VSR Financial Services Inc.

VSR Financial Services Inc.

A member of Cetera Financial Group

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8620 W. 110th St.

Overland Park, KS 66210

(800) 800-3177

joinvsr.com

Year founded: 1985

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOJames M. Stanfield
Recruiting ContactJames L. Blosser
(800) 813-0483
E-mail
Compliance ContactChristopher A. Cokinis
(913) 234-8390
E-mail
Marketing ContactJeff McAnarney
(800) 800-3177
E-mail
Technology Operations ContactChatten W Scruggs
(913) 234-8313
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps298272
No. of producing reps256268
No. of reps producing $100K-$499K /year00
2016 2015 2014
Total revenues00
Commission revenues00
Fee revenues00
Total revenues: Other00
2016 2015 2014
Total account assets$10,266,000,000$12,715,233,761
Fee-based assets$4,338,000,000$4,919,000,000
Total account assets: Other$5,928,000,000$7,796,233,761
Average assets per rep$34,449,664$46,747,183

Texas regulator bans adviser from selling alts, including nontraded REITs

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...

Robert Moore to return to brokerage industry as chairman of Cetera

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...

Broker-dealers that sold UDF REITs to face investor claims

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....

RCAP closes another independent B-D deal

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...

RCAP back on acquisition trail

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...

RCS Capital Corp. suffers big revenue hit in fourth quarter

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...

Schorsch's VSR to pony up in big case on illiquid alts

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...

Ladenburg Thalmann to buy Securities Service Network for $45M

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,...

Nontraded REIT guidelines too late for some clients

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...

    Notes
  • 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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Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.

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