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Credit Suisse Securities (USA) Review

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Credit Suisse Securities (USA), registered in 1999, serves 50 state(s) with a licensed staff of 53 advisors. Credit Suisse Securities (USA) manages $494.7 million and provides investment advisory services for 17 clients (1:1 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $29,101,232
Total AUM $494.7 million
Fee Range Ask firm
Advisor / Client Ratio 1:1
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 212-325-2000
Headquarters New York, NY
Locations See locations
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SEC Filings View SEC IAPD CRD #816


Disciplinary Questions


After checking the disciplinary records of Credit Suisse Securities (USA), our system has identified the following question(s) to ask. Learn more.


Credit Suisse Securities (USA) or an advisory affiliate has at least one felony conviction.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


In the past 10 years, a domestic or foreign court has issued an injunction against Credit Suisse Securities (USA) or an advisory affiliate in connection with an investment-related activity.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Credit Suisse Securities (USA) or an advisory affiliate was previously found guilty of making false statements or omissions by the SEC, CFTC, or another regulatory agency or organization.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Credit Suisse Securities (USA) or an advisory affiliate was previously involved with violating a regulation or statute by a domestic or foreign court, the SEC, CFTC, or another regulatory body or commodities exchange.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Credit Suisse Securities (USA) or an advisory affiliate has previously been fined or ordered to cease and desist activity by the SEC or CFTC.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


The SEC, CFTC, or another regulatory agency has previously entered an order against Credit Suisse Securities (USA) or an advisory affiliate in connection with an investment-related activity.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Credit Suisse Securities (USA) or an advisory affiliate has at least one investment-related misdemeanor conviction.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Previously Credit Suisse Securities (USA) or an advisory affiliate was found to be the cause for an investment-related business having its authorization to do business denied, suspended, or revoked.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


A regulatory agency has previously denied, suspended, or revoked your firm’s or an advisory affiliate’s registration or license or otherwise restricted their activities.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Credit Suisse Securities (USA) or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities with a Self-Regulating Organization or commodities exchange.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Our system found no other disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Credit Suisse Securities (USA), our system has identified the following question(s) to ask. Learn more.


Is Credit Suisse Securities (USA) also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Credit Suisse Securities (USA) mitigate them?


Currently Credit Suisse Securities (USA) is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.


Does Credit Suisse Securities (USA) offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Regulatory disclosures state that Credit Suisse Securities (USA) sells proprietary investments and products. Please provide me a list of the products and a summary of how much Credit Suisse Securities (USA) earns from them.


Credit Suisse Securities (USA) recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.


Does Credit Suisse Securities (USA) offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. 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. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Credit Suisse Securities (USA) perform side-by-side management? How does Credit Suisse Securities (USA) mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. 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 retail clients.


Does Credit Suisse Securities (USA) recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Will any of my assets be invested in those products?


Credit Suisse Securities (USA) recommends securities that they may have recently taken public or otherwise have controlling interest over. This relationship could introduce bias where a firm and its advisors may push those products over others that may have a more favorable performance with which they are not affiliated.


Which securities does Credit Suisse Securities (USA) trade for itself that it will also be recommending to me?


Credit Suisse Securities (USA) has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Credit Suisse Securities (USA):




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




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