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Kenneth Lance Reese

Kenneth Lance Reese

CFP®, ChFC®, CLU®, CPWA®
BDFS CAPITAL
REHOBOTH BEACH, DE
·CRD# 5929688·15 years experience

Professional Summary

Kenneth Lance Reese, CFP®, ChFC®, CLU®, CPWA®, who also goes by Kenneth L Reese, is a registered financial advisor currently at BDFS CAPITAL LLC located in Rehoboth Beach, Delaware and THE LEADERS GROUP, INC. located in Summit, New Jersey. Kenneth is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2011. Kenneth has worked at 5 firms and has passed the Series 66, SIE and Series...

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

Kenneth L Reese

Blog Corner

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

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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Credentials

CFP®
Certified Financial PlannerSince 2013
ChFC®
Chartered Financial Consultant
CLU®
Chartered Life Underwriter
CPWA®
Certified Private Wealth AdvisorValid 2021-12-06 ~ 2023-11-30

Years of Experience

15 years in the financial services industry

Current & Past Employments

BDFS CAPITAL LLC·CRD# 287680
RIA
19409 Plantation Rd Bldg. 2 Unit 1, Rehoboth Beach, DE 19971
July 17, 2017 - Present
THE LEADERS GROUP, INC.·CRD# 37157
BD
475 Springfield Ave, Summit, NJ 07901
April 19, 2022 - Present
M. S. HOWELLS & CO.·CRD# 104100
BD
Rehoboth Beach, DE
July 17, 2017 - May 2, 2022
LPL FINANCIAL LLC·CRD# 6413
RIA
Milford, DE
November 14, 2014 - July 25, 2017
LPL FINANCIAL LLC·CRD# 6413
BD
Milford, DE
November 14, 2014 - July 25, 2017
PARK AVENUE SECURITIES LLC·CRD# 46173
RIA
Lancaster, PA
July 28, 2011 - November 26, 2014
PARK AVENUE SECURITIES LLC·CRD# 46173
BD
Lancaster, PA
June 21, 2011 - November 26, 2014

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Current Firm

BC
BDFS CAPITAL LLC

BDFS CAPITAL LLC

CRD#: 287680 / SEC#: 801-120724
RIA
Registered Investment Advisory firm - SEC (4/5/2021 Approved)
Delaware
Registered Investment Advisory firm - Delaware (5/27/2022 Terminated)
Maryland
Registered Investment Advisory firm - Maryland (5/25/2021 Terminated)
Pennsylvania
Registered Investment Advisory firm - Pennsylvania (5/20/2021 Terminated)
Texas
Registered Investment Advisory firm - Texas (2/3/2023 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).

Contact Information

Main Address

19409 Plantation Rd Bldg. 2 Unit 1, Rehoboth Beach, DE 19971

Phone Number

(302) 265-2236

# of Employees

7

SEC notice filing (9 States and Territories)

Registered to provide investment advisory services in 9 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

ADV WRAP BROCHURE - BDFS CAPITAL LLC (1/30/2026)

Regulatory Assets Under Management

Total Number of Accounts

1,743

AUM (Assets Under Management)

$411,329,570

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Other business activities

Information obtained from regulatory filings. Advisors can request corrections through their firm or regulator.

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.) BLACK DIAMOND FINANCIAL SOLUTIONS - 7/1/2020 - 19409 Plantation Road, Bldg 2, Unit 1, Rehoboth Beach, DE 19971 - Financial Advisor/Partner, Create and monitor financial plans and investments, Invt Rel, Financial business,160 hrs/mo; 40 hrs/mo (during trading hours). 2.) INSURANCE SALES - 1/1/2013 - 19409 Plantation Road, Bldg 2, Unit 1, Rehoboth Beach, DE 19971 - Advisor, Adding insurance in context of financial plan, Not Invt Rel, Insurance business, 5 hrs/mo; 5 hrs/mo (during trading hours). 3.) BDFS CAPITAL LLC - 5/1/2017 - 19409 Plantation Road, Bldg 2, Unit 1, Rehoboth Beach, DE 19971 - IAR, Invt Rel, RA business, 40 hrs/mo; 0 hrs/mo (during trading hours).

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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".
BC
BDFS CAPITAL LLC

BDFS CAPITAL LLC

CRD#: 287680 / SEC#: 801-120724
RIA
Registered Investment Advisory firm - SEC (4/5/2021 Approved)
Delaware
Registered Investment Advisory firm - Delaware (5/27/2022 Terminated)
Maryland
Registered Investment Advisory firm - Maryland (5/25/2021 Terminated)
Pennsylvania
Registered Investment Advisory firm - Pennsylvania (5/20/2021 Terminated)
Texas
Registered Investment Advisory firm - Texas (2/3/2023 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.
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 securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
IAR
Delaware
(7/17/2017)
RR
Delaware
(4/19/2022)
RR
Maryland
(4/19/2022)
RR
New York
(4/19/2022)
IAR
Pennsylvania
(8/1/2017)
IAR
Texas
(3/22/2019)

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.Note:This rule does not apply to broker-dealer activity.

Exams

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 66 — Uniform Combined State Law Examination

Passed Jul 2011About the Series 66 exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Jun 2011About the Series 7 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view Kenneth Lance Reese's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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Kenneth Lance Reese
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