333 736 370 556 583 0 736 552 >> Home; Firm Overview. Fees & Compensation. 399 548 333 333 333 576 556 333 park avenue securities dtc number. CRD#: 46173 /SEC#: 801-58108,8-51324. 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). * A few of the notable FINRA sanctions for its supervisory failures are below: FINRA investigated Park Avenue Securities and discovered that it 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 (Eligible Customers). These Independent brokerage business operations are worrisome to the North American Securities Administrators Association (NASAA), which has documented more instances of sales abuse and consequently investor losses at these firms than the traditional brokerage firms with branch offices with on-site managers and compliance personnel. >> This website is intended for general public use and is for educational purposes only. Check the background of Park Avenue Securities and your financial professional on FINRAs BrokerCheck, 2017 Park Avenue Securities LLC. What does this mean and why is this important? 399 548 333 333 333 576 537 333 FINRA also found that Park Avenue Securities failed to enforce its written supervisory procedures related to its direct mutual fund and 529 Plan business when switches were made among mutual fund accounts and 529 Plan accounts. What conflicts do I need to be made aware of? 10. What does this mean? Park Avenue Securities LLC (PAS) is a wholly-owned subsidiary of The Guardian Life Insurance Company of America, which has a rich heritage . 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. Why doesnt your firm use a secure website? 722 277 500 666 556 833 722 777 /Type /Pages OSJ: 333 N Indian Hills Blvd, Claremont, CA 91711, Ph: 909-399-1100. /ItalicAngle 0 Park Avenue Securities LLC. Park Avenue Securities also offers services such as financial planning through its Financial Representatives. 1,792. Guardian Life A "freeze," formally referred to as a "global . /FontDescriptor 7 0 R /FontDescriptor 15 0 R SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Check only one of the following seven boxes. 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. /BaseFont /CourierNew %PDF-1.3 Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. FINRA data last verified February 17, 2023. Click "Show" to reveal your account number STEP 4: Initiating a stock transfer to your broker with DTC code with Computershare as an example. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Caswell obtained her Bachelor of Arts in Mathematics with a concentration in Business and Communication from Canisius College in Buffalo, New York. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". For more information, please visitguardianlife.comorfollow us onFacebook,LinkedIn,TwitterandYouTube. There have been approximately 17 Federal, state and self-regulatory body disclosure events; that is, pending or final formal proceedings initiated by a regulatory authority (e.g., a state or federal securities agency like the U.S. Securities and Exchange Commission (SEC) or self-regulatory body like the Financial Industry Regulatory Authority (FINRA) and theNorth American Securities Administrators Association (NASAA)) for a violation(s) of investment-related rules or regulations. Its important to have confidence in those who support you and yourfinancial representative. 556 556 333 500 277 556 500 722 ] You need someone who's got your back. What does this mean and why is this important? Find company research, competitor information, contact details & financial data for Park Avenue Securities LLC of Memphis, TN. Lets discuss your case and see what we can do to help you get the compensation you need and deserve. << /Length 345 >> If you have questions about Park Avenue Securities LLC and/or John Kwit and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889. 600 600 600 600 600 0 600 600 /Ascent 905 333 556 610 556 610 556 333 610 This translates to a commitment of conservative, long-term thinking rather than short-term profits. Incline Village, Posted on June 12, 2022 by . Your trusted wealth management destination. All investing involves risk, including loss of principal. DALBAR Financial Intermediary Award winner for the 5th consecutive year. 333 1000 666 333 1000 0 610 0 natixis securities americas llc 0032: deutsche bank securities inc.- stock loan 0033: commerz markets llc/fixed inc. repo & comm. Use of most services provided by the regulated DTCC subsidiaries generally require membership in that subsidiary. 3720 Sw 58 Avenue, Miami, FL 33155. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. Institutional clients of the firm include retirement plans, charitable organizations, insurance companies and businesses. endobj / jp morgan chase dtc number 902. jp morgan chase dtc number 902. 666 666 666 666 277 277 277 277 /FontDescriptor 9 0 R 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. Some firms receive these fees as payments, which creates an incentive to promote them. When? Caswell is dedicated to raising awareness for childhood cancer research and has previously served on the board for the Association for Research of Childhood Cancer in Buffalo. Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. 600 600 600 600 600 600 600 0 For more information, please visitguardianlife.comorfollow Guardian onFacebook,LinkedIn,TwitterandYouTube. /Count 62 610 556 556 556 556 500 556 500 A Self-Regulatory Organization 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. /StemV 0 /FirstChar 32 We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. /LastChar 255 FMG Suite is not affiliated with the named NV This could also limit the number and diversity of investment options available and may impact their transferability. What does this mean and why is it important? endobj Regulatory disclosures state that firm sells proprietary investments and products. Caswell also serves as the President of Guardians wholly owned subsidiary, Innovative Underwriters (IU), a full-service brokerage general agency committed to helping FRs serve their clients with access to non-proprietary products. While partners may pay to provide offers or be featured, e.g. 600 600 600 600 600 600 600 600 10 0 obj 556 556 556 556 556 556 556 548 Im confident her experience will bring outstanding value to our financial advisors and their clients.. 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. CA insurance license #0G53717 AR insurance license #9477659 556 556 277 277 583 583 583 556 Securities products [and advisory services] offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. tips_and_updates Financial Advisor Education. % The SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of its rules. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. 333 1000 666 333 1000 0 610 0 Park Avenue Securities, registered in 2000, serves 53 state (s) with a licensed staff of 1,696 advisors. Give us a call at800-732-2889. What does this mean? Investor.com is your trustworthy guide to the world of personal finance. As a result, we do not support personal reviews on the site. endobj clears via dtc 0015 clears via dtc 0418 dealerweb/hilliard farber & co., inc. hilliard farber . ] /Registry (eA) /CapHeight 500 600 600 600 600 600 600 600 600 They are not devoted full-time supervisors of the smaller branch offices. Whether its building a long-term investment strategy for retirement, saving for college,or capital preservation, at Park Avenue Securities, we provide financial professionalswith the products and tools to help you step forward to take charge of your financial future and achieve financial success. 666 777 722 666 610 722 666 943 Will any of my assets be invested in those products? Whether it's building a long-term investment strategy for retirement, saving for college, or capital preservation, at Park Avenue Securities, we provide financial advisors with the products and tools to help you step forward to take charge of your financial future and achieve financial success. >> Firm or a related person trades securities for themselves that they also recommend to their clients. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? New York, NY 10001 (888) 600-4667. . /Type /FontDescriptor 722 722 777 777 777 777 777 583 /FontFile2 18 0 R Particularly, Park Avenue Securities was fined $300,000.00 and censured by FINRA based upon findings that the firm overcharged investors on unit investment trust transactions placed in customers' accounts. In fact, it is not unusual for there to be only one compliance audit visit per year at many of these offices. All requests for updated information should also be reported directly to the SEC and/or FINRA. Investment advisory representatives (IARs)of the firm manage these programs on behalf of clients. /FontDescriptor 13 0 R Please note that the Excel files are updated once a month, although Important Notices providing updates to the list of participants are issued weekly by NSCC. The SEC Ordered Park Avenue Securities to cease-and-desist from those violations, censured the investment advisory firm and ordered it to pay over one half million dollars in disgorgement and prejudgment interest to the affected investors. >> This website is intended for general public use. 277 277 354 556 556 889 666 190 With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. Restavek Freedom Tax ID: [EIN] 20-8334578 Note: All deliveries must include the name of the account (Restavek Freedom) and the account number (7340-9319).Search: Aba 021000021. /Name /F3 Use of most services provided by the regulated DTCC subsidiaries generally require membership in that subsidiary. Investments can be both long-term (held for a year or longer) or short-term (held for less than a year) in nature, depending on market conditions and your needs. Member FINRA, SIPC. /LastChar 255 /ItalicAngle 0 ';+ Sy"$*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 However, registered advisors must uphold their fiduciary duty to always prioritize clients' best interests when making recommendations. Its independent broker-dealer Business Model has grown through acquisition and organic development of primarily one and two person registered representative offices supervised remotely. Today, we're a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace and through government sponsored programs. How do these benefits affect the firms selection of a broker-dealer partner? Please contact a financial representative for guidance and information specific to your individual situation. << Find a Financial Representative. One-Time Checkup with a Financial Advisor, Investment advisory representatives (IARs), Council for Community and Economic Research, Park Avenue SMA Select: Varies on an advisor-to-advisor basis, Strategist Select and Strategist Select Plus:$10,000, Foundations/Quantitative Innovations: $10,000, If youre not sure how to diversify your portfolio, use our. 11 0 obj In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. This FINRA investigation revealed Park Avenue Securities failure to enforce its existing supervisory procedures into areas. The opinions expressed and We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. Learn more. During Park Avenue Securities investigation of the two employees, it learned from them that other registered representatives knew about [their] contacts with Agape. Among those identified was one of their three insurance supervisors (the general agent). 556 556 277 277 583 583 583 556 277 333 556 556 556 556 259 556 /FontBBox [ -665 -325 2000 1040 ] Related Read:Can You Sue Your Brokerage Firm? Which securities does your firm trade for itself that it will also be recommending to me? 666 666 666 666 666 666 1000 722 Rocketreach finds email, phone & social media for 450M+ professionals. Our commitments rest on a strong financial foundation, which at year-end 2019 included $9.3 billion in capital and $1.7 billion in operating income. The SEC's Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about the effects of chills and freezes on an investor's ability to hold and trade securities. Questions to ask Today,the firm exists as a wholly owned subsidiary of The Guardian Life Insurance Company of America, a life insurance and annuity company. << 1499 W Palmetto Park Rd #400 Boca Raton, FL 33486. For these supervisory failures, FINRA censured the broker-dealer, and fined it $175,000. For example, front-running is when a financial professional buys or sell securities ahead of their client. Consult With An Attorney Who Recovers Investment Losses Caused By Park Avenue Securities LLC Today! Your nominee must also initiate electronically, using DTC's DWAC system, a withdrawal of the relevant Units and a . FMG Suite to provide information on a topic that may be of interest. Park Avenue Securities offers investment advisory services to both non-high-net-worth and high-net-worth individuals, . As a final positive reflection of Robert, his staff is highly skilled and always welcoming. Also, scroll over any city to learn about the cost of living in retirement for that location. /BaseFont /Arial Website. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their clients. Our partners compensate us through paid advertising. B . Member FINRA, SIPC. << /Filter /FlateDecode /Length 2919 /Length1 5536 >> 556 556 556 556 556 556 889 500 Park Avenue Securities is a Finance, and Brokerage company located in New York, New York with $12.00 Million in revenue and 161 employees. Posted on 1 second ago; June 24, 2022 . Questions to ask Experienced Financial Professional Careers, Check the background of Park Avenue Securities and your financial professional on FINRAs BrokerCheck. This is not an offer to buy or sell any security or interest. 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. Questions to ask For the most up-to-date information, please view the applicable SEC and FINRA reports above. 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. Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. Questions to ask The firm offers both standard advisory fee schedules and wrap fee programs. 556 222 222 500 222 833 556 556 endobj endobj 2023 Law Offices of Robert Wayne Pearce. /Flags 32 Operating as an online business, this site may be compensated through third party advertisers. 1740 Technology Dr Ste 530 San Jose, CA 95110. 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. What does this mean? 26. I am an Expert Witness in Securities and Investment related litigation. How do we make money? 0 222 222 333 333 350 556 1000 park avenue securities dtc number. We know how to get you there. 333 736 370 556 583 0 736 552 /FontBBox [ -517 -325 1359 998 ] What does this mean? 666 666 666 666 277 277 277 277 /Type /Font 26. >> This review was produced by SmartAsset based on publicly available information. Does your firm offer mutual funds that have 12b-1 fees? The stock market lost some ground this week due to a sense that the market was due for a period of consolidation on the back of rate-hike and valuation concerns. /Type /FontDescriptor The settlement arose out of Park Avenue Securities breaches of fiduciary duty and inadequate disclosures by the investment advisory firm in connection with its mutual fund share class selection practices and the fees it received pursuant to Rule 12b-1 under the Investment Company Act of 1940 (12b-1 fees). What does this mean? Write by: . /Type /Font Terms of Use | Disclaimers | Privacy Policy. /Type /FontDescriptor 500 500 500 333 259 333 583 0 /Subtype /TrueType 666 777 722 666 610 722 666 943 /CapHeight 500 The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Home Brokerage Firm Review: Park Avenue Securities LLC. This differs from a typical financial advisory firm that has its own set of on-staff advisors. DTC stands for Depository Trust Company and is typically a 4-digit number that helps facilitate transactions between financial institutions. Unlike HTTPS connections, HTTP connections are not encrypted. Investors were still saddled with the same issues that drove last week's downbeat price action. In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a felony. /BaseFont /DDACTR+Wingdings /Ascent 905 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. This field is for validation purposes and should be left unchanged. FINRA imposed a censure and fine of $195,000 for those supervisory lapses. Visit Site. The Guardian community of over 9,000 employees and our network of over 2,500 financial representatives is committed to serving with expertise when, where and how our clients need us. 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. << 600 600 600 600 600 0 600 600 888-600-4667 600 600 600 600 600 600 600 600 (212) 919-8551Ana_Sandoval@glic.com. Why Does Park Avenue Securities Have So Many Regulatory Problems And Customer Complaints? As a consumer advocacy project, investor.com does not charge any licensing fees for earned state accolade badges. Firms that earn a 4.5 or 5 star rating are also eligible to receive the "Trusted by investor.com" badge. 333 556 556 500 556 556 277 556 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. Park Avenue Securities currently serves clients in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, WY. Some of this material was developed and produced by endobj 610 556 556 556 556 500 556 500 What does this mean and why is it important? The company's filing status is listed as Active and its File Number is 0628369. February 27, 2023 . /Name /F2 Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. 333 556 556 500 556 556 277 556 Park Avenue Securities (CRD# 46173) has been registered with the SEC and FINRA since 1999. Click to log in to our other vendors SEI Private Trust Company and AssetMark. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. /Ascent 832 600 600 600 600 600 600 600 600 A "chill" is a limitation of certain services available for a security on deposit at The Depository Trust Company ("DTC"). 556 556 556 556 556 556 556 556 The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. According toits SEC-filed Form ADV, Park Avenue Securities has26disclosures on its record. 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. Copyright 2020 The Guardian Life Insurance Company of America, New York, N.Y. Employees leaving work-sponsored plans or COBRA, Plan for the retirement you want and envision, Confidentiality for domestic violence victims, Agreement to conduct business electronically, Do Not Sell or Share My Personal Information. 600 600 600 600 600 600 600 600 333 333 389 583 277 333 277 277 610 277 277 556 277 889 610 610 10 Hudson Yards, New York, NY1-888-600-4667 Website. Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. See Advisors At This Firm. 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. 722 277 556 722 610 833 722 777 The business model of these franchise type operations is to open many offices nationwide for steady growth of fixed monthly revenues without the costs attendant to a full-service branch office with on-site manager, compliance officer and operation personnel. It is now one of the 50 largest independent broker-dealer and investment advisory firms in the United States. << /ItalicAngle 0 We have reported and written about these regulatory problems and customer complaints over many years. /Subtype /CIDFontType2 participant account name number deutsche bank securities inc. 0573 deutsche bank securities inc.- stock loan 0032 deutsche bank securities inc.-international stock loan 5162 deutsche bank securities inc.-fixed income stock loan 5225 deutsche bank trust company americas 1503 dbtc americas/ctag/puts & demands 2041 dbtc americas/ctag-ges 2655 What percentage of income does your firm receive from fees versus commissions? The SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Lets discuss your case and see what we can do to help you get the compensation you need and deserve. Brokerage Firm Review: Park Avenue Securities LLC, Park Avenue Securities LLC Has Many Different Regulatory Problems, A BRIEF OVERVIEW OF SOME OF THE REGULATORY PROBLEMS PARK AVENUE SECURITIES HAS FACED OVER THE YEARS*, Park Avenue Securities Customer Complaints. These conflicts can negatively impact clients via hidden fees and overall higher costs. Feb 16, 2021, 12:25 ET. Why does your firm believe in offering commission-based services to clients? The DTC number is a number that is issued in connection with Depository Trust Company transactions. What does this mean and why is it important? Park Avenue Securities LLC Park Avenue Securities LLC. What does this mean? OSJ: 333 N Indian Hills Blvd, Claremont, CA 91711, Ph: 909-399-1100. /Encoding /WinAnsiEncoding How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? PAS is a wholly-owned subsidiary of Guardian. What does this mean? Park Avenue Securities rapid growth has not been without consequences. /FontName /CourierNew Questions to ask 89450. Firm is a broker-dealer, or is affiliated with one, and may be subject to compensation-related conflicts of interest. /Ascent 905 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. /Ascent 905 /)+"ddiMA_ZeZa . .Amount due. 600 0 600 600 600 600 600 600 20 Bicentennial Cir Ste 100. !B? paper 0045: bmo capital markets corp. . As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. /Flags 35 park avenue securities dtc number. Cities where $1 million lasted the longest ranked the highest in the study. Park Avenue Securities and its IARs dont put many restrictions, if at all, on the types of securities it considers. /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 ] 556 556 277 277 583 583 583 556 When financial advisor misconduct has caused you to lose substantial value to your investment accounts, you have the right to seek reimbursement from the responsible parties. 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 . The supervisors at the OSJs are not employees of the franchisor and often run their own brokerage, insurance and other businesses. Whether its building a long-term investment strategy for retirement, saving for college,or capital preservation, at Park Avenue Securities, we provide financial professionalswith the products and tools to help you step forward to take charge of your financial future and achieve financial success. Independent broker-dealers are notorious for their lax supervisory practices and procedures. 666 777 722 666 610 722 666 943 7 0 obj Find company research, competitor information, contact details & financial data for Park Avenue Securities LLC of New York, NY. Park Avenue Securities also received 12b-1 fees for advising clients to invest in or hold such mutual fund share classes. By providing this content, Park Avenue Securities LLC is not undertaking to provide any recommendations or investment advice regarding any specific account type, service, investment strategy or product to any specific individual or situation, or to otherwise act in any fiduciary or other capacity.