CFP

David Lamay

33 Years of Experience

1 DisclosureSells Insurance

David Lamay is a CFP-designated registered investment advisor at Essex Financial Services, INC., based in Essex, CT, with 33 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Insurance Planning, Investment Management, and 1 more. Their firm serves 2,963 clients with $4.2B in assets under management.

Essex Financial Services, INC.

Compensation

Fee-Only (% of Portfolio)Fixed/Hourly

Firm Size

33 advisors

Number of Clients

2,963 clients

Average Client Portfolio

$1.4M average

Assets Under Management

$4.2B

Fee Structure

Minimum Investment:$250K

Planning is included in investment management (also available separately)

Essex Financial charges a percentage of your portfolio annually for wealth management services. The exact percentage ranges from 0.50% to 1.50% depending on the complexity of your situation, the amount you invest, and your overall relationship with Essex Financial. Fees are paid quarterly in advance. Additional fees are charged for third-party managed account programs, not to exceed 2.00% in total.

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Location

176 Westbrook Road, Essex, CT, 06426

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History

Regulatory History (1)

What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.

Customer Dispute

November 2011

Settled

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Other Business ActivitiesSells Insurance

David is an insurance agent for Essex Financial Services Inc, selling life insurance and fixed annuities, dedicating minimal time to this. He is also an adjunct professor of finance at Central CT State University (about a quarter of his time), an EMT (about a quarter of his time), and a marine operator for the Old Saybrook Police Department (about 10-20% of his time).

Employment History

Current Registrations

Essex Financial Services, INC.

March 2010 - Present · 16 yrs 1 mo

Previous Registrations

The Leaders Group, INC.Broker

June 2021 - July 2021 · 1 mo

Essex Financial Services, INC.Broker

March 2010 - June 2021 · 11 yrs 3 mos

Strategic Advisers, INC.

January 2000 - March 2010 · 10 yrs 2 mos

Fidelity Brokerage Services LLCBroker

November 1999 - March 2010 · 10 yrs 4 mos

Aetna Financial Services, INC.Broker

January 1999 - July 1999 · 6 mos

Aetna Investment Services, INC.Broker

November 1995 - July 1999 · 3 yrs 8 mos

Mds Securities IncorporatedBroker

May 1994 - October 1995 · 1 yr 5 mos

Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker

December 1991 - May 1994 · 2 yrs 5 mos

State Registrations1 state

Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams

No exam information available for this advisor.