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Madison Avenue Securities Review

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Madison Avenue Securities, registered in 2009, is a Registered Investment Advisor (RIA) in 49 state(s) with a licensed staff of 85 advisors. Madison Avenue Securities manages $1.0 billion and provides investment advisory services for 11,100 clients (1:131 advisor/client ratio).



Disciplinary Questions


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

announcement Your firm 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?


announcement Your firm or an advisory affiliate has previously been found guilty of 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?


announcement The SEC, CFTC, or another regulatory agency has previously entered an order against your firm 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?


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


Conflict Questions


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

announcement What percentage of income do you receive from fees versus commissions?

Why ask? This firm can accept commissions for its investment advisory services. These commissions may be earned from the sale of investment or insurance products and are paid by the companies providing the products being sold. While this allows for a broader range of investment options and management styles a firm can offer, it can also create an incentive for the firm to put their financial interests ahead of your own. Is the firm’s purpose to provide you financial planning and ongoing advice or to sell commission-based products to its clients?

announcement Is your firm also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How do you mitigate them?

Why ask? Currently this firm 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.

announcement Do you offer mutual funds that have 12b-1 fees?

Why ask? 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.

announcement How do you approach insurance sales? What conflicts do I need to be made aware of?

Why ask? Currently this firm actively practices as insurance brokers or agents, or they are affiliated with an insurance company or agency. 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.

announcement Which securities do you trade for yourself that you will also be recommending to me?

Why ask? This firm 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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Firm Information


As a financial advisory firm, also known as a Registered Investment Advisor (RIA), Madison Avenue Securities can provide a variety of financial planning services for Americans. The goal of a financial advisor is to review your personal finances and work with you to achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan. Financial advisors focus primarily on money management, including investments like stocks, ETFs, and mutual funds.

Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.

Summary Firm
Minimum Investment Ask firm
Average Client Balance $90,540
Total AUM $1.0 billion
Fee Range Ask firm
Advisor / Client Ratio 1:131
Website Visit Site
Phone Number 888-627-7323
Headquarters San Diego, CA
Facebook Facebook page unknown
Twitter Twitter handle unknown
LinkedIn LinkedIn page unknown
SEC Filings View SEC IAPD CRD #23224





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 Madison Avenue Securities:




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




FAQs





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This automated report was generated using SEC and FINRA data and was last updated on September 4th, 2020*. For data support, email "support@investor.com". Views: 137 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


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