Paladin Research Report For:
Kenneth Nelson
Nelson Wealth Advisors
About Kenneth Nelson
Ken Nelson started in the investment industry in Manhattan immediately after the crash of 1987. He earned an Engineering degree from Tufts University and has very strong quantitative skills as evidenced by his perfect Math SAT score, and State Chess Championship. He became a branch manager of a major brokerage firm at age 26, one of the youngest in his firms history.
Ken has provided economic commentary on TV and radio since 1990. He can be heard in the Triangle on 680AM.
Ken earned his MBA (3.9 GPA) from Duke University in 2001. At graduation, Ken was asked by his Professors to return and guest lecture. Ken has guest lectured at Duke in the MBA program and Olli Program. Prior to the Covid pandemic in 2020, Ken taught a class on "The History of Money and Financial Markets" in the Olli Program. He is in the process of turning his course into a book.
Ken has utilized Duke, UNC,and NC State Phd candidates, Masters candidates and undergraduates as interns since 1991. They help Ken with his academic research in the financial markets.
Ken and his fiance' have 10 children and 6 grandchildren. Ken coached boys and girls soccer at the recreational, Challenge and Classic level periodically from 1992 - 2012 (mostly with CASL). Ken loves soccer, chess, skiing, history, and investments. While Ken has 35 years in the industry, he hopes to work 35 more. His investment practice is a family affair. His fiance' and son also work in the investment practice.
General Information
Firm Start Year
- 1987
CRD#
- 1780923
Firm CRD#
- 30613
Insurance License#
- North Carolina #1710875
Name of Broker/Dealer
- Cetera Advisors LLC
Name of Custodial Firm
- Pershing, LLC
States Licensed in
- CA, CO, FL, MI, MO, NV, NY, NC, PA, SC, TN, TX, VA, WA
Years of Experience in Financial Services
- 35
Number of Years with Current Firm
- 15
Work Experience
- In October 1987, the stock market crashed. With equity valuations so low, I decided to leave commercial real estate and enter the brokerage business. By December 1987, I had passed the series 7 exam and was working as a broker in
midtown Manhattan. After learning the business in New York City, I decided to move to the Raleigh area where my
Uncle was a NC State professor.
Starting in the 1960's, my family has migrated from the New York area to North Carolina. I joined Interstate Securities. They later merged with Johnson Lane to become Interstate Johnson Lane (IJL). Later Wachovia Bank acquired IJL, and we became Wachovia Securities. At IJL, I was one of the youngest branch managers in the firm's history (age 26). I stayed with that firm for 13 years. During that time, I provided market commentary on TV (the local NBC TV affiliate), and also on radio (WPTF 680 AM).
I've always valued education. When I was 33, I went to Duke University's Fuqua School of Business. I earned an MBA, and finished in the top of the class. At the graduation ceremony, 2 of my professors asked me to come back and guest lecture. I've guest lectured in 5 different MBA classes since graduation.
At Duke, I was one of our elected class leaders. I've stayed active since then including a stint as President of Duke's largest alumni association with 17,000 members in my chapter. I've also earned a Chartered Retirement Planning Counselor (CRPC) designation, and a Chartered Retirement Plans Specialist (CRPS) designation from the College for Financial Planning. While attending Duke, I founded Nelson Wealth Advisors. At first our financial planning and investment consulting group was housed at a major brokerage firm.
In 2005, we decided to go independent. Independence has given us a great deal of flexibility to structure our practice more cost efficiently, and has expanded the range of investment options we've been able to offer our clients.
Work with the following types of clients
- Non-Profit Organizations, Individual Investors, Businesses
Compliance
Registered Representative
- Yes
Investment Advisor Representative
- Yes
Acknowledged fiduciary
- Yes
Compliance Disclosures in Last 5 years
- I have a clean record
Criminal Disclosures in Last 5 years
- I have a clean record
Qualifications & Membership
Certifications, Accreditations & Designations
- CRPS®, AIF®, CRPC®, AIFA®
Securities Licenses
- Series 7, Series 9, Series 10, Series 24, Series 63, Series 65
Insurance and Annuity Licenses
- Variable Life, Long Term Care, Variable Annuity, Life, Annuity
Non-Financial Organization Memberships
- Capital Area Soccer League. I've coached Classic, Challenge, and Rec soccer. I've taken teams to tournaments throughout the US and Europe. Duke Alumni Association - Past President Triangle Chapter Chapel Hill Chamber of Commerce - Past President of the Welcoming Committee Wood Valley Home Owners Association - Past Vice President
Compensation and Fees
Fee Structure
- Fee-Based
Minimum Portfolio Size for New Managed Accounts
- $1M and up
Compensation Methods
- Based on Assets, Hourly, Flat Fee, Commissions
Fee % Based on Assets
- varies
Flat Fee Rate
- varies
Additional Details on Charges
- We have complete flexibility in our billing. If a client prefers, we can bill on a fee only basis. However, some investments pay brokers of record a fee to be listed as broker of record. We can use these fees to offset charges if the client prefers. We can work, fee based, commission based, or some combination of the two. The client can choose what is best for them.
Minimum Fee Charged for Managed Accounts
- none
Minimum Fee Charged for Hourly Planning Accounts
- none
Minimum Fee Charged for Flat Fee Accounts
- none
Education
B.S. Engineering - Engineering
Tufts University
1983 - 1987
MBA -
Duke University Fuqua School of Business
2000 - 2001
Disclosures
PaladinRegistry.com provides referrals to financial professionals. PaladinRegistry.com is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for PaladinRegistry.com to make these referrals, resulting in a conflict of interest.
Additional Detailed Disclosures
https://www.paladinregistry.com/disclosure/1822070/paladinregistry-Nelson-Wealth-Advisors-detailed-disclosure.html
Disclaimer
Securities and advisory services are offered through Cetera Advisors LLC, member FINRA/SIPC, a broker-dealer and registered investment advisor. Cetera is under separate ownership from any other named entity.
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