James R. Clay

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CRD#: 5748560

Professional summary

James Randall Clay was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

James is a previously registered financial professional and started their career in finance in 2010. Prior to being barred, James had worked at 3 firms, which includes CUSO FINANCIAL SERVICES L.P., U.S. BANCORP INVESTMENTS INC., EDWARD JONES.

Question & Answer

Are you a "fiduciary"?

Aliases

James Clay | Jimmy Clay

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.

The advisor shows no other business activity.

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

February 4, 2014 - July 7, 2017

CUSO FINANCIAL SERVICES, L.P.

RIA

CRD#: 42132

CLARKSVILLE, TN

Past

February 4, 2014 - July 7, 2017

CUSO FINANCIAL SERVICES, L.P.

CRD#: 42132

CLARKSVILLE, TN

Past

August 24, 2012 - January 13, 2014

U.S. BANCORP INVESTMENTS, INC.

RIA

CRD#: 17868

CLARKSVILLE, TN

Past

August 24, 2012 - January 13, 2014

U.S. BANCORP INVESTMENTS, INC.

CRD#: 17868

CLARKSVILLE, TN

Past

March 9, 2010 - August 27, 2012

EDWARD JONES

RIA

CRD#: 250

CLARKSVILLE, TN

Past

February 19, 2010 - August 27, 2012

EDWARD JONES

CRD#: 250

CLARKSVILLE, TN

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".

CUSO FINANCIAL SERVICES, L.P.

CUSO FINANCIAL SERVICES | CUSO FINANCIAL SERVICES, LTD. | CUSO FINANCIAL SERVICES, L.P.

CRD#: 42132 / SEC#: 801-60300, 8-49711

RIA

Registered Investment Advisory firm - SEC (5/31/2001 Approved)

Alaska

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

California

Registered Investment Advisory firm - SEC (5/31/2001 Terminated)

Colorado

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Florida

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Indiana

Registered Investment Advisory firm - SEC (11/8/2001 Terminated)

Louisiana

Registered Investment Advisory firm - SEC (10/2/2001 Terminated)

Maryland

Registered Investment Advisory firm - SEC (6/11/2001 Terminated)

Michigan

Registered Investment Advisory firm - SEC (12/4/2001 Terminated)

Minnesota

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Missouri

Registered Investment Advisory firm - SEC (5/31/2001 Terminated)

Nevada

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

New Jersey

Registered Investment Advisory firm - SEC (10/12/2006 Terminated)

New Mexico

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

North Carolina

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Ohio

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Tennessee

Registered Investment Advisory firm - SEC (7/6/2001 Terminated)

Texas

Registered Investment Advisory firm - SEC (7/12/2001 Terminated)

Virginia

Registered Investment Advisory firm - SEC (6/7/2001 Terminated)

Washington

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Wisconsin

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Broker-Dealer Firm Regulated by FINRA (Los Angeles district office)

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: 3/5/2010

Uniform Combined State Law Examination

General Industry/Product Exam

SIE

Date: 7/7/2017

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 2/18/2010

General Securities Representative Examination

Current Firm

CUSO FINANCIAL SERVICES, L.P.

CUSO FINANCIAL SERVICES | CUSO FINANCIAL SERVICES, LTD. | CUSO FINANCIAL SERVICES, L.P.

CRD#: 42132 / SEC#: 801-60300, 8-49711

RIA

Registered Investment Advisory firm - SEC (5/31/2001 Approved)

Alaska

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

California

Registered Investment Advisory firm - SEC (5/31/2001 Terminated)

Colorado

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Florida

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Indiana

Registered Investment Advisory firm - SEC (11/8/2001 Terminated)

Louisiana

Registered Investment Advisory firm - SEC (10/2/2001 Terminated)

Maryland

Registered Investment Advisory firm - SEC (6/11/2001 Terminated)

Michigan

Registered Investment Advisory firm - SEC (12/4/2001 Terminated)

Minnesota

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Missouri

Registered Investment Advisory firm - SEC (5/31/2001 Terminated)

Nevada

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

New Jersey

Registered Investment Advisory firm - SEC (10/12/2006 Terminated)

New Mexico

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

North Carolina

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Ohio

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Tennessee

Registered Investment Advisory firm - SEC (7/6/2001 Terminated)

Texas

Registered Investment Advisory firm - SEC (7/12/2001 Terminated)

Virginia

Registered Investment Advisory firm - SEC (6/7/2001 Terminated)

Washington

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Wisconsin

Registered Investment Advisory firm - SEC (6/6/2001 Terminated)

Broker-Dealer Firm Regulated by FINRA (Los Angeles district office)

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Contact information

Main Address

10150 Meanley Drive 1st Floor 1st Floor, San Diego, CA, 92131

Mailing Address

10150 Meanley Drive 1st Floor, San Diego, CA, 92131

Phone number

(858) 530-4400

Established

California since 11/07/1996

Firm type

Partnership

Fiscal year end

December

Firm Size

Small

# of Employees

791

SEC notice filing (53 States and Territories)

FINRA licenses (6 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

CUSO FINANCIAL WRAP FEE PROGRAM BROCHURE MARCH 2025 (3/28/2025)

CFS FORM ADV PART 2A BROCHURE MARCH 2025 (3/28/2025)

Direct owners and executive officers

Name	Position	CRD#
AWS 3, INC.	LIMITED PARTNER
AWS 1, LLC	GENERAL PARTNER
HAWLEY, AMANDA CANDELMO	CORPORATE SECRETARY	3214453
MADURSKI, ANGELA JILL	FINOP
SIMONSON, MARY KATHRYN	ADVISORY CHIEF COMPLIANCE OFFICER	1297398
SIMONSON, MARY KATHRYN	CHIEF COMPLIANCE OFFICER	1297398

Regulatory assets under management

Total Number of Accounts	29,354
AUM (Assets Under Management)	$ 5,378,345,125

Disclosures

Regulatory Event

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
09/27/2024	Cover Page	Report
01/10/2024	Cover Page	Report
12/14/2022	Cover Page	Report

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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Advisor Monitoring

Firm Stability Insights

James R. Clay

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

CUSO FINANCIAL SERVICES, L.P.

U.S. BANCORP INVESTMENTS, INC.

U.S. BANCORP INVESTMENTS, INC.

EDWARD JONES

EDWARD JONES

Primary Firm SEC Registration

CUSO FINANCIAL SERVICES, L.P.

State Registrations and Notice Filings

Exams

Series 66

Date: 3/5/2010

SIE

Date: 7/7/2017

Series 7

Date: 2/18/2010

Current Firm

CUSO FINANCIAL SERVICES, L.P.

Contact information

SEC notice filing (53 States and Territories)

FINRA licenses (6 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Accountant surprise examination report

Red Flags

Company Information

CUSO FINANCIAL SERVICES, L.P.

TRUST BUT VERIFY

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