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Popular Securities Review

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Popular Securities, registered in 2000, is a Registered Investment Advisor (RIA) in 1 state(s) with a licensed staff of 43 advisors. Popular Securities manages $2.3 billion and provides investment advisory services for 1,710 clients (1:40 advisor/client ratio).



Disciplinary Questions


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

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 Popular Securities, our system has identified the following question(s) to ask. Learn more.

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 Regulatory disclosures state that your firm sells proprietary investments and products. Please provide me a list of the products and a summary of how much you earn from them.

Why ask? This firm 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.

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), Popular 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
Advisors Directory View Directory
Avg Advisor Years Registered 15
Minimum Investment Ask firm
Average Client Balance $1,347,836
Total AUM $2.3 billion
Investment-Related Prohibition - Court No
Advisor / Client Ratio 1:40
Website Visit Site
Phone Number 787-758-7400
Headquarters San Juan, San Juan
SEC Filings View SEC IAPD CRD #8096



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 Popular 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").



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


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