Securities America Inc.
A subsidiary of Ladenburg Thalmann Financial Services Inc.
12325 Port Grace Blvd.
La Vista, NE 68128
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
Year founded: 1984
Year end: Dec. 31
No. of retail offices: 2,600
Recruitment & Staffing
|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|
|Total revenues: Other||$89,950,000||$65,900,000||$57,525,000|
|Total account assets||$86,100,000,000||$86,850,000,000||$66,000,000,000|
|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|
December 2, 2019 - The Securities and Exchange Commission has barred former Securities America broker and certified public accountant Ronald J. Roach for his role in a Ponzi scheme that defrauded investors of about $1 billion. In October, Mr. Roach pleaded guilty to the...
November 22, 2019 - A group of five brokers lost a lawsuit against Ohio National Life Insurance Co. over the insurer's termination of commission payments for certain variable annuity policies. Judge Emily C. Marks of U.S. District Court in Alabama dismissed all claims made...
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...
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....
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...
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...
- 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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