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 | ||
Phillip Frost sells most of his Ladenburg Thalmann shares
December 24, 2018 - Months after being charged with securities fraud by the SEC, Phillip Frost, the former chairman of Ladenburg Thalmann Financial Services Inc. and the largest shareholder, has sold most of his stake back to the firm. In a press release Monday afternoon,...
Ex-Securities America broker suspended for hidden options trades that hurt client
December 11, 2018 - A Securities America broker who was fired has been suspended from the industry for six months in the wake of allegations that he traded options in a client's account without notifying his firm. The broker, Michael D. Jackson, recommended that a customer...
Ameriprise Financial signs on $444 million team from FSC Securities
October 30, 2018 - Ameriprise Financial Inc. has signed on a $444 million team from FSC Securities Corp. Dale Cebert, a financial adviser based in The Villages, Fla., was with FSC Securities for four years before joining Ameriprise. Mr. Cebert, whose new title is private...
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...
LPL reels in $275 million team from Securities America
October 9, 2018 - LPL Financial said on Tuesday that it recently snagged a team of eight advisers based in Colorado with close to $275 million in brokerage and advisory assets from rival Securities America Inc., one of the broker-dealers in the Ladenburg Thalmann Financial...
LPL offers generous recruiting package to rivals at PE-owned broker-dealers
September 26, 2018 - LPL Financial continues to take aim at rival broker-dealers owned by private-equity firms and this month reintroduced a special recruiting deal that could be particularly lucrative to recruits from those firms. Among the firms LPL is targeting: Kestra...
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...
- 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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