Kenneth L. Reese

BDFS CAPITAL LLC

REHOBOTH BEACH, DE 19971

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CRD#: 5929688

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 7 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Kenneth L Reese

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.) 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).

Blog Corner

CRS (Client Relationship Summary) - RIA

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

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^®

Certified Financial Planner

Start date: 2013

ChFC^®

Chartered Financial Consultant

CLU^®

Chartered Life Underwriter

CPWA^®

Certified Private Wealth Advisor

Start date: 2021-12-06

Expire date: 2023-11-30

Experience

Current

July 17, 2017 - Present

BDFS CAPITAL LLC

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

RIA

CRD#: 287680

REHOBOTH BEACH, DE

Current

April 19, 2022 - Present

THE LEADERS GROUP, INC.

Office #1: 475 Springfield Ave, Summit, NJ 07901

CRD#: 37157

SUMMIT, NJ

Past

July 17, 2017 - May 2, 2022

M. S. HOWELLS & CO.

CRD#: 104100

REHOBOTH BEACH, DE

Past

November 14, 2014 - July 25, 2017

LPL FINANCIAL LLC

RIA

CRD#: 6413

MILFORD, DE

Past

November 14, 2014 - July 25, 2017

LPL FINANCIAL LLC

CRD#: 6413

MILFORD, DE

Past

July 28, 2011 - November 26, 2014

PARK AVENUE SECURITIES LLC

RIA

CRD#: 46173

LANCASTER, PA

Past

June 21, 2011 - November 26, 2014

PARK AVENUE SECURITIES LLC

CRD#: 46173

LANCASTER, PA

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".

BDFS CAPITAL LLC

CRD#: 287680 / SEC#: 801-120724

RIA

Registered Investment Advisory firm - (4/5/2021 Approved)

Delaware

Registered Investment Advisory firm - (5/27/2022 Terminated)

Maryland

Registered Investment Advisory firm - (5/25/2021 Terminated)

Pennsylvania

Registered Investment Advisory firm - (5/20/2021 Terminated)

Texas

Registered Investment Advisory firm - (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.

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

IAR

Delaware
(7/17/2017)

Delaware
(4/19/2022)

Maryland
(4/19/2022)

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

State Security Law Exam

IAR

Series 66

Date: 7/14/2011

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: 6/20/2011

General Securities Representative Examination

SRO Registrations

FINRA

Current Firm

BDFS CAPITAL LLC

CRD#: 287680 / SEC#: 801-120724

RIA

Registered Investment Advisory firm - (4/5/2021 Approved)

Delaware

Registered Investment Advisory firm - (5/27/2022 Terminated)

Maryland

Registered Investment Advisory firm - (5/25/2021 Terminated)

Pennsylvania

Registered Investment Advisory firm - (5/20/2021 Terminated)

Texas

Registered Investment Advisory firm - (2/3/2023 Terminated)

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Contact information

Main Address

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

Mailing Address

Phone number

(302) 265-2236

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (9 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV WRAP BROCHURE - BDFS CAPITAL LLC (1/28/2025)

ADV PART 2A-BDFS CAPITAL LLC (1/28/2025)

Regulatory assets under management

Total Number of Accounts	1,653
AUM (Assets Under Management)	$ 325,153,356

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

Kenneth L. Reese

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

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

Certified licenses

Experience

THE LEADERS GROUP, INC.

M. S. HOWELLS & CO.

LPL FINANCIAL LLC

LPL FINANCIAL LLC

PARK AVENUE SECURITIES LLC

PARK AVENUE SECURITIES LLC

Primary Firm SEC Registration

BDFS CAPITAL LLC

State Registrations and Notice Filings

Exams

Series 66

Date: 7/14/2011

SIE

Date: 10/1/2018

Series 7

Date: 6/20/2011

FINRA

Current Firm

BDFS CAPITAL LLC

Contact information

SEC notice filing (9 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

BDFS CAPITAL LLC

TRUST BUT VERIFY

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