Securities America Inc.
A subsidiary of Ladenburg Thalmann Financial Services Inc.
Clearing firm: Charles Schwab, Fidelity Clearing and Custody Solutions, National Financial Services LLC, Pershing LLC, TD Ameritrade
No. advisers: 2,600
No. franchises: 1,639
AUM: $86,100,000,000
Year founded: 1984
Year end: Dec. 31
No. of retail offices: 2,600
Recruitment & Staffing
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| No. of reps | 2,600 | 2,506 | 2,209 |
| No. of producing reps | 2,600 | 2,506 | 2,209 |
| No. of reps producing $100K-$499K /year | 1,155 | 912 | 832 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Total revenues | $803,500,000 | $637,300,000 | $535,725,000 |
| Commission revenues | $311,500,000 | $257,600,000 | $229,700,000 |
| Fee revenues | $402,050,000 | $313,800,000 | $248,500,000 |
| Total revenues: Other | $89,950,000 | $65,900,000 | $57,525,000 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Total account assets | $86,100,000,000 | $86,850,000,000 | $66,000,000,000 |
| Fee-based assets | $39,200,000,000 | $38,100,000,000 | $26,300,000,000 |
| Total account assets: Other | $46,900,000,000 | $48,750,000,000 | $39,700,000,000 |
| Average assets per rep | $33,115,385 | $34,656,824 | $29,877,773 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | Y | ||
| Primary purpose of mobile application | Easy access to important client information | ||
Working in Golden Years Has Its Rewards – And Risks
November 8, 2019 - Roger Verboon still remembers one of his first assignments as the practice management consultant in charge of advisor continuity and succession planning. An 85-year-old advisor in California was displaying warning signs of diminished mental capacity....
Ladenburg Thalmann looking for a buyer
October 30, 2019 - Ladenburg Thalmann Financial Services Inc. is exploring a sale, but the company is not releasing any details to the 4,400 financial advisers in its network. Bloomberg News reported on Tuesday that Ladenburg is working with an adviser to weigh potential...
Taking a lump-sum pension payment? Watch out for bad boy brokers
October 8, 2019 - The 100,000 former employees of General Electric who are being offered a pension buyout in the form of a lump-sum payment should keep a tight grip on their wallets if they decide to shop around for a financial adviser for guidance and help. GE is trying...
Finra bars former Securities America rep in private-securities sale query
August 27, 2019 - The Financial Industry Regulatory Authority Inc. has barred former Securities America rep Bobby Wayne Coburn for failing to appear at a hearing looking into his sales practices. [More: Finra bars no-show former Cetera rep] In March, Securities America...
Insurgent Chris Flint wins contested Finra election for big-firm board seat
August 19, 2019 - In a contested election for a large-firm seat on the board of the Financial Industry Regulatory Authority Inc., insurgent candidate Chris W. Flint has won over incumbent Andrew S. Duff, who was selected to run by the Finra board's nominating committee....
Top clearing and custody firms for financial advisers
August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
- 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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