Desmond D. Clark

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CRD#: 5639333

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Desmond Darice Clark, who also goes by Desmond Clark, Dez Clark, was a registered financial professional .

Desmond is a previously registered financial professional and started their career in finance in 2014. Desmond had worked at 6 firms and has passed the Series 66, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

Desmond Clark | Dez Clark

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 PEOPLE AGENCY, INC.; NON-INVESTMENT RELATED; 5225 OLD ORCHARD RD STE 8 SKOKIE, IL 60077; PROPERTY & CASUALTY INSURANCE SALES; PRINCIPAL; 04/2019; DEVOTE 30 HRS PER MONTH; 15 HRS PER MONTH DEVOTED DURING TRADING HRS.; MANAGE SALES FOR PROPERTY & CASUALTY DIVISION (2) DESMOND CLARK INVESTMENT FROUP,LLC; NOT INVESTMENT RELATED; 7441 JESSAMINE DRIVE, LAKELAND FL 33810; PROFESSIONAL SPEAKING,MOTIVATION SPEAKING/AUTHOR; 11/2018; 3 HRS PER MONTH DEVOTED; 0 HRS PER WEEK DURING TRADING DEVOTED; DELIVER KEYNOTE ADDRESSES TO AUDIENCE. (3) CHICAGO INVESTMENT ADVISORY, INC - DBA

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

January 16, 2020 - July 29, 2022

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

RIA

CRD#: 123243

ST. CHARLES, IL

Past

January 2, 2020 - September 17, 2021

J.W. COLE FINANCIAL, INC.

CRD#: 124583

ST. CHARLES, IL

Past

November 27, 2018 - January 2, 2020

ISC ADVISORS, INC.

RIA

CRD#: 166586

Chicago, IL

Past

November 27, 2018 - January 2, 2020

INSTITUTIONAL SECURITIES CORPORATION

CRD#: 20291

Skokie, IL

Past

February 14, 2017 - November 19, 2018

MML INVESTORS SERVICES, LLC

RIA

CRD#: 10409

CHICAGO, IL

Past

February 10, 2017 - November 19, 2018

MML INVESTORS SERVICES, LLC

CRD#: 10409

CHICAGO, IL

Past

July 23, 2014 - October 20, 2016

MADISON AVENUE SECURITIES, LLC

RIA

CRD#: 23224

SKOKIE, IL

Past

May 13, 2014 - October 20, 2016

MADISON AVENUE SECURITIES, LLC

CRD#: 23224

SKOKIE, IL

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".

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

CRD#: 123243 / SEC#: 801-120969

RIA

Registered Investment Advisory firm - (4/26/2021 Approved)

Illinois

Registered Investment Advisory firm - (6/21/2021 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 66

Date: 7/22/2014

Uniform Combined State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 5/13/2014

General Securities Representative Examination

Current Firm

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

CRD#: 123243 / SEC#: 801-120969

RIA

Registered Investment Advisory firm - (4/26/2021 Approved)

Illinois

Registered Investment Advisory firm - (6/21/2021 Terminated)

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Contact information

Main Address

1601 E. Main Street Suite 1c, St. Charles, IL 60174

Mailing Address

Phone number

(630) 444-1410

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (4 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

FORM ADV PART 2A (4/1/2025)

CIAC SEC FIRM BROCHURE (4/1/2025)

Regulatory assets under management

Total Number of Accounts	1,600
AUM (Assets Under Management)	$ 190,000,000

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.

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Firm Stability Insights

Desmond D. Clark

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

J.W. COLE FINANCIAL, INC.

ISC ADVISORS, INC.

INSTITUTIONAL SECURITIES CORPORATION

MML INVESTORS SERVICES, LLC

MML INVESTORS SERVICES, LLC

MADISON AVENUE SECURITIES, LLC

MADISON AVENUE SECURITIES, LLC

Primary Firm SEC Registration

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

State Registrations and Notice Filings

Exams

Series 66

Date: 7/22/2014

SIE

Date: 10/1/2018

Series 7

Date: 5/13/2014

Current Firm

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

Contact information

SEC notice filing (4 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

CHICAGO INVESTMENT ADVISORY COUNCIL, INC.

TRUST BUT VERIFY

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