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CFP
DL
CFP

David Lamay

Essex Financial Services, INC.
34 Years of Experience
Essex, CT
1 DisclosureSells Insurance
View SEC Summary
View SEC Summary

David Lamay is a CFP-designated registered investment advisor at Essex Financial Services, INC., based in Essex, CT, with 34 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, High Net Worth, and 3 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
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

Annual investment management fees range from 0.50% to 1.50% based on asset size, complexity, and overall relationship. Fees are negotiable at the firm's discretion.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

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
View Full SEC ReportHow to Read Disclosures
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 7 mos
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
CT
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.
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