DW
David S. Waters
CETERA INVESTMENT ADVISERS LLC
PHILADELPHIA, PA 19106
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CRD#: 734939
DW
Professional summary
David Samuel Waters, AIF®, CFP®, ChFC®, CLU®, who also goes by David S Waters, is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Philadelphia, Pennsylvania and CETERA ADVISORS LLC located in Philadelphia, Pennsylvania.
David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1981. David has worked at 6 firms and has passed the Series 63, Series 52TO, SIE, Series 7, Series 22, Series 6, Series 53 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
David S Waters
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. NAME OF OTHER BUSINESS: PROFESSIONAL PLANNING ASSOCIATES, INC. INVESTMENT RELATED: YES; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: INSURANCE AND FINANCIAL SERVICES; START DATE: 07/1979; POSITION/TITLE/RELATIONSHIP: OWNER / FINANCIAL ADVISOR / AGENT; APX NUMBER OF HOURS PER WEEK: 40; APX NUMBER OF HOURS DURING TRADING HOURS: 32.5; BRIEF DESCRIPTION OF DUTIES: INSURANCE AND FINANCIAL SERVICES; 2. NAME OF OTHER BUSINESS: PROFESSIONAL PLANNING ASSOCIATES; INVESTMENT RELATED: NO; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: TRUSTEE OF COMPANY 401K PLAN; START DATE: 01/2013; POSITION/TITLE/RELATIONSHIP: TRUSTEE; APX NUMBER OF HOURS PER WEEK: LESS THAN 1; APX NUMBER OF HOURS DURING TRADING HOURS: LESS THAN 1; BRIEF DESCRIPTION OF DUTIES: TRUSTEE OF COMPANY 401K PLAN; 3. NAME OF OTHER BUSINESS: FIXED INSURANCE WITH VARIOUS COMPANIES; INVESTMENT RELATED: YES; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: FIXED INSURANCE; START DATE: 04/2019; APX NUMBER OF HOURS PER WEEK: 16; APX NUMBER OF HOURS DURING TRADING HOURS: 16; POSITION/TITLE/RELATIONSHIP: INSURANCE AGENT; BRIEF DESCRIPTION OF DUTIES: SELLS LIFE, HEALTH, DISABILITY, AND LONG TERM CARE; 4.NAME OF OTHER BUSINESS: TRUSTEE FOR FATHERS IRA; INVESTMENT RELATED: NO; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: TRUSTEE FOR FATHERS IRA; START DATE: 03/2018; POSITION/TITLE/RELATIONSHIP: TRUSTEE; APX NUMBER OF HOURS PER WEEK: LESS THAN 1; APX NUMBER OF HOURS DURING TRADING HOURS: LESS THAN 1; BRIEF DESCRIPTION OF DUTIES: TRUSTEE DUTIES; 5. NAME OF OTHER BUSINESS: GREAT OAK FINANCIAL; INVESTMENT RELATED: YES; ADDRESS: 1300 HORIZON DRIVE SUITE 103, CHALFRONT, PA 18914; NATURE OF BUSINESS: INSURANCE; START DATE: 01/2001; POSITION/TITLE/RELATIONSHIP: OWNER / INSURANCE AGENT; APX NUMBER OF HOURS PER WEEK: 40; APX NUMBER OF HOURS DURING TRADING HOURS: 32.5; BRIEF DESCRIPTION OF DUTIES: INDIVIDUAL AND GROUP INSURANCE; 6. NAME OF OTHER BUSINESS: LIFE SETTLEMENT BUSINESS; INVESTMENT RELATED: NO; ADDRESS: SAME AS REGISTERED LOCATION; NATURE OF BUSINESS: LIFE SETTLEMENT; START DATE: 01/2020; APX NUMBER OF HOURS PER WEEK: VARIES; APX NUMBER OF HOURS DURING TRADING HOURS: VARIES; POSITION/TITLE/RELATIONSHIP: INSURANCE AGENT; BRIEF DESCRIPTION OF DUTIES: SELLS LIFE SETTLEMENTS THROUGH WELCOME FUNDS, INC.; 7. NAME OF OTHER BUSINESS: PROFESSIONAL PLANNING ASSOCIATES; INVESTMENT RELATED: NO; ADDRESS: 651 FOUNTAIN RD PLYMOUTH, PA 19462; NATURE OF BUSINESS: SEMINAR; START DATE: 05/2024; POSITION/TITLE/RELATIONSHIP: MODERATOR/SPREAKER; APX NUMBER OF HOURS PER WEEK: LESS THAN 1; APX NUMBER OF HOURS DURING TRADING HOURS: LESS THAN 1; BRIEF DESCRIPTION OF DUTIES: MODERATOR AND SPEAKER FOR CPA CPE SEMINAR; 8. NAME OF OTHER BUSINESS: DAVID S. WATERS, LLC; INVESTMENT RELATED: NO ; ADDRESS: SAME AS RESIDENTIAL LOCATION; NATURE OF BUSINESS: HOLDING COMPANY; START DATE: 01/2024; POSITION/TITLE/RELATIONSHIP: SHAREHOLDER/MEMBER; APX NUMBER OF HOURS PER WEEK: 0; APX NUMBER OF HOURS DURING TRADING HOURS: 0; BRIEF DESCRIPTION OF DUTIES: COMPANY FORMED FOR TAX PURPOSES;
CRS (Client Relationship Summary) - RIA
Click below to view David Samuel Waters'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®
CFP®
Start date: 1988
Experience
Current
March 21, 2024 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 190 N Independence Mall West Suite 602, Philadelphia, PA 19106RIA
CRD#: 105644
PHILADELPHIA, PA
Current
August 31, 2018 - Present
CETERA ADVISORS LLC
Office #1: 190 N Independence Mall West Suite 602, Philadelphia, PA 19106BD
CRD#: 10299
PHILADELPHIA, PA
Past
August 31, 2018 - March 21, 2024
CETERA ADVISORS LLC
RIA
CRD#: 10299
DENVER, CO
Past
October 7, 2015 - September 10, 2018
PRIVATE ADVISOR GROUP, LLC
RIA
CRD#: 155216
Philadelphia, PA
Past
March 25, 2014 - September 11, 2018
LPL FINANCIAL LLC
RIA
CRD#: 6413
PHILADELPHIA, PA
Past
May 19, 2004 - September 11, 2018
LPL FINANCIAL LLC
BD
CRD#: 6413
PHILADELPHIA, PA
Past
March 15, 1993 - May 20, 2004
WS GRIFFITH SECURITIES, INC.
BD
CRD#: 10410
HARTFORD, CT
Past
July 30, 1981 - March 15, 1993
VP DISTRIBUTORS LLC
BD
CRD#: 3036
HARTFORD, CT
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".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)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
Alabama(5/4/2021)
RR
California(8/31/2018)
RR
Colorado(8/31/2018)
RR
Connecticut(8/31/2018)
RR
Delaware(8/31/2018)
RR
Florida(8/31/2018)
RR
Illinois(12/16/2024)
RR
Maryland(8/31/2018)
RR
Massachusetts(8/31/2018)
RR
Mississippi(9/30/2021)
RR
New Hampshire(12/2/2020)
RR
New Jersey(8/31/2018)
RR
New York(8/31/2018)
RR
North Carolina(9/13/2018)
RR
Ohio(4/15/2020)
RR
Pennsylvania(8/31/2018)
IAR
Pennsylvania(3/21/2024)
RR
South Carolina(8/1/2019)
RR
Texas(6/18/2022)
IAR
Texas(3/21/2024)
RR
Virginia(8/31/2018)
RR
Wyoming(10/15/2024)
Exams
State Security Law Exam
General Industry/Product Exam
RR
Series 52TO
Date: 1/2/2023
Municipal Securities Representative ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
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.
