Carl McDonald has been Managing Member / President of McDonald Financial Services since February 2016, is a control person of the firm and directly owns between 50% and 75% of it.
McDonald Financial Services, LLC is a Montgomery, AL firm with $444M under management, 721 clients and 6 advisers across 3 offices, as of its March 2026 filing.
Carl McDonald’s longest registration was 10 years at Invista Advisors (2016–2026).
- Waverly Advisors, LLCAlso current– present · under a yearMontgomery, AL · Adviser representative · Firm CRD 115332
- LPL Financial LLC– · 9 yearsMontgomery, AL · Adviser representative · Firm CRD 6413
- Raymond James Financial Services– · 7 yearsMontgomery, AL · Adviser representative · Firm CRD 6694
Investment adviser representative registrations
Carl McDonald is registered as an investment adviser representative in Alabama, since July 2026.
- AlabamaSince 24 July 2026
Examinations
| Exam | Name | Passed |
|---|---|---|
| Series 10 | General Securities Sales Supervisor - General Module Examination | 2 January 2023 |
| Series 9 | General Securities Sales Supervisor - Options Module Examination | 2 January 2023 |
| SIE | Securities Industry Essentials Examination | Credited |
| Series 51 | Municipal Fund Securities Principal Examination | 9 March 2012 |
| Series 8 | General Securities Sales Supervisor Examination (Options Module & General Module) | 27 March 1997 |
| Series 63 | Uniform Securities Agent State Law Examination | 29 September 1989 |
| Series 7 | General Securities Representative Examination | 16 September 1989 |
- Name
- General Securities Sales Supervisor - General Module Examination
- Name
- General Securities Sales Supervisor - Options Module Examination
- Name
- Securities Industry Essentials Examination
- Name
- Municipal Fund Securities Principal Examination
- Name
- General Securities Sales Supervisor Examination (Options Module & General Module)
- Name
- Uniform Securities Agent State Law Examination
- Name
- General Securities Representative Examination
- Full name
- Carl Brandt McDonald
- CRD
- 1968938
- Firm
- McDonald Financial Services · CRD 282899
- Role
- Managing Member / President
- Registration
- Investment adviser registration
- In the industry since
- September 1989
- Disciplinary history
- Not yet shown here · SEC record
Where does Carl McDonald work?
Carl McDonald has been Managing Member / President of McDonald Financial Services, LLC since February 2016, and is a control person of the firm.
Is Carl McDonald a financial advisor?
Yes. Carl McDonald has a current investment-adviser registration in Alabama.
How many years of experience does Carl McDonald have?
Carl McDonald has 37 years in the financial industry, since September 1989, across 4 adviser firms.
What exams has Carl McDonald passed?
Carl McDonald has passed 6 licensing exams: the Series 7, Series 63, Series 8, Series 51, Series 10 and Series 9. The earliest, the Series 7, was passed in September 1989. FINRA credited Carl McDonald with the SIE, which began in October 2018.
Where was Carl McDonald previously registered as an investment adviser?
Carl McDonald has past investment-adviser registrations through Invista Advisors, July 2016 to October 2026; LPL Financial LLC, April 2007 to January 2017; Raymond James Financial Services, May 1999 to April 2007, across 4 firms.
Is Carl McDonald registered with FINRA?
No. Carl McDonald has no current broker registration.
How can I verify Carl McDonald’s record?
Search CRD 1968938 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Carl McDonald’s full registration record.