Park Avenue Securities LLC

Park Avenue Securities LLC

A subsidiary of Guardian Life Insurance Company of America

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7 Hanover Square

New York, NY 10004

(888) 600-4667

parkavenuesecurities.com

No. advisers: 2,016

AUM: $27,670,269,000

Year founded: 1999

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

Top ExecutiveJohn Palazzetti
Recruiting ContactFrank Galdieri
908-208-3970
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps2,0162,057
No. of producing reps2,0162,057
No. of reps producing $100K-$499K /year00

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2018 2017 2016
Total revenues$213,712,000$183,796,000
Commission revenues$124,930,000$109,261,000
Fee revenues$88,782,000$74,535,000
Total revenues: Other00
2018 2017 2016
Total account assets$27,670,269,000$28,432,300,000
Fee-based assets$11,035,636,000$10,325,700,000
Total account assets: Other00
Average assets per rep$13,725,332$13,822,217

2019 top independent broker-dealers ranked by revenue

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...

Finra suspends broker who had assistant complete his coursework

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...

Former Waddell & Reed broker barred for taking $130,000 from his elderly mother

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...

SEC bars ex-LPL rep over variable annuity sales

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...

Wells Fargo adviser jumps to Kingsview

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.,...

The ABC's of the DOL fiduciary rule

July 12, 2016 - A casual reading of any financial publication recently is certain to have a headline featuring three letters: D – O – L. What they are referring to is the U. S. Department of Labor Conflict of Interest Rule, popularly referred to as the fiduciary...

Building your brand

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.

Empowering evolution

March 3, 2016 - Park Avenue Securities has evolved dramatically over the past 20 years. Find out how these changes are helping advisers and their clients.

    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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