MTH: LESS THAN 10 | APPROX TRADING HRS PER MTH: LESS THAN 10 | DESCRIPTION OF DUTIES: LANDLORD OF VACATION RENTAL OF TIMESHARE PROPERTY; RENTAL ACTIVITY.///// 4.) Valmark Member Advisory Board; Board Member; NOT Investment Related: Start date 10/2022; Approximately 1-5 hrs. per month; Annual Compensation $3,000./// 5.) American Leadership Forum; 1801 Main Street Ste. 910, Houston, TX 77002; Board of Director, Review and set the responsibilities of the ALF President, Monitor finances and ensure adequate oversight function; NOT Investment Related; Start Date 01/30/2024; Approximately 6-10 hrs. per month./// 6.) Wealth Development Strategies; 3555 Timmons Ln., Suite 910, Houston, TX 7702; Speaking educational workshop and seminars relating to financial topics ; President; Financial planning services; YES Investment Related; Start Date 05/03/2025; Company Owner; Approximately 1-5 hrs. per month; payment for workshop presentation.///
CRS (Client Relationship Summary) - RIA
Click below to view Devaron Maurius Yates'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: 2017
Experience
Current
February 27, 2016 - Present
WEALTH DEVELOPMENT STRATEGIES INVESTMENT ADVISORY, INC.
Office #1: 3555 Timmons Lane Suite 910, Houston, TX 77027RIA
CRD#: 119127
Houston, TX
Current
August 31, 2021 - Present
VALMARK ADVISERS, INC.
Office #1: 3555 Timmons Ln, Suite 910, Houston, TX 77027RIA
CRD#: 108050
Houston, TX
Current
August 31, 2021 - Present
VALMARK SECURITIES, INC.
Office #1: 3555 Timmons Lane Suite 910, Houston, TX 77027BD
CRD#: 31243
Houston, TX
Past
September 21, 2015 - August 31, 2021
HORNOR, TOWNSEND & KENT, LLC
RIA
CRD#: 4031
HOUSTON, TX
Past
September 1, 2015 - August 31, 2021
HORNOR, TOWNSEND & KENT, LLC
BD
CRD#: 4031
HOUSTON, TX
Past
December 11, 2013 - September 8, 2015
WADDELL & REED
RIA
CRD#: 866
HOUSTON, TX
Past
December 11, 2013 - September 8, 2015
WADDELL & REED
BD
CRD#: 866
HOUSTON, TX
Past
May 8, 2013 - December 10, 2013
FORESTERS ADVISORY SERVICES, LLC
RIA
CRD#: 164663
HOUSTON, TX
Past
November 23, 2004 - December 10, 2013
FORESTERS FINANCIAL SERVICES, INC.
BD
CRD#: 305
HOUSTON, TX
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".
VA
VALMARK ADVISERS, INC.
VALMARK ADVISERS INC | VALMARK ADVISERS, INC.
CRD#: 108050 / SEC#: 801-55564
RIA
Registered Investment Advisory firm - (5/29/1998 Approved)Wyoming
Registered Investment Advisory firm - (8/11/2017 Terminated)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(8/31/2021)
IAR
Arizona(9/22/2021)
RR
California(8/31/2021)
IAR
California(9/17/2021)
RR
Colorado(6/20/2022)
RR
District of Columbia(8/31/2021)
IAR
District of Columbia(1/18/2022)
RR
Florida(8/31/2021)
RR
Georgia(8/31/2021)
IAR
Illinois(11/11/2021)
RR
Kentucky(8/31/2021)
RR
Louisiana(8/31/2021)
IAR
Louisiana(9/17/2021)
RR
Maryland(8/31/2021)
IAR
Maryland(9/17/2021)
RR
Massachusetts(1/6/2023)
RR
Mississippi(8/31/2021)
RR
Nebraska(8/31/2021)
IAR
Nebraska(10/28/2021)
RR
New York(8/31/2021)
IAR
New York(11/11/2021)
IAR
Ohio(12/19/2022)
RR
Oklahoma(8/31/2021)
RR
Oregon(7/31/2023)
RR
Pennsylvania(8/31/2021)
RR
South Carolina(8/31/2021)
IAR
South Carolina(9/17/2021)
IAR
Texas(2/27/2016)
RR
Texas(8/31/2021)
RR
Utah(2/15/2022)
RR
Virginia(8/31/2021)
IAR
Virginia(9/16/2021)
RR
Washington(7/31/2023)
RR
West Virginia(8/31/2021)
IAR
West Virginia(5/29/2024)
RR
Wisconsin(8/31/2021)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
VA
VALMARK ADVISERS, INC.
VALMARK ADVISERS INC | VALMARK ADVISERS, INC.
CRD#: 108050 / SEC#: 801-55564
RIA
Registered Investment Advisory firm - (5/29/1998 Approved)Wyoming
Registered Investment Advisory firm - (8/11/2017 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
130 Springside Drive Suite 300, Akron, OH 44333
Mailing Address
Phone number
(800) 765-5201
Established
Firm type
Fiscal year end
# of Employees
275
SEC notice filing (52 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 19,096 |
| AUM (Assets Under Management) | $ 8,379,181,235 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
