Ray Stephens
Advisor at Cetera
Updated today
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Location
Lamesa, TX 79331
Credentials
Series 66
Industry experience
21 years
About
Ray Stephens is a financial advisor with Cetera, holding a Series 66 designation and 21 years of industry experience. He has worked at Avantax Investment Services and 1st Global Advisors, among other firms, and also serves as a CPA and shareholder at Stephens, Stephens, & Telchik, PC. Outside of financial advising, Stephens is president of S & C Oil Co, a wholesale and retail fuel distributor, and is involved in family farm partnerships. Cetera Investment Advisers serves a diverse client base including individuals, high-net-worth clients, institutions, and retirement plans through a network of independent advisors. The firm offers a range of portfolio management, financial planning, and fiduciary services, utilizing advisor-managed accounts, model portfolios, and third-party solutions.
Client services
Based on Cetera
Financial planning
Portfolio management
Pension consulting
Selection of other advisers
Educational seminars or workshops
Expertise
Based on Cetera
Wealth management
Tax-loss harvesting
Retirement plans for business owners (SEP, solo 401k)
Charitable giving & philanthropy
Fee options
Flat fees for financial planning and consulting negotiated with client
$0 - $250,000: Up to 2.75% $250,001 - $500,000: Up to 2.50% $500,001 - $750,000: Up to 2.00% $750,001 - $1,000,000: Up to 1.75% $1,000,001 - $2,000,000: Up to 1.50% $2,000,001 - $5,000,000: Up to 1.25% $5,000,001+: As low as 0.75% (varies by program)
Hourly consulting and financial planning rates negotiated with client
Account minimum: $5,000 Minimum fee: Minimum program fees ranging from $99 to $199 annually depending on program Fee-only: Flat or hourly fees for financial planning and consulting services, negotiated case-by-case
Location
212 S. Houston Ave
Lamesa, TX 79331
Most active in
Ray S has reported serving >5 clients in these states in the last 12 months.
Texas
Work history
Cetera
2025 - Present (1 year)
Cetera Wealth Services, LLC
2025 - Present (1 year)
Avantax Investment Services, Inc.
2019 - 2025 (6 years)
Avantax Advisory Services
2019 - 2025 (6 years)
Avantax Insurance Services, Inc.
2007 - 2025 (18 years)
Avantax Insurance Agency and/or Avantax Insurance Services
2005 - 2025 (20 years)
1st Global Advisors, Inc.
2005 - 2019 (14 years)
1st Global Capital Corp
2004 - 2019 (15 years)
Stephens, Stephens, & Telchik, PC
1985 - Present (41 years)
Disclosures
Disclosures include customer complaints, regulatory actions, employment terminations, bankruptcies, and certain legal protections.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Trust company
They provide trust and estate administration services, typically for separate fees.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Dusty T
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Anacleto C
Series 66
Lamesa, TX
Edward Jones
Anacleto Casas is a Series 66 credentialed financial advisor at Edward Jones in Lamesa, TX, with 18 years of industry experience and over 19 years at Edward Jones. He serves as Vice Chair of the Lamesa Chamber of Commerce and is involved in managing family partnerships and trusts, as well as a group fitness gym. Edward Jones is a full-service wealth management firm serving individual and institutional clients nationwide, offering a range of advisory programs and investment strategies supported by a large network of advisors and branch offices.
Katherine K
CFP®, Series 66
Lamesa, TX
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Katherine Krause is a CFP® with four years of industry experience, currently serving as a financial advisor at Edward Jones in Lamesa, TX. She previously worked at Cerity Partners LLC and FJY Financial, and has experience with Texas Tech University and its Alumni Association. Krause returned to Edward Jones in 2024 after an earlier role in 2018. Edward Jones is a full-service wealth management firm serving individual and institutional clients with a broad range of investment and advisory services supported by a large national network of financial advisors and branch offices.
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