Securities Service Network Inc.
A subsidiary of Ladenburg Thalmann Financial Services, Inc.
9729 Cogdill Road
Knoxville, TN 37932
Clearing firm: Fidelity Clearing and Custody Solutions, Pershing LLC
No. advisers: 337
No. franchises: 259
Year founded: 1983
Year end: Dec. 31
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||337||431||439|
|No. of producing reps||—||354||370|
|No. of reps producing $100K-$499K /year||—||152||158|
|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....
June 9, 2015 - Securities Service Network, a Knoxville, Tenn.-based broker-dealer that was acquired by Ladenburg Thalmann Financial Services Inc. in January, is doing some building out of its own. The company, known as SSN, picked up a $430 million retirement planning...
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. ‚ÄúThere 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,...
- 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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