Santander Securities LLC is a large advisory firm based in Dorchester. It manages $1.02 billion of regulatory assets for 6,514 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Santander Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Santander Securities LLC is $1.02 billion. $6.4 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Santander Securities LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and corporations or other businesses. The largest group of clients of Manuel Jose Augusto Damian Aya Smitmans is individuals with 6,315 clients and $941.37 million of assets under management. Among the 8 most similar advisory firms, Santander Securities has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $968.38 million for 6,350 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Santander Securities doesn't advise any private funds.
The company employs 1,087 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. 289 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Manuel Jose Augusto Damian Aya Smitmans has been acting as President since 1 Jul 2018. Maura Keegan Fairbanks joined the executive team most recently as the Chief Operations Officer.
The principal office where Santander Securities LLC performs its advisory services is located at 2 Morrissey Boulevard, Dorchester, MA 02125, which is also the mailing address of the firm. An additional office of the firm is in Cherry Hill, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (866)-736-6475 or by fax 617-740-8422. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at santandersecurities.com.