KMS Financial Services, Inc.

KMS Financial Services, Inc.

A subsidiary of Ladenburg Thalmann Financial Services Inc.

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2001 Sixth Avenue, Suite 2801

Seattle, WA 98121

(206) 441-2885

kms.com

Clearing firm: Charles Schwab, Fidelity Clearing and Custody Solutions, Pershing LLC, TD Ameritrade

No. advisers: 356

No. franchises: 268

Year founded: 1971

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • 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: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOEric S. Westberg
Recruiting ContactHoward Englehart
(206) 441-2885, ext. 232
E-mail
Compliance ContactCasey Dougherty
(206) 441-2885, ext. 270
E-mail
Marketing ContactDeanna Arnold-Frady
(206) 441-2885, ext. 273
E-mail
Technology Operations ContactAileen Krohn
(206) 441-2885, ext. 211
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps356322401
No. of producing reps322
No. of reps producing $100K-$499K /year154

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$96,423,461$92,662,639
Commission revenues$41,959,959$42,771,831
Fee revenues$47,943,359$46,411,306
Total revenues: Other$6,520,143$3,479,502
2017 2016 2015
Total account assets$15,290,000,000$14,750,000,000
Fee-based assets$5,772,000,000$5,257,000,000
Total account assets: Other$9,518,000,000$9,493,000,000
Average assets per rep0$38,129,676$36,151,961

Ladenburg women's group partners with national network

April 4, 2018 - The Ladenburg Institute of Women & Finance is partnering with The W Source, a nationwide networking organization for female professionals, to help generate referrals for female financial advisers. The partnership is also intended to help drive the advancement...

SEC fines KMS Financial Services $100,000 for conflicts of interest

July 20, 2017 - KMS Financial Services, a Seattle-based hybrid RIA firm, has settled charges that it failed to disclose conflicts of interest stemming from receiving revenue from a third-party broker-dealer. Without admitting or denying the SEC's findings, KMS consented...

Independent broker-dealers hit a wall

April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms — those with roughly $250 million and more in total revenue — collectively reporting...

    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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