DC
Damien M. Cannaday
PRINCIPAL SECURITIES
Lake Elmo, MN 55042
Some features on this profile are disabled
CRD#: 5852225
DC
Professional summary
Damien Michael Cannaday, AIF®, who also goes by Damien Michael Gannaday, is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in Lake Elmo, Minnesota.
Damien is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2010. Damien has worked at 1 firm and has passed the Series 63, SIE and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Damien Michael Gannaday
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.
**OUTSIDE INSURANCE, BROKER, LIFE INSURANCE, GROUP BENEFITS, HEALTH INSURANCE, MEDICAL SUPPLEMENT, LONG TERM CARE INSURANCE AND DISABILITY INCOME INSURANCE **Rental Property; Not Investment Related; Lake Elmo; Owner; owner of multiple rental properties; Start Date: 10/01/2018; 5 hrs per month; 3 during trading hours., 7/18/13. **CANNADAY BLOOM WEALTH & INSURANCE SOLUTIONS POSITION: Cannaday Bloom Wealth & Insurance Solutions NATURE: null INVESTMENT RELATED: Yes NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 01/01/2022 ADDRESS: 8530 Eagle Point Blvd, Suite #125, Lake Elmo MN 55042, United States DESCRIPTION: We set up a DBA, I am 50/50 partners with Holly Bloom. Nothing changed work wise. Business is as usual for that. We are going to have health insurance and group non-med benefits pay directly to our DBA. **FAMILY TINES LLC POSITION: Partner NATURE: Owner/Partner/of LLC/S-Corp/REIT INVESTMENT RELATED: No NUMBER OF HOURS: 0 SECURITIES TRADING HOURS: 0 START DATE: 04/01/2022 ADDRESS: 18631 Knollwood Circle, Lakeville, MN, 55044, Lakeville MN 55044, United States DESCRIPTION: I am buying hunting land with 2 other buddies. We are setting up an LLC for protection against liability. **INSURANCE (Cannaday Wealth Management Inc.) POSITION: Cannaday Wealth Management Inc. NATURE: Null INVESTMENT RELATED: Yes NUMBER OF HOURS: 120 SECURITIES TRADING HOURS: 120 START DATE: 11/01/2024 ADDRESS: 18631 Knollwood Circle, Lakeville MN 55044, United States DESCRIPTION: My accountant recommended that I set up an S-Corp. All of my earnings from Principal will run through the S-Corp to take advantage of tax breaks. There will be no changes to the way business is done except all compensation will run through the S-Corp. **COACH POSITION: Coach NATURE: Coach kids sports teams INVESTMENT RELATED: No NUMBER OF HOURS: 8 SECURITIES TRADING HOURS: 0 START DATE: 12/02/2024 ADDRESS: 18631 Knollwood Circle, Lakeville, MN, 5, Lakeville MN 55044, United States DESCRIPTION: I coach all 3 of my kids in various sporting activities. None of the families of the kids that I coach are clients as of yet. **N/A POSITION: Real estate license NATURE: Real Estate Sales/Broker INVESTMENT RELATED: No NUMBER OF HOURS: 3 SECURITIES TRADING HOURS: 0 START DATE: 05/01/2025 ADDRESS: 18631 Knollwood Circle, Lakeville MN 55044, United States DESCRIPTION: Our CPA recommended getting my real estate license for tax savings in conjunction with our rental real estate that we're already approved for. I would only use the real estate license to purchase more rental properties. This would allow us to take advantage of cost segregation for depreciating real estate costs up front. There would be no solicitation of real estate to anyone else, client or not. **INSURANCE / Cannaday Wealth Management (DBA) POSITION: Owner NATURE: DI/A&H Insurance, Group/Health Insurance, Life Insurance/Annuities, Mutual Funds/Securities/VA/VL INVESTMENT RELATED: Yes NUMBER OF HOURS: 1 SECURITIES TRADING HOURS: 1 START DATE: 08/01/2025 ADDRESS: 18631 Knollwood Cir, Lakeville MN 55044, United States DESCRIPTION: The OBA/DBA was originally set up as just a S-Corp as was recommended by my accountant for tax purposes. This is the new DBA I want to work under as Cannaday Bloom Wealth and Insurance Solutions will be dissolving.
CRS (Client Relationship Summary) - RIA
Click below to view Damien Michael Cannaday's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Damien Michael Cannaday'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®
Experience
Current
January 16, 2014 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Lake Elmo, MN
Current
October 21, 2010 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Lake Elmo, MN
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".
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
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(1/31/2022)
RR
California(7/17/2019)
RR
Colorado(12/18/2020)
RR
District of Columbia(1/13/2021)
RR
Florida(1/14/2013)
RR
Georgia(1/22/2016)
RR
Hawaii(1/31/2022)
RR
Illinois(4/15/2020)
RR
Indiana(7/24/2023)
RR
Iowa(12/2/2010)
RR
Kansas(1/27/2018)
RR
Kentucky(1/4/2024)
RR
Louisiana(6/3/2020)
RR
Massachusetts(11/25/2024)
RR
Michigan(8/29/2024)
RR
Minnesota(11/10/2010)
IAR
Minnesota(1/16/2014)
RR
Missouri(3/26/2025)
RR
Montana(1/27/2018)
RR
Nevada(1/31/2022)
RR
New Hampshire(3/19/2024)
RR
New Mexico(1/31/2022)
RR
New York(5/20/2020)
RR
North Carolina(4/3/2025)
RR
North Dakota(10/25/2024)
RR
Ohio(6/25/2019)
RR
Oklahoma(6/28/2024)
RR
Pennsylvania(5/8/2023)
RR
South Carolina(1/26/2023)
RR
South Dakota(1/26/2022)
RR
Texas(9/11/2015)
IAR
Texas(3/8/2021)
RR
Vermont(8/20/2025)
RR
Washington(4/22/2025)
RR
Wisconsin(10/8/2015)
RR
Wyoming(12/22/2023)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
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Contact information
Main Address
711 High Street, Des Moines, IA 50392
Mailing Address
Principal Financial Group 711 High Street, Des Moines, IA 50392-2080
Phone number
(888) 774-6267
Established
Iowa since 05/01/1968
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
1,436
SEC notice filing (51 States and Territories)
FINRA licenses (52 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | |
| AGRAWAL, VIVEK | DIRECTOR | 8050381 |
| CLAIRE, CHAD THOMAS | CHIEF INFORMATION OFFICER | 7219218 |
| DROGAN, THOMAS JOHN | CHIEF COMPLIANCE OFFICER | 2760482 |
| FRIEDRICH, AMY CHRISTINE | DIRECTOR | 7097797 |
| LAWLER, CODY ANTHONY | HEAD OF SUPERVISION, HEAD OF OPERATIONS | 5162072 |
| MCCULLUM, KENNETH ALLEN | DIRECTOR | 4695257 |
| MURRAY, MICHAEL FRANCIS | PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR | 2074275 |
| RANTS, DOUGLAS JOHN | CHIEF INFORMATION SECURITY OFFICER | 7148529 |
| ROBERTS, DAWN MARIE | CHIEF FINANCIAL OFFICER | 7929617 |
| SCHELHAAS, NATHAN PAUL | DIRECTOR | 7275495 |
| SPADAFORA, CRAIG ALAN | SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM | 3184320 |
| VANWINKLE, DANIEL SIMON | PSI AML OFFICER | 4715191 |
Regulatory assets under management
| Total Number of Accounts | 63,730 |
| AUM (Assets Under Management) | $ 14,827,718,110 |
Disclosures
| Regulatory Event | 9 |
| Arbitration | 3 |
| Bond | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 09/26/2025 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
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.
