Park Avenue Securities LLC
A subsidiary of Guardian Life Insurance Company of America
7 Hanover Square
New York, NY 10004
No. advisers: 2,016
Year founded: 1999
Year end: Dec. 31
For More Information
|Top Executive||John Palazzetti|
|Recruiting Contact||Frank Galdieri|
Recruitment & Staffing
|No. of reps||2,016||2,057||—|
|No. of producing reps||2,016||2,057||—|
|No. of reps producing $100K-$499K /year||0||0||—|
|Total revenues: Other||0||0||—|
|Total account assets||$27,670,269,000||$28,432,300,000||—|
|Total account assets: Other||0||0||—|
|Average assets per rep||$13,725,332||$13,822,217||—|
July 17, 2019 - Finra reached settlements with 56 brokerages and obtained $89 million in customer restitution as the result of a crackdown on firms overcharging for mutual funds, the agency announced Wednesday. The Financial Industry Regulatory Authority Inc. alleged...
April 24, 2019 - Firm 2018 revenue ($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...
December 5, 2018 - The Financial Industry Regulation Authority Inc. has suspended a broker who instructed his assistant to complete his continuing education coursework in his place. Danijel Velicki, a broker employed with MML Investors Services in Virginia, was required...
November 19, 2018 - The Financial Industry Regulatory Authority Inc. has barred a former Wadell & Reed broker for spending $130,000 from his elderly mother's brokerage account on himself without her knowledge. Robert Lee Basile's mother opened a brokerage account with Waddell...
July 9, 2018 - The Securities and Exchange Commission has barred a former LPL rep, Roger Zullo, based on a charge he sold unsuitable and "disproportionately large" variable annuities to his clients. Mr. Zullo, a resident of Massachusetts, was discharged by LPL Financial...
April 11, 2018 - The Financial Industry Regulatory Authority Inc. has censured Park Avenue Securities and fined the firm $300,000 for problems in its supervision of variable annuity sales. In a letter of acceptance, waiver and consent, Finra said that from Jan. 1, 2013...
December 5, 2017 - Peter Hiltz, who managed $160 million in assets at Wells Fargo Advisors in Cincinnati, has joined Kingsview Asset Management and will open the firm's first office there. Kingsview is a registered investment adviser headquartered in Grants Pass, Ore.,...
March 9, 2016 - How does Park Avenue Securities stand out from the crowds? Learn how the company's approach, and its work with Pershing, is keeping it a step ahead.
- 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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