Securities Service Network LLC

Securities Service Network LLC

A subsidiary of Advisor Group

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9729 Cogdill Road

Knoxville, TN 37932

(855) 382-8754

ssnetwork.com

Clearing firm: Fidelity Clearing and Custody Solutions, Pershing LLC

No. advisers: 390

No. franchises: 273

AUM: $17,478,717,589

Year founded: 1983

Year end: Dec. 31

No. of retail offices: 275

For More Information

CEOWade S. Wilkinson
Recruiting ContactLandon Moore
(855) 382-8754
E-mail
Compliance ContactRon Klimas
(800) 264-5499 ext. 232
E-mail
Marketing ContactGregory W. Kalosieh
(865) 777-4677 ext. 272
E-mail
Technology Operations ContactDavid Harlow
(865) 777-4677 ext. 223
E-mail

Company Overview

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.

Talking Points

Additional Resources

2019 2018 2017
No. of reps390397423
No. of reps, male318324
No. of reps, female7273
No. of producing reps330333355
No. of producing reps, male292295312
No. of producing reps, female383843
No. of reps producing $100K-$499K /year155153187
No. of reps producing $500K+ /year565352
No. of CFPs101106113
No. of full-time employees657462
No. of fee-based advisers served211319251
Average payout per rep, per year$235,000$229,000$279,000
Avg. annual production of top 20% reps$978,000$1,016,000$929,181
Total payout, per year$77,552,000$76,392,000$98,705,000
Cost of E&O insurance per rep, per year420042004200
Affiliation fees charged per rep, per year420042004200
Affiliation fee coveragePaperless office system, electronic forms with esignature, consolidated positions, CRM integration, product selection tools, supervision, access to asset management, trust services, FMO, insurance, investment banking, advanced planning, employer plan consulting, product/income consulting and practice developmentPaperless office system, electronic forms with eSignature, CRM integration, product selection tools, supervision, access to wealth management tools/services (practice development, asset management, FMO, insurance, trust, investment banking, FI trading, retirement plan consulting, retirement income consulting, advanced planning)Paperless office system, electronic forms with eSignature, CRM integration, product selection tools, supervision, access to wealth management tools/services
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds 91%-95% 91%-95% 91%-95% 91%-95% 91%-95%
Insurance 96%-100% 96%-100% 96%-100% 96%-100% 96%-100%
Variable annuities 91%-95% 91%-95% 91%-95% 91%-95% 91%-95%
Limited parterships 81%-85% 81%-85% 81%-85% 81%-85% 81%-85%
Securities 91%-95% 91%-95% 91%-95% 91%-95% 91%-95%
Required minimum production$75,000
2019 2018 2017
Total revenues$101,502,000$100,445,000$118,223,000
Commission revenues$48,988,000$49,629,000$48,291,000
Securities revenues$1,774,000$1,988,000$2,110,000
Securities revenues: Stocks$1,555,000$1,796,000$1,910,000
Securities revenues: Bonds$135,000$71,000$64,000
Securities revenues: ETFs$71,000$109,000$123,000
Securities revenues: Other$13,000$12,000$13,000
Mutual fund revenues$16,667,000$19,159,000$20,224,000
Annuities revenues$29,299,000$27,674,000$24,898,000
Annuities revenues: Fixed$632,000$506,000$127,000
Annuities revenues: Variable$25,096,000$24,238,000$22,519,000
Annuities revenues: Other$3,571,000$2,930,000$2,252,000
Insurance revenue$639,000$192,000$205,000
Insurance revenues: Life
Insurance revenues: Disabilities
Insurance revenues: LTC
Insurance revenues: Other$639,000$192,000$205,000
Alternative revenues$609,000$616,000$854,000
Alternative revenues: Hedge funds
Alternative revenues: Managed futures
Alternative revenues: Private placements
Alternative revenues: REITs$245,000$199,000$398,000
Alternative revenues: Other$364,000$417,000$456,000
Other commission revenues
Fee revenues$37,468,000$35,994,000$57,767,000
Fee revenues: Rep-managed accounts$29,762,000$29,051,000$39,297,000
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts$7,706,000$6,943,000$18,470,000
Fee revenues: Other
Total revenues: Other$15,046,000$14,822,000$12,165,000
2019 2018 2017
Total account assets$17,478,717,589$14,619,545,071$14,070,440,311
Fee-based assets$8,072,050,047$6,413,050,551$6,412,432,255
Fee-based assets: Clearing firm$3,814,929,372$3,461,910,500$4,033,942,489
Fee-based assets: Advisory firm platforms$3,775,855,921$2,308,690,862$1,629,432,818
Fee-based assets: Third-party money managers$481,264,753$642,449,189$749,056,948
Fee-based assets: Other
Total account assets: Other$9,406,667,543$8,206,494,520$7,658,008,056
Average assets per rep$44,817,225$36,825,051$33,263,452
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?N
Primary purpose of mobile application
Software Offered
Account aggregation software Albridge Wealth Reporting (Albridge, an affiliate of Pershing)
CashEdge (Fiserv)
Compliance software RegEd
CRM Redtail CRM (Redtail Technology)
Document management Built in house/Proprietary
Financial planning MoneyGuidePro (PIEtech Inc.)
Portfolio management Albridge Wealth Reporting (Albridge, and affiliate of Pershing)
Portfolio rebalancing FolioDynamix (FolioDynamix)
Robo-advice
Offers robo-advisory platform?Y
If not, when plans to offer a robo-platform
Robo-advice services offered
How robo-platform developedBy a third-party developer
Charge for robo-advisory services?N
    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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