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BC
ChFC
BC
ChFC

Buna Cumbie

Park Avenue Securities LLC
57 Years of Experience
Columbia, MD
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Buna Cumbie is a ChFC-designated registered investment advisor at Park Avenue Securities LLC, based in Columbia, MD, with 57 years of industry experience. Buna is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 82,118 clients with $20B in assets under management.

Park Avenue Securities LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1914 advisors
Number of Clients
82,118 clients
Average Client Portfolio
$238K average
Assets Under Management
$19.6B

Fee Structure

Minimum Investment:$5K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K2.05%
$500K - $1000K2.00%
$1.0M - $2.0M1.95%
$2M+1.90%

Schedule reflects the maximum client fee for the Park Avenue Portfolio Select program. Other wrap fee and third-party programs have varying fee schedules with advisor fees ranging from 0.50% to 1.75% plus platform and manager fees.

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

Location

9891 Broken Land Pkwy, Suite 103, Columbia, MD, 21046

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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
July 2006
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Buna occasionally sells insurance policies with companies other than Guardian, dedicating minimal time to this activity since 1987. She also serves as power of attorney for her spouse, which requires no time and provides no compensation.

Employment History
Current Registrations
Park Avenue Securities LLC
January 2001 - Present · 25 yrs 9 mos
Park Avenue Securities LLCBroker
May 1999 - Present · 27 yrs 5 mos
Previous Registrations
Guardian Investor Services CorporationBroker
March 1989 - May 1999 · 10 yrs 2 mos
Southmark Financial Services, INC.Broker
July 1987 - February 1989 · 1 yr 7 mos
Pw Securities, INC.Broker
January 1984 - July 1987 · 3 yrs 6 mos
Cardell & Associates, IncorporatedBroker
March 1981 - December 1983 · 2 yrs 9 mos
Independent Financial Planners CorporationBroker
May 1978 - May 1981 · 3 yrs
Phoenix Equity Planning CorporationBroker
April 1969 - July 1978 · 9 yrs 3 mos
State Registrations17 states
ALCACODCFLGAMAMDMNNCNJOHPASCVAWIWV
AdvisorBrokerBoth

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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