Park Avenue Securities LLC

Park Avenue Securities LLC

A subsidiary of Guardian Life Insurance Company of America

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10 Hudson Yards

New York, NY 10001

(888) 600-4667

www.parkavenuesecurities.com

No. advisers: 1,935

AUM: $33,592,967,000

Year founded: 1999

Year end: Dec. 31

For More Information

Top ExecutiveWilliam Morrissey
Recruiting ContactJerry Cassero
(212) 919-2085
E-mail

Joseph Fuschillo
212-919-5403
E-mail

Recruitment & Staffing

2019 2018 2017
No. of reps1,9352,0162,057
No. of reps, male
No. of reps, female
No. of producing reps1,9352,0162,057
No. of producing reps, male
No. of producing reps, female
No. of reps producing $100K-$499K /year000
No. of reps producing $500K+ /year000
No. of CFPs000
No. of full-time employees000
No. of fee-based advisers served000
Average payout per rep, per year000
Avg. annual production of top 20% reps000
Total payout, per year000
Cost of E&O insurance per rep, per year
Affiliation fees charged per rep, per year
Affiliation fee coverage
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds Set by Agency Set by Agency Set by Agency Set by Agency Set by Agency
Insurance Set by Agency Set by Agency Set by Agency Set by Agency Set by Agency
Variable annuities Set by Agency Set by Agency Set by Agency Set by Agency Set by Agency
Limited parterships Do not offer this product Do not offer this product Do not offer this product Do not offer this product Do not offer this product
Securities Set by Agency Set by Agency Set by Agency Set by Agency Set by Agency
2019 2018 2017
Total revenues$227,105,000$213,712,000$183,796,000
Commission revenues$130,968,000$124,930,000$109,261,000
Securities revenues$2,103,000$2,304,000
Securities revenues: Stocks
Securities revenues: Bonds
Securities revenues: ETFs
Securities revenues: Other
Mutual fund revenues$24,491,000$25,517,000
Annuities revenues$90,701,000$80,882,000
Annuities revenues: Fixed
Annuities revenues: Variable
Annuities revenues: Other
Insurance revenue$575,000$2,890,000
Insurance revenues: Life
Insurance revenues: Disabilities
Insurance revenues: LTC
Insurance revenues: Other
Alternative revenues00
Alternative revenues: Hedge funds
Alternative revenues: Managed futures
Alternative revenues: Private placements
Alternative revenues: REITs
Alternative revenues: Other
Other commission revenues$13,098,000$13,336,000
Fee revenues$92,783,000$87,087,000$74,535,000
Fee revenues: Rep-managed accounts
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts
Fee revenues: Other
Total revenues: Other$3,354,000$1,696,0000
2019 2018 2017
Total account assets$33,592,967,000$27,670,269,000$28,432,300,000
Fee-based assets$13,805,247,000$11,035,636,000$10,325,700,000
Fee-based assets: Clearing firm
Fee-based assets: Advisory firm platforms
Fee-based assets: Third-party money managers
Fee-based assets: Other
Total account assets: Other$19,787,719,000$16,634,633,0000
Average assets per rep$17,360,706$13,725,332$13,822,217

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Social Media & Mobile
Software Offered
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Built in house/Proprietary
Compliance software Protegent Surveillance (SunGard Data Systems Inc.)
Star Compliance
PinPoint Global Solutions
CRM SmartOffice (Ebix)
Document management
Financial planning eMoney360 (eMoney Advisor)
Portfolio management Albridge Wealth Reporting (Albridge, and affiliate of Pershing)
Envestnet (Envestnet)
Portfolio rebalancing NetX360 (Pershing)
Other
Robo-advice
Offers robo-advisory platform?N
If not, when plans to offer a robo-platform6-12 months
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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