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: 2,588
No. franchises: 1,639
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 |
| 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 | ||
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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...
Your Next-Gen Advisor's Road to Success Starts Long Before Day One
March 6, 2019 - If you are among those looking to bring on extra help in the form of an associate advisor, you're probably eager to fill that position and get your new hire up and running as quickly as possible. But rushing headlong into the hiring process can have negative...
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...
- 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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