Securities America Advisors, Inc. (La Vista)


Securities America Advisors, Inc. is a large advisory firm based in La Vista. It manages $21.89 billion of regulatory assets for 154,747 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Securities America Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Securities America Advisors: assets under management

The assets under management (AUM) of Securities America Advisors, Inc. is $21.89 billion. The firm's AUM has grown by 1068% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18.3 billion in discretionary accounts and $3.59 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $77.19 thousand.
Securities America Advisors has custody of $16.67 billion in cash and securities for 61,295 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Securities America Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pamela Janine Wertheim serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pamela Janine Wertheim is individuals with 81,995 clients and $12.92 billion of assets under management. Among the 8 most similar advisory firms, Securities America Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $21.89 billion for 98,275 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Securities America Advisors doesn't advise any private funds.

Careers at Securities America Advisors, Inc.

The company employs 1,992 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 1,992 employees are registered as investment adviser representatives with the state securities authorities.

There are 135 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Pamela Janine Wertheim has been acting as President since 1 Oct 1993. Matthew John Kinsella joined the executive team most recently as the First Vice President & Deputy Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Securities America Financial Corp. Direct owner 1 Sep 1982 75% - 100% 47-0691275
Pamela Janine Wertheim President/director 1 Oct 1993 Other 1311477
Steven Ford Mcwhorter Chairman/ceo/ director 1 Oct 1993 Other 2130681
James Delwyn Nagengast Executive vp, chief financial officer 1 Dec 1994 Other 2571451
Walter Thomas Cross Senior vp, director of product distribution 1 Jun 1995 Other 815847
Steven Ford Mcwhorter Chairman/director/ceo 1 Feb 1998 Other 2130681
David Octavio Spinar Vp, chief compliance officer 1 Nov 1998 Other 2789529
Steven Ford Mcwhorter Chairman/director/ceo 1 Feb 1999 Other 2130681
Brian Michael Heath Director 1 Jun 1999 Other 1258626
Scott Charles Hoyt Senior vp, general counsel 1 Feb 2000 Other 2474820
Doreen Louise Griffith Vice president/chief information officer 1 Aug 2000 Other 4110247
Barry J Murphy Director 1 Sep 2001 Other 2494872
Marla Jean Cross Vice president, advisory services 1 Sep 2001 Other 1928417
Kirk Jesse Hulett Senior vice president, human resources 1 Dec 2002 Other 2528380
Dennis Michael King Vice president business development 1 Dec 2002 Other 707144
Gayle Elizabeth Parsons Vice president & treasurer, finance & accounting 1 Dec 2002 Other 2824340
Paul Robert Huerter First vice president administrativce services 1 Sep 2003 Other 2219429
Theresa J James First vice president, director of operations 1 Sep 2003 Other 3022058
Diane Dee Lyngstad Director 1 Oct 2004 Other 2536158
Lamar Stewart Jones Vice president risk management 1 Oct 2004 Other 838681
James Delwyn Nagengast Executive vp, coo & cfo 1 Oct 2004 Other 2571451
Doreen Louise Griffith Senior vp/chief information officer 1 Jan 2005 Other 4110247
Kevin Joseph Miller First vice president and assistant general counsel 1 Sep 2005 Other 4133001
Kathleen A Shotkoski Vice president of human resources & training 1 Sep 2005 Other 4196981
Gregg Howard Johnson Vice president, branch office development 1 Sep 2006 Other 2110658
Dennis Michael King Senior vice president 1 Jan 2007 Other 707144
Paul Robert Huerter Vice president/compliance chief of staff and administrative services 1 Jan 2007 Other 2219429
Kevin Joseph Miller Vice president/assistant general counsel 1 Jan 2007 Other 4133001
Paul Raymond Lofties First vp, wealth management & acquisitions 1 Jan 2007 Other 2842911
Elizabeth Ann Hansen Chief compliance officer 1 Feb 2007 Other 2199658
Dennis Michael King Senior vp, business development 1 May 2007 Other 707144
James Micheal Heeney Vice president, chief compliance officer 1 Jun 2007 Other 3019122
Terrance Shawn Dewald Senior vice president, chief general council 1 Jun 2007 Other 3173980
Todd Joseph Spangler Vice president sales supervision 1 Nov 2007 Other 4403436
Gregg Howard Johnson Executive vice president, branch office development and acquisitions 1 Feb 2008 Other 2110658
Walter S Berman Director 1 Apr 2008 Other 4500271
Donald E Froude Director 1 Sep 2008 Other 1002120
Kevin Joseph Miller Vice president/chief compliance officer/deputy general counsel, aml, privacy, identity theft protection policy & risk officer 1 May 2009 Other 4133001
James Micheal Heeney Senior vp, sales supervision and operations 1 Mar 2010 Other 3019122
James Delwyn Nagengast Ceo 1 Jul 2010 Other 2571451
James Delwyn Nagengast Ceo/director 1 Aug 2010 Other 2571451
Kelly Joseph Windorski Director 1 Dec 2010 Other 3211118
Charles Neal Maglaque Director 1 Dec 2010 Other 5026063
Philip Salvatore Blancato Director 1 Nov 2011 Other 2122221
Adam Scott Malamed Director 1 Nov 2011 Other 2560518
Brett H Kaufman Director 1 Nov 2011 Other 5514420
Joseph Giovanniello Director 1 Nov 2011 Other 3086071
Gayle Elizabeth Parsons Vp, treasurer & accounting 1 Nov 2011 Other 2824340
Doreen Louise Griffith Executive vp/chief information officer 1 Jan 2012 Other 4110247
Kirk Jesse Hulett Executive vp, strategy and practice management /director 1 Jan 2012 Other 2528380
Kevin Joseph Miller Senior vice president/chief compliance officer/ general counsel, aml officer, privacy officer, itpp officer, corporate secretary 1 Jan 2012 Other 4133001
Kevin Joseph Miller Senior vice president/ general counsel, aml officer, privacy officer, itpp officer, corporate secretary 1 Aug 2012 Other 4133001
Cynthia Denise Morrison Vice president and chief compliance officer 1 Aug 2012 Other 3003956
Paul Raymond Lofties Senior vp, wealth management 1 Jan 2013 Other 2842911
Kevin Joseph Miller Executive vice president/ general counsel, corporate secretary 1 Jun 2013 Other 4133001
Mark Thomas Lasswell Senior vice president, chief compliance officer, aml officer, privacy officer, itpp officer 1 Jan 2014 Other 2092593
David John Vaughan Senior vice president, chief financial officer, fin op officer 1 Jan 2014 Other 2603399
Leon Michael Johnson Senior vice president, information services operations, technology services, chief information security officer 1 Jan 2017 Other 2677019
Gregory Jay Smith Senior vice president, sales supervision 1 Jan 2017 Other 1657211
Matthew John Kinsella First vice president & deputy compliance officer 1 Jan 2018 Other 5217108
Matthew Kinsella First vice president & deputy compliance officer 1 Jan 2018 Other 5217108

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
American Express Service Corporation Indirect owner 1 Mar 1998 75% - 100% 10518
American Express Financial Corporation Indirect owner 1 Mar 1998 75% - 100% 6320
Inc. Ameriprise Financial Indirect owner 1 Mar 1998 75% - 100% 6320
Inc. Ladenburg Thalmann Financial Services 100% owner of parent company 1 Nov 2011 75% - 100% 65-0701248

Based in La Vista

The principal office where Securities America Advisors, Inc. performs its advisory services is located at 12325 Port Grace Blvd., La Vista, NE 68128 8204 The mailing address of the firm is P.O. Box 460001, Papillion, NE 68046. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-399-9111 or by fax 402-398-1480. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at securitiesamerica.com.