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 | ||
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...
SEC charges Massachusetts RIA with fraud
August 13, 2019 - The Securities and Exchange Commission has charged registered investment adviser Richard G. Duncan, of East Longmeadow, Mass., with defrauding two retail clients by persuading them to invest over $300,000 in an apparent scam originating in Turkey. (More:​...
Clients Aren't Afraid of Technology. Are You?
August 1, 2019 - Tech-Savvy Advisors Have More Clients, Higher Assets Than Old-School Peers Losing an assistant after four years with a practice might leave some advisors scrambling to keep up with scheduling and meeting preparations. Not Billy and Nick Vail with Integrity...
New York RIA head sentenced to 13 years for Ponzi scheme
August 1, 2019 - The head of a suburban New York RIA, Hector May, who pleaded guilty last December to stealing $11.5 million from investors in a Ponzi scheme, has been sentenced to 13 years in prison and ordered to pay $8.4 million in restitution. (More:​ Securities...
Insurgent candidate vies for large-firm seat on Finra board
July 26, 2019 - An insurgent candidate for the Finra board of governors said the body needs more input from large firms that provide financial advice and investment products. Chris W. Flint, president and chief executive of ProEquities Inc., has been nominated by petition...
Finra, looking into fraud, bars former Securities America rep
May 28, 2019 - The Financial Industry Regulatory Authority Inc. has barred former Securities America rep Michael Bastardi for failing to provide it with information in connection with an inquiry into his conduct. Mr. Bastardi, who was registered through Securities America...
- 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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