Securities Service Network Inc.featured
A subsidiary of Ladenburg Thalmann Financial Services, Inc.
9729 Cogdill Road
Knoxville, TN 37932
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 431
Year founded: 1983
Year end: Dec. 31
No. of retail offices: 270
Like advisors across the country, you might be considering which independent broker dealer would be a good fit for you and your practice. Highly independent "Joe" is representative of many advisors who are looking for the right balance between solid business, compliance support, and the comfort of a family-style culture.
Are you a "Blue Chip Advisor"? Is there correlation between the defining characteristics of these mammoth organizations and our firms? We believe that the parallels abound between blue chip companies and the best-of-the-best advisors and, with that in mind, examine the traits to emulate as you prepare for the future.
Securities Service Network is a competitive independent broker dealer and Registered Investment Advisor (SSNAI) with one of the highest payouts in the industry. We genuinely care about the success of each and every one of our customers and take a personal interest in the success of their independent businesses.
|No. of reps||431||439||449|
|No. of producing reps||354||370||387|
|No. of reps producing $100K-$499K /year||152||158||174|
|Total revenues: Other||$12,313,000||$10,633,000||$11,030,893|
|Total account assets||$13,423,667,947||$13,475,626,642||$14,257,554,855|
|Total account assets: Other||$7,371,814,813||$7,606,005,808||$8,289,469,315|
|Average assets per rep||$31,145,401||$30,696,188||$31,754,020|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
January 5, 2015 - Ladenburg Thalmann Financial Services Inc. on Monday said it had completed its acquisition of Securities Service Network Inc., a mid-sized independent broker-dealer based in Knoxville, Tenn. Ladenburg Thalmann said in September it had agreed to buy Securities...
October 2, 2014 - Mid-sized and small broker-dealer mergers and acquisitions continue at a steady pace as Wunderlich Securities of Memphis Wednesday said it was acquiring the wealth management assets of Dominick & Dominick, a privately held firm in New York. â€œThere are...
September 22, 2014 - Ladenburg Thalmann Financial Services announced Monday that it had agreed to buy Securities Service Network Inc., known as SSN, which has close to 450 independent reps and advisers and produced $114.2 million in total revenue last year. In a statement,...
December 13, 2013 - Hefty prices for e-mail storage have slammed small brokerages, which say their data is being held hostage by document storage vendors taking advantage of regulatory requirements. One such brokerage, Capital Investment Companies, of Raleigh, N.C., reports...
November 5, 2013 - A network of advisers responsible for $1.2 billion in private client and retirement plan assets has joined LPL Financial's broker-dealer and RIA custodial platforms. The Scottsdale, Ariz.-based Householder Group Estate and Retirement Specialists includes...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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