VSR Financial Services Inc.
A member of Cetera Financial Group
8620 W. 110th St.
Overland Park, KS 66210
Year founded: 1985
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||—||298||272|
|No. of producing reps||—||256||268|
|No. of reps producing $100K-$499K /year||—||0||0|
|Total revenues: Other||—||0||0|
|Total account assets||—||$10,266,000,000||$12,715,233,761|
|Total account assets: Other||—||$5,928,000,000||$7,796,233,761|
|Average assets per rep||—||$34,449,664||$46,747,183|
October 6, 2016 - The Texas State Securities Board has banned a broker from recommending alternative investments, including nontraded real estate investment trusts, after the broker loaded up a client with too many of those investments. The broker, Mickey Long, was hit...
Appointment of former LPL exec Robert Moore to Cetera's board could help embattled B-D restore its brand
May 20, 2016 - The pending appointment of Robert Moore, an experienced broker-dealer executive, to serve as chairman of Cetera Financial Group, could help the embattled B-D restore its brand and has already given a lift to the morale of its advisers, according to people...
May 18, 2016 - Robert Moore, the former president of LPL Financial, is returning to the brokerage industry as chairman of Cetera Financial Group after it's parent company emerges in the coming weeks from bankruptcy proceedings, according to a source familiar with the...
February 24, 2016 - Independent broker-dealers that sold the distressed series of UDF real estate investment trusts could soon be facing arbitration claims from angry investors, according to Alan Rosca, a plaintiff's attorney. The firms that have been most prominent in Mr....
March 19, 2015 - RCS Capital Corp. completed the purchase of Girard Securities Thursday, the second independent broker-dealer acquisition in as many weeks. Girard, a mid-sized firm with a strong history of family leadership, will be the eleventh independent broker-dealer...
March 12, 2015 - RCS Capital Corp. resumed building out its retail broker-dealer network Thursday, announcing it had closed on its acquisition of VSR Financial Services Inc., a mid-sized independent broker-dealer known for selling alternative investments. VSR will become...
February 24, 2015 - RCS Capital Corp., or RCAP, had a challenging fourth quarter as the wholesaling unit responsible for marketing nontraded real estate investment trusts suffered a revenue drop of more than 50%. `The wholesaling unit, led by Realty Capital Securities, raised...
October 3, 2014 - One of RCS Capital Corp.'s newest broker-dealers, VSR Financial Services Inc., recently was part of an unusual and costly $3.74 million settlement in Texas state court over the sale of high risk, illiquid alternative investments dating back to the credit...
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,...
September 12, 2014 - State securities regulators are making noise about implementing changes to policies that would limit how much a client's net worth could be invested in nontraded real estate investment trusts. As my colleague Mark Schoeff Jr. recently reported, the North...
- 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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