USA FINANCIAL SECURITIES CORPORATION
Adviser information for USA FINANCIAL SECURITIES CORPORATION last updated from Form ADV on March 27th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Michigan, United States |
Employees
| Total Number of Employees | 166 |
|---|---|
| Investment Advisory/Research | 141 |
| Registered Broker-Dealer Representatives | 147 |
| Registered State Investment Advisers | 141 |
| Licensed Agents of an Insurance Company | 166 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 932 | $174.0M |
| Non-Discretionary | 463 | $94.7M |
| Total | 1,395 | $268.7M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 1,364 | $218.7M |
| HNW Individuals | 31 | $48.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 4 | $1.0M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 265 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 251-500 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMHourly chargesFixed feesCommissions |
| Other Business Activities | Broker-dealer |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 268.7M |
| Portfolio Manager | 0 |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| USA STRATEGIC PORTFOLIO | USA FINANCIAL SECURITIES CORPORATION |
Identifiers
| SEC RIA File Number | 801-68276 |
|---|---|
| SEC ERA File Number | 801-68276 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 103857 |
| Legal Entity Identifier | None |
Principal Office
6020 EAST FULTON STREETADA
MI
United States
Monday - Friday, 8AM - 5PM
Tel: 888-407-8198, Fax: 888-532-4757
Chief Compliance Officer
DAWN THOMASON
CHIEF COMPLIANCE OFFICER
6020 EAST FULTON STREET
ADA
MI
United States
Tel:
1-888-407-8198, EXT 467
Fax:
1-888-532-4757
D********@***************M
(Full email address available in API data)
Industry Affiliates
| USA FINANCIAL EXCHANGE CORPORATION | Other investment adviser, including financial planners |
| USA FINANCIAL FORMULAS CORPORATION | Other investment adviser, including financial planners |
| USA FINANCIAL INSURANCE | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| ENDERS, BRENT DAVID | Individual | – | PRESIDENT/DIRECTOR/TRUSTEE OF BRENT D. ENDERS TRUST U/A DTD 06/17/2004 | 08/2005 | < 5% |
| WALTERS, MICHAEL DAVID | Individual | – | CHAIRMAN OF THE BOARD/CHIEF EXECUTIVE OFFICER/DIRECTOR/TRUSTEE OF THE MICHAEL D. WALTERS TRUST U/A DTD 3/13/1996 | 02/1998 | < 5% |
| BACHERT, WILLIAM CLAYTON | Individual | – | CHIEF FINANCIAL OFFICER/FINANCIAL OPERATIONS PRINCIPAL (PRIMARY)/MUNICIPAL PRINCIPAL/DIRECTOR | 06/2006 | < 5% |
| USA FINANCIAL CORPORATION | Domestic Entity | – | OWNER | 01/2010 | > 75% |
| MICHAEL D. WALTERS TRUST UNDER AGREEMENT DATED MARCH 13, 1996 | Domestic Entity | WEALTHNETIC CORPORATION | TRUST/INDIRECT OWNER | 01/2010 | 25-50% |
| BRENT D. ENDERS TRUST UNDER AGREEMENT DATED JUNE 17, 2004 | Domestic Entity | WEALTHNETIC CORPORATION | TRUST/INDIRECT OWNER | 01/2010 | |
| WALTERS, MICHAEL DAVID | Individual | MICHAEL D. WALTERS TRUST | TRUSTEE/INDIRECT OWNER | 03/1996 | 25-50% |
| ENDERS, BRENT DAVID | Individual | BRENT D. ENDERS TRUST | TRUSTEE/INDIRECT OWNER | 06/2004 | |
| MERSMAN, MARK ROBERT | Individual | – | CHIEF MARKETING OFFICER | 10/2012 | < 5% |
| MCCONNELL, JAMES CARROLL JR | Individual | – | CHIEF OPERATIONS OFFICER | 11/2021 | < 5% |
| THOMASON, DAWN M | Individual | – | CHIEF COMPLIANCE OFFICER | 08/2022 | < 5% |