David Elefant

Employer firm

Cambridge Investment Research Advisors, Inc. CRD 134139

$139B regulatory AUM 68,815 advisory clients

Reported services (Item 5G)

• Financial planning
• Portfolio management (individuals)
• Portfolio management (institutions)
• Pension consulting
• Selection of other advisers
• Market timing

From the firm’s Form ADV. Read the guides:

• Item 5F — Regulatory AUM
• Item 5G — Advisory services
• Full firm profile

Current Employers

Employment History

• 11/1990 → Present
  Garden State Income Tax Service Inc
  Rockaway, NJ
• 08/2007 → Present
  Garden State Financial Services
  Rockaway, NJ
• 05/2015 → 02/2026
  Commonwealth Financial Network
  Waltham, MA
• 02/2026 → Present
  Cambridge Investment Research Advisors, Inc.
  Fairfield, IA
• 02/2026 → Present
  Cambridge Investment Research, Inc.
  Fairfield, IA

Previous Registrations

• 2015-05-15 → 2026-02-09
  Commonwealth Financial Network
  Waltham, MA
  Rockaway, NJ
  Highland Beach, FL
  Short Hills, NJ
• 2005-08-26 → 2015-05-13
  Cetera Investment Advisers Llc
  Rockaway, NJ

Other Businesses

1. ELEFANT FINANCIAL, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Insurance/Benefits/Human Resources, NIR, 8 HR/MO - 8 HR/MO TRADING 2. GARDEN STATE FINANCIAL SERVICE, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Sole member and owner of private LLC established to facilitate securities and fixed insurance business, NIR, 24 HR/MO - 24 HR/MO TRADING 3. GARDEN STATE INCOME TAX SERVICE INC, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Tax Services, NIR, 10 HR/MO - 10 HR/MO TRADING 4. AMBOY & REMSEN, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Holds intellectual property, NIR, 1 HR/MO - 0 HR/MO TRADING 5. DIWALI TECHNOLOGY, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Technology services, NIR, 2 HR/MO - 0 HR/MO TRADING 6. P&M REALTY LLC, 300 WEST MAIN ST, ROCKAWAY NJ 07866, United States, 01/2026, Owner, Real Estate, NIR, 1 HR/MO - 0 HR/MO TRADING 7. CIRA, 1776 Pleasant Plain Rd, Fairfield, IA 52556, 10/2020, Investment Advisor Representative, CIRA Affiliation, INV REL, 160 HR/MO, 120 HR/MO TRADING.

Exams

• S65 Uniform Investment Adviser Law Examination
  2005-08-22
• S63 Uniform Securities Agent State Law Examination
  2005-06-20

Designations

• Personal Financial Specialist