Founders Financial Securities, LLC

Founders Financial Securities, LLC

A subsidiary of Founders Financial, Inc.

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1020 Cromwell Bridge Road

Towson, MD 21286

(888) 523-1162

foundersfinancial.com

Clearing firm: Pershing LLC, TD Ameritrade, Other

No. advisers: 79

No. franchises: 62

AUM: $3,362,369,800

Year founded: 2006

Year end: Dec. 31

No. of retail offices: 63

For More Information

CEOBradley M. Shepherd
Recruiting ContactTom Senseney
(888) 523-1162 ext. 1260
E-mail
Compliance ContactJoseph V. Krcma
E-mail
Marketing ContactJoan Shultis
(888) 523-1162 ext. 1261
E-mail
Technology Operations ContactChris Solorzano
(888) 523-1162
E-mail

Recruitment & Staffing

2020 2019 2018
No. of reps807976
No. of reps, male
No. of reps, female
No. of producing reps807976
No. of producing reps, male
No. of producing reps, female
No. of reps producing $100K-$499K /year504845
No. of reps producing $500K+ /year141715
No. of CFPs232419
No. of full-time employees292523
No. of fee-based advisers served757966
Average payout per rep, per year$397,623$373,317$399,136
Avg. annual production of top 20% reps$666,813$589,064$542,000
Total payout, per year$22,083,586$20,383,778$19,613,762
Cost of E&O insurance per rep, per year1,800$1,8001,800
Affiliation fees charged per rep, per yearNoneNone
Affiliation fee coverage
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds Up to 90% Up to 90% Up to 90% Up to 90% Up to 90%
Insurance Up to 90% Up to 90% Up to 90% Up to 90% Up to 90%
Variable annuities Up to 90% Up to 90% Up to 90% Up to 90% Up to 90%
Limited parterships Up to 90% Up to 90% Up to 90% Up to 90% Up to 90%
Securities Up to 90% Up to 90% Up to 90% Up to 90% Up to 90%
Required minimum production$50,000
2020 2019 2018
Total revenues$31,014,613$29,492,040$29,136,901
Commission revenues$4,869,033$7,373,000$6,118,749
Securities revenues
Securities revenues: Stocks
Securities revenues: Bonds
Securities revenues: ETFs
Securities revenues: Other
Mutual fund revenues
Annuities revenues
Annuities revenues: Fixed
Annuities revenues: Variable
Annuities revenues: Other
Insurance revenue
Insurance revenues: Life
Insurance revenues: Disabilities
Insurance revenues: LTC
Insurance revenues: Other
Alternative revenues
Alternative revenues: Hedge funds
Alternative revenues: Managed futures
Alternative revenues: Private placements
Alternative revenues: REITs
Alternative revenues: Other
Other commission revenues
Fee revenues$24,682,467$20,940,000$22,144,045
Fee revenues: Rep-managed accounts
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts
Fee revenues: Other
Total revenues: Other$1,458,268$1,180,000$874,107
2020 2019 2018
Total account assets$3,347,297,178$3,362,369,800$2,805,763,219
Fee-based assets$1,685,135,366$1,320,220,260$1,047,923,104
Fee-based assets: Clearing firm$202,608,260
Fee-based assets: Advisory firm platforms$711,776,949
Fee-based assets: Third-party money managers$72,011,896
Fee-based assets: Other$26,475,100
Total account assets: Other$217,000,000$2,042,149,540$1,757,840,115
Average assets per rep$41,841,215$42,561,643$36,917,937
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedLinkedIn
Twitter
Dedicated mobile application for advisers?N
Primary purpose of mobile application
Software Offered
Account aggregation software eMoney 360 (eMoney Advisor)
Morningstar
Compliance software RegEd
Smarsh
CRM Ebix CRM Smartoffice (Ebix)
SmartOffice (Ebix)
Document management Laserfiche
Microsoft Office Document Imaging in combination with Microsoft Office SharePoint Server (Microsoft Corp.)
Office 365
SharePoint Online
Financial planning eMoney360 (eMoney Advisor)
Morningstar Advisor Workstation (Morningstar Inc.)
Portfolio management Morningstar Office (Morningstar Inc.)
Portfolio rebalancing
Robo-advice
Offers robo-advisory platform?N
If not, when plans to offer a robo-platform1-2 years
Robo-advice services offered
How robo-platform developed
Charge for robo-advisory services?
    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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