Securities Service Network LLC
A subsidiary of Ladenburg Thalmann Financial Services, Inc.
9729 Cogdill Road
Knoxville, TN 37932
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 397
No. franchises: 269
Year founded: 1983
Year end: Dec. 31
No. of retail offices: 263
Like advisors across the country, you might be considering which independent broker dealer would be a good fit for you and your practice. Highly independent "Joe" is representative of many advisors who are looking for the right balance between solid business, compliance support, and the comfort of a family-style culture.
Are you a "Blue Chip Advisor"? Is there correlation between the defining characteristics of these mammoth organizations and our firms? We believe that the parallels abound between blue chip companies and the best-of-the-best advisors and, with that in mind, examine the traits to emulate as you prepare for the future.
Securities Service Network is a competitive independent broker dealer and Registered Investment Advisor (SSNAI) with one of the highest payouts in the industry. We genuinely care about the success of each and every one of our customers and take a personal interest in the success of their independent businesses.
|No. of reps||397||423||431|
|No. of producing reps||333||355||354|
|No. of reps producing $100K-$499K /year||153||187||152|
|Total revenues: Other||$14,822,000||$12,165,000||$12,313,000|
|Total account assets||$14,619,545,071||$14,070,440,311||$13,423,667,947|
|Total account assets: Other||$8,206,494,520||$7,658,008,056||$7,371,814,813|
|Average assets per rep||$36,825,051||$33,263,452||$31,145,401|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
September 20, 2018 - It's time for Dr. Phillip Frost to resign as non-executive chairman of Ladenburg Thalmann Financial Services Inc., the home of 4,300 retail brokers and financial advisers. The risk to Ladenburg Thalmann's reputation, as well as to the four independent...
August 16, 2018 - Ladenburg Thalmann Financial Services has a new suite of services and digital tools to help advisers across its subsidiary broker-dealers with succession, continuity and acquisition planning. The platform is part of an ongoing effort by the Ladenburg...
July 25, 2018 - Ladenburg Thalmann Financial Services is investing in Track Technologies, an early-stage tech startup that provides tax automation for independent contractors, freelancers and other self-employed people. It's the first investment to result from Ladenburg's...
May 29, 2018 - Ladenburg Thalmann is trying a unique approach to encourage technology innovation at the independent broker-dealers under its umbrella. The Ladenburg Innovation Lab, launched earlier this year, is bringing together growth-oriented financial advisers and...
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
- 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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