- 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 USA Financial® 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 USA Financial Distribution®, 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 USA Financial Distribution® 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.
USA Financial Securities® partners with the best Technology Providers.
