He possesses an impressive memory and excellent attention to detail, and his thoroughness is a virtue that my colleagues and I have learned to appreciate greatly in every case of his that we assist with. Attorney Robert Wayne Pearce has over 40 years of personal experience in FINRA arbitration proceedings and knows very well how you can not only sue Park Avenue Securities in FINRA arbitration proceedings, but WIN that arbitration. This could also limit the number and diversity of investment options available and may impact their transferability. Now, once you fill out your DTC code and account number, you are ready to make a transfer. Founded in 1990. OSJ: 333 N Indian Hills Blvd, Claremont, CA 91711, Ph: 909-399-1100. How does your firm approach insurance sales? 666 666 666 666 277 277 277 277 9 0 obj Use of most services provided by the regulated DTCC subsidiaries generally require membership in that subsidiary. 600 600 600 600 600 0 600 600 MERRILL LYNCH DTC #5198. Park Avenue Securities was required but failed to disclose in its Form ADV or otherwise the conflicts of interest related to (a) its receipt of 12b-1 fees, and/or (b) its selection of mutual fund share classes that pay such fees. PAS is a wholly-owned subsidiary of Guardian. No, really, start now. 556 556 277 277 583 583 583 556 Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). 1015 666 666 722 722 666 610 777 600 600 600 600 600 600 600 600 /Encoding /WinAnsiEncoding A regulatory agency other than the SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. 6 0 obj 333 1000 500 333 943 0 500 666 ';+ Sy"$*E#$k'G&_9'`<9{Rk"Hol &\U91H({Y,u"Y4ayeA2yu]DZ);9Gh.`dt~X=Re &O V-gqWIoz}@.7)>d}Vk P`a?z' yKDMY%"g;K8Nk[*JOe FTXW]s|qT,$R=#penQjLU!E Questions to ask Click "Show" to reveal your account number STEP 4: Initiating a stock transfer to your broker with DTC code with Computershare as an example. 0 222 222 333 333 350 556 1000 What does this mean and why is this important? /StemV 0 Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. 17 0 obj California Insurance ID #0A97877. Find company research, competitor information, contact details & financial data for Park Avenue Securities LLC of Memphis, TN. What does this mean and why is it important? PARK AVENUE SECURITIES LLC . Investors were still saddled with the same issues that drove last week's downbeat price action. 600 600 600 600 600 600 600 600 For those failures, FINRA censured and fined Park Avenue Securities once again. Consult With An Attorney Who Recovers Investment Losses Caused By Park Avenue Securities LLC Today! /FontBBox [ -122 -680 623 1021 ] 2 0 obj Park Avenue Securities, registered in 2000, serves 53 state(s) with a licensed staff of 1,696 advisors. You can contact Park Avenue Securities by calling (888) 600-4667. /Type /Font PARK AVENUE SECURITIES LLC. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. endobj How do these benefits affect the firms selection of a broker-dealer partner? 277 333 556 556 556 556 259 556 "Every interaction with Robert reminds me that he is smart, quick, responsive and a consummate professional. Frances Aguilera (CRD# 5380754) is an Investment Advisor Representative working at Park Avenue Securities LLC in Miami, FL and has over 23 years of experience in the finance industry. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. endobj 666 777 722 666 610 722 666 943 500 500 500 333 259 333 583 0 You can feel confident in the management of your assets with your trusted Park Avenue Securities financial professionaland with Pershing as the custodian. 600 600 600 600 600 600 600 600 >> Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Will any of my assets be invested in those products? Share: 10 Hudson Yards. Institutional clients of the firm include retirement plans, charitable organizations, insurance companies and businesses. 600 600 600 600 600 600 600 600 Firm actively engages as insurance brokers or agents, or they are affiliated with an insurance company or agency. DTC stands for Depository Trust Company and is typically a 4-digit number that helps facilitate transactions between financial institutions. Member FINRA, SIPC. What does this mean? 18 0 obj The regulator censured the broker-dealer, fined it $300,000, and ordered it to make restitution to the affected customers in the total amount of over $443,000 for those UIT sales abuses. The firm also offers access to VestWise, an automated investment advisory program. 722 277 500 666 556 833 722 777 Park Avenue Securities Review. Unlike HTTPS connections, HTTP connections are not encrypted. 556 556 333 500 277 556 500 722 Get the latest business insights from Dun & Bradstreet. 556 556 556 556 277 277 277 277 Caswell joined Guardian Life and Park Avenue Securities in 2013 as Head of Strategic Initiatives in Individual Markets Administration & Wealth Management. 610 610 610 610 610 610 610 548 Firm or an advisory affiliate was previously found to have made false statements or omissions by a self-regulatory organization. Fees & Compensation. By providing this content, Park Avenue Securities LLC is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. AtPark Avenue Securities LLC, we are a broker/dealer that is a whollyowned subsidiary of Guardian, which has a rich heritage of promises kept since 1860. /Descent 211 /Subtype /TrueType Please provide me a list of the products and a summary of how much your firm earns from them. The registered representatives control their structure and costs to maximize profits and often leave the protection of investors rights and interests as their lowest priority. FMG Suite is not affiliated with the named Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. << /Filter /FlateDecode /Length 2919 /Length1 5536 >> << Please contact a financial representative for guidance and information specific to your individual situation. /Encoding /WinAnsiEncoding First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. addresses, telephone number, and any alternate name by which the firm conducts business and where such name is used. Rocketreach finds email, phone & social media for 450M+ professionals. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? A "chill" is a limitation of certain services available for a security on deposit at The Depository Trust Company ("DTC"). The SEC or CFTC has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. endobj When operating in this dual capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors. FMG Suite to provide information on a topic that may be of interest. 666 666 610 333 277 333 583 556 Find a Financial Representative. Through its affiliated advisors, Park Avenue works with tens of thousands of individual clients. Firm or a related person trades securities for themselves that they also recommend to their clients. 89450. 556 556 333 500 277 556 500 722 /Type /Font Financial plans and investment portfolios are always unique to the client's personal financial situation. If you believe you have a claim against Park Avenue Securities, you should strongly consider hiring an investment fraud lawyer. Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. You should not wait until its too late to file a claim. Generally, there is no immediate review of new accounts opened, securities transactions, business records, cash or securities receipts and deliveries, correspondence and business activities unrelated to the securities brokerage operation at these independent brokerage firms. FINRA concluded that Park Avenue Securities violated NASD Rule 3010 and FINRA Rules 2330, 3110 and 2010 and censured and fined the firm $300,000. 277 277 354 556 556 889 666 190 Alternatively, you can send a message via the contact page on its website. Which securities does your firm trade for itself that it will also be recommending to me? 556 556 556 556 556 556 889 556 Park Avenue Securities is a wholly owned subsidiary of The Guardian Life Insurance Company of America and is located at 10 Hudson Yards, New York, NY 10001. What does this mean and why is it important? Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. /FontName /Arial Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. The broker-dealer had previously been was censured and fined for violating NASD Rules 3010 and 2110 for failing to adequately enforce written supervisory procedures regarding completion and accuracy of Form U4 and amendments thereto. MetWall can qualify for up to 100% first year tax depreciation under Section 179c. 556 0 222 556 333 1000 556 556 /Flags 32 Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. This FINRA sanction arose out of a Long Island, following the collapse of a NY based Ponzi scheme involving Agape World, Inc. and Agape Merchant Advance, LLC (referred to collectively as Agape) and a federal criminal investigation. Subsequent to that sanction, FINRA conducted another investigation and for the short period it reviewed firms books and records, FINRA found that Park Avenue Securities continued to fail to enforce its written supervisory procedures regarding amendments to FINRAs disclosure reporting forms. Investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. /Flags 36 666 777 722 666 610 722 666 943 556 556 556 556 277 277 277 277 View our featured weekly market perspectives. 1015 666 666 722 722 666 610 777 >> We have launched many investigations of current and former Park Avenue Securities advisors: If you have lost money investing with any of these Park Avenue Securities advisors or others within this brokerage firm, its important that you reach out to an investment loss attorney quickly because the statutes of limitations can bar your claims. /Type /FontDescriptor 333 333 389 583 277 333 277 277 SECURITIES AND EXCHANGE COMMISSION . 277 333 556 556 556 556 259 556 This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. 610 556 556 556 556 500 556 500 15 0 obj 333 736 370 556 583 0 736 552 /FontBBox [ 0 -211 1359 899 ] 333 333 365 556 833 833 833 610 Zoom between states and the national map to see the top spots in each region. Among other things, Park Avenue Securities allowed the general agent to be involved in the investigation. 556 556 556 556 556 556 889 500 /)+"ddiMA_ZeZa . What does this mean and why is this important? 556 556 556 556 556 556 556 556 As one of the largest and oldest mutual life insurance companies in the U.S., Guardian operates for the benefit of its policyholders, rather than outside stockholders. In my many years of experience, Bob is as good or better than anyone I have ever worked with and always gives every case his maximum best effort. 4 0 obj /Ascent 832 Firm is affiliated with an insurance company or agent who may be motivated to insure clients with products that generate high sales commissions when lower cost alternatives may exist. >> Park Avenue Securities LLC Park Avenue Securities LLC. /FontName /Arial 0 [500 ] Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. InJuly 2019, FINRA alleged that the firm "disadvantaged certain retirement plan and charitable organization customers who were eligible to purchase Class A shares in certain mutual funds without a front-end sales charge." What does this mean and why is it important? /ItalicAngle 0 Category filter: Show All (159)Most Common (0)Technology (33)Government & Military (36)Science & Medicine (38)Business (31)Organizations (40)Slang / Jargon (5) Acronym Definition PAS Power Assisted Steering PAS Pasadena (Amtrak station code; Pasadena, CA) PAS Pediatric Academic Societies PAS Parental Alienation Syndrome PAS Publicly Available . /LastChar 255 600 600 600 600 600 600 600 0 Particularly, Park Avenue Securities was fined $300,000.00 and censured by FINRA based upon findings that the firm overcharged investors on unit investment trust transactions placed in customers' accounts. 1499 W Palmetto Park Rd #400 Boca Raton, FL 33486. 600 600 600 600 600 0 600 0 The headquarters of Park Avenue Securities is 10 Hudson Yards New York, NY 10001. /Name /F5 /CapHeight 500 722 722 777 777 777 777 777 583 PARK AVENUE SECURITIES LLC is a Connecticut LLC filed on August 19, 1999. /Type /Font Our partners compensate us through paid advertising. 610 277 277 556 277 889 610 610 Please consult legal or tax professionals Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. . Im confident her experience will bring outstanding value to our financial advisors and their clients.. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. 777 722 722 722 722 666 666 610 /Flags 96 SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. 556 556 277 277 583 583 583 556 When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds and the sale of proprietary investment products. In Computershare, the page will automatically detect who the broker is based on DTC code. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. Give us a call at800-732-2889. Lets discuss your case and see what we can do to help you get the compensation you need and deserve. The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. What does this mean? This website is intended for general public use. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 556 556 556 556 277 277 277 277 556 556 556 556 556 556 556 556 The NSCC member directory is made available here to all interested parties. Feb 16, 2021, 12:25 ET. 399 548 333 333 333 576 537 333 The easiest way to know if you have a viable case against Park Avenue Securities is to call Attorney Pearce at our office at800-732-2889. /Kids [28 0 R 34 0 R 39 0 R 44 0 R 47 0 R 50 0 R 53 0 R 56 0 R 59 0 R 62 0 R 65 0 R 68 0 R 71 0 R 74 0 R 77 0 R 80 0 R 83 0 R 86 0 R 89 0 R 92 0 R 95 0 R 98 0 R 101 0 R 104 0 R 107 0 R 110 0 R 113 0 R 116 0 R 119 0 R 122 0 R 125 0 R 128 0 R 131 0 R 134 0 R 137 0 R 140 0 R 143 0 R 146 0 R 149 0 R 152 0 R 155 0 R 158 0 R 161 0 R 164 0 R 167 0 R 170 0 R 173 0 R 176 0 R 179 0 R 182 0 R 185 0 R 188 0 R 191 0 R 194 0 R 197 0 R 200 0 R 203 0 R 206 0 R 209 0 R 212 0 R 215 0 R 218 0 R ] Sacramento, CA 95826-2800. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case. /** * Error Protection API: WP_Paused_Extensions_Storage class * * @package * @since 5.2.0 */ /** * Core class used for storing paused extensions. What does this mean? ] Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews.