Securities America Inc.
A subsidiary of Ladenburg Thalmann Financial Services Inc.
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,506
No. franchises: 1,724
AUM: $86,850,000,000
Year founded: 1984
Year end: Dec. 31
No. of retail offices: 2,506
Recruitment & Staffing
| 2017 | 2016 | 2015 | |
|---|---|---|---|
| No. of reps | 2,506 | 2,209 | 2,078 |
| No. of producing reps | 2,506 | 2,209 | 2,078 |
| No. of reps producing $100K-$499K /year | 912 | 832 | 840 |
| 2017 | 2016 | 2015 | |
|---|---|---|---|
| Total revenues | $637,300,000 | $535,725,000 | $551,900,000 |
| Commission revenues | $257,600,000 | $229,700,000 | $250,500,000 |
| Fee revenues | $313,800,000 | $248,500,000 | $242,900,000 |
| Total revenues: Other | $65,900,000 | $57,525,000 | $58,500,000 |
| 2017 | 2016 | 2015 | |
|---|---|---|---|
| Total account assets | $86,850,000,000 | $66,000,000,000 | $57,800,000,000 |
| Fee-based assets | $38,100,000,000 | $26,300,000,000 | $22,300,000,000 |
| Total account assets: Other | $48,750,000,000 | $39,700,000,000 | $35,500,000,000 |
| Average assets per rep | $34,656,824 | $29,877,773 | $27,815,207 |
| 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 | ||
LPL reels in $520 million team from rival Cambridge
October 18, 2018 - LPL Financial said on Thursday that a large, 14-person team in Cedar Rapids, Iowa, with $520 million in client assets recently left Cambridge Investment Research Inc. to join LPL. Premier Investments of Iowa is led by Jeff Johnston, president, and Brock...
Ladenburg chairman Phillip Frost steps down
September 21, 2018 - Dr. Phillip Frost, who was charged this month with fraud, said Thursday evening that he was retiring as non-executive chairman of Ladenburg Thalmann Financial Services Inc. Dr. Frost and nine other individuals were charged Sept. 7 in a Securities and...
Chairman should leave Ladenburg Thalmann
September 20, 2018 - It's time for Dr. Phillip Frost to resign as non-executive chairman of Ladenburg Thalmann Financial Services Inc., the home of 4,300 retail brokers and financial advisers. The risk to Ladenburg Thalmann's reputation, as well as to the four independent...
New iPhone can end the days of carrying around two phones
September 13, 2018 - Apple introduced the world to three new iPhones and a new Apple Watch on Wednesday, focusing on evolutionary upgrades — a faster processor, better camera, crisper screen and longer battery life. But more than revolutionary new features, one announcement...
Finra fines Securities America $175,000 for failure to supervise variable annuity sales
September 7, 2018 - The Financial Industry Regulatory Authority Inc. fined Securities America $175,000 for failing to properly oversee the sale of a certain type of short-term variable annuity product. According to Finra, Securities America brokers violated or overlooked...
Securities America snags $650 million hybrid from LPL
September 4, 2018 - A $650 million hybrid has left LPL Financial to join Securities America, a subsidiary of Ladenburg Thalmann Financial Services Inc. Patriot Financial Group, which is also a super office of supervisory jurisdiction, is led by David O'Donnell, its founder...
Kovack re-elected to Finra board
August 28, 2018 - Brian Kovack, co-founder and president of Kovack Securities, won re-election to the Finra board of governors Tuesday. Mr. Kovack will retain his mid-size firm seat for another three-year term after prevailing over Jay Lanstein, chief executive of Cantella...
What's in a name? For TCA by ETrade, everything
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
- 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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