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Three advisors tell why they fled Securities America for Commonwealth

Scandal soured the advisors on the Securities America and set them on a search for a firm with a compatible culture

Author Lisa Shidler August 3, 2011 at 6:06 AM
1 Comment
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John Smallwood: We knew we made the wrong decision but that was July 2008 and the world blew up and we were stuck.

Cambridge Investment Research

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LPL

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Commonwealth Financial Network

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Securities America

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Smallwood Capital

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Tonkinson Financial


janet rose

janet rose

October 4, 2014 — 4:54 PM

On 10/03/2014 I gave Davenport & associates $2000 to be part of their financial investment plan. I should have researched the company first. I did not know of their relationship with SECURITIES OF AMERICA which doesn’t seem to have such a great reputation. Should I run from Davenport & associates?

The $2000 was for three meetings to determine if the company is right for me???


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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Commonwealth Financial Network
RIA-Friendly Broker-Dealer, Tech: Other
Top Executive: Wayne Bloom



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