About USA Financial Securities®
Member FINRA / SIPC
Registered Investment Advisor
- Independent BD & RIA Services
- No Haircut on Fixed Annuities & Insurance
- No Haircut on Equity Index Annuities
Independent BD & RIA Services (Member FINRA / SIPC & Registered Investment
Advisor)
In the 1990's, as traditional financial services philosophies and segmentation blurred
dramatically, it became evident that it was nearly impossible to function successfully
without a broker dealer and securities licensed support staff. However, we also
realized that the historical broker dealer business model was archaic and quickly
becoming obsolete. For all intents and purposes, traditional broker dealers have
eroded to nothing more than conduits specifically designed to process business,
track commissions and oversee compliance... While these are important functions,
BD's had become vanilla, as all the value-added had disappeared and/or become commoditized.
Understanding this reality allowed us to design a broker dealer that filled a valuable
niche for top-Advisors (including top-notch technology) while embracing the benefits
of co-existence with the other uniquely positioned Wealthnetic entities.
No Haircut on Fixed Annuities & Insurance
Based upon current regulation, fixed annuities and insurance are not considered
a securities product and therefore are not reviewed for suitability or subject to
any payout grid. Again, based upon current regulation, USA Financial Securities®
does not consider such products to be securities transactions and you are free to
pursue your own distribution relationships.
No Haircut on Equity Index Annuities
Based upon the FINRA Notice to Members 05-50, we consider equity index annuities
to be a non-securities transaction that is monitored for suitability review by the
Broker Dealer. As such, USA Financial Securities® has entered
into a service agreement with AnnuAssure
in order to provide the most conducive business environment possible for the Reps.
All Reps are required to place their equity index annuity business through
AnnuAssure as the distributor
so that USA Financial Securities® may readily access the business for suitability
review. No more than ten percent of a rep's business may flow outside of this distribution
relationship (this business still must be submitted to the BD for review). In return,
the rep may maintain full commissions, as the transactions will not be subject to
any payout grid, even though USA Financial Securities® will be protecting everyone's
interests by conducting proper suitability review of all equity index annuity cases.