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 | $29,877,773 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | Y | ||
| Primary purpose of mobile application | Easy access to important client information | ||
Finra, looking into fraud, bars former Securities America rep
May 28, 2019 - The Financial Industry Regulatory Authority Inc. has barred former Securities America rep Michael Bastardi for failing to provide it with information in connection with an inquiry into his conduct. Mr. Bastardi, who was registered through Securities America...
Small Broker-Dealers Enjoy Big Benefits as Branch Offices
May 1, 2019 - Small Broker-Dealers Enjoy Big Benefits as Branch Offices Growing regulatory risks, shrinking margins and increasing litigation have the owners of many small and mid-sized broker-dealers in search of an exit plan. One increasingly popular option for owners...
2019 top independent broker-dealers ranked by revenue
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
Six advisers managing $200 million switch from Cambridge to a Securities America OSJ
April 24, 2019 - Meliora Wealth Management and Allied Financial Partners, which manage $200 million in Rochester, N.Y., have switched affiliation from Cambridge Investment Research to Securities America. Meliroa's and Allied's six advisers will be supervised by Evolution...
IBD report: Another impressive year
April 20, 2019 - Despite a stock market decline, the largest independent broker-dealers turned in another stellar year in 2018, with revenue for the top 25 firms participating in an InvestmentNews survey reaching $25.5 billion, a 14.7% increase over 2017. The 2018 increase...
Hybrid managing $459 million switches to Securities America from Ameriprise
March 22, 2019 - Syntegra Private Wealth Group, a St. Louis, Mo.-area group of six hybrid advisers managing $459 million in assets, has switched its broker-dealer affiliation from Ameriprise to Securities America. Syntegra will also use Arbor Point Advisors, Securities...
Securities America hit with lawsuit seeking $18 million in damages
March 21, 2019 - Securities America Inc. is dealing with the fallout from a rogue broker it fired last year, who was later charged with running a Ponzi. The firm now faces a lawsuit alleging that a family suffered $18 million in losses after working with the adviser since...
- 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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