Adam Kay
Adam Kay is a registered investment advisor at LPL Enterprise, LLC, based in Basking Ridge, NJ, with 13 years of industry experience. Adam operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
110 Allen Road, 2nd Floor, Basking Ridge, NJ, 07920
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Regulatory History (4)
Judgment / Lien
March 2024Judgment / Lien
July 2023Judgment / Lien
May 2023Judgment / Lien
July 2019Other Business ActivitiesSells Insurance
Adam is a member of the United States Coast Guard Auxiliary, dedicating minimal time. He is also the President/founder of Kay Financial Solutions, LLC, a DBA for his LPL business, and is involved with Prudential for property and casualty, but spends no time on either.
Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Hornor, Townsend & Kent, INC.Broker
AXA Advisors, LLC
AXA Advisors, LLCBroker
State Registrations9 states
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.