Wachovia Securities Financial Network, LLC (St. Louis)


Wachovia Securities Financial Network, LLC is a large advisory firm based in St. Louis. It manages $8.45 billion of regulatory assets for 43,717 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Wachovia Securities Financial Network provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and market timing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wachovia Securities Financial Network: assets under management

The assets under management (AUM) of Wachovia Securities Financial Network, LLC is $8.45 billion. The firm's AUM has grown by 125% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.97 billion in discretionary accounts and $3.48 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $186.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $202.93 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wachovia Securities Financial Network, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Wachovia Securities Financial Network, LLC

John Gabriel Jr Peluso has been acting as President since 1 May 2003. Paul Cameron Sankovich joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Allan Hebner Secretary 1 Jan 2001 Other 2660723
William Lee Jr Short Srop/crop 1 Jan 2002 Other 876592
Diane Patricia Gabriel Director of sales supervision 1 Apr 2002 Other 1063352
Douglas Frederick Wilburn Director of compliance 1 Jan 2003 Other 1407686
Gregg Steven Glaser Manager/cfo 1 May 2003 Other xxx-xx-xxxx
John Gabriel Jr Peluso Manager/president 1 May 2003 Other 1902776
Karen Hutcheson Wimbish Manager/coo 1 May 2003 Other 2774186
Everen Capital Corporation Stockholder 1 May 2003 75% - 100% 36-4019175
Llc Wachovia/Prudential Financial Advisors Sole member 1 Jul 2003 75% - 100% 72-1560834
Jean Deshazo Jumet Director of compliance 1 Jul 2003 Other 736446
Llc Wachovia Securities Financial Holdings Sole member 1 Dec 2003 75% - 100% 72-1560834
Kevin Thomas Burke Senior registered options principal 1 Apr 2004 Other 1907003
Ryan Eugene Main Compliance registered options principal 1 Apr 2004 Other 2543162
David Robert Brant Manager/cfo 1 Sep 2004 Other 2718478
Patricia R. Centeno Ia chief compliance officer 1 Oct 2004 Other 2239528
Patricia Reed Centeno Ia chief compliance officer 1 Oct 2004 Other 2239528
Jeffrey Scott Sr. Wallace Cfo 1 Feb 2005 Other 2350996
Paul Mitchell Waldman Secretary 1 Aug 2005 Other 1885767
Michael Douglas Roberts Cao/member-board of managers 1 Jan 2006 Other 1093883
Paul Cameron Sankovich Chief compliance officer 1 Aug 2006 Other 2475029
William Lee Jr Short Srop/crop 1 Oct 2006 Other 876592
Modesto Moya Srop 1 Jul 2007 Other 1174389
Ryan Eugene Main Crop 1 Jul 2007 Other 2543162
Lia Bettenhausen Goff Cfo/member-board of managers 1 Sep 2007 Other 2508087
Marc Alan Mahat Crop 1 Mar 2008 Other 1967091
Edgar Allen Ii Cole Ia chief compliance officer 1 Mar 2008 Other 2362072
Douglas Laird Kelly General counsel 1 Mar 2008 Other 2428802
Kevin Michael Lawlor Cfo/member-board of managers 1 Jul 2008 Other 1952433
Lawrence Paul Sandor Chief compliance officer 1 Aug 2008 Other 4545837
James Roy Burdette Chief compliance officer (ia only) 1 Oct 2008 Other 2793232
Kevin Brady Hurley Chief compliance (ia only) 1 Dec 2008 Other 1293748
Nicholas R Piccininni Chief compliance officer 1 Dec 2008 Other 1789390
Paul Cameron Sankovich Chief compliance officer 1 Apr 2009 Other 2475029

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Prudential Securities Group Stockholder 1 Dec 1981 75% - 100% 22-2347336
Inc Prudential Capital & Investment Services Stockholder 1 Nov 1982 75% - 100% 22-2422630
Llc Prudential Capital & Investment Services Stockholder 1 Nov 1982 75% - 100% 22-2422630
Inc. Pruco Stockholder 1 Dec 1983 75% - 100% 22-1916656
Inc. Prudential Financial Stockholder 1 Dec 2001 75% - 100% 22-3703799
Wachovia Corporation Stockholder 1 May 2003 75% - 100% 54-0898180
Llc Wachovia Securities Holdings Member 1 Jul 2003 50% - 75% 72-1560830
Everen Capital Corporation Sole member 1 Jul 2003 75% - 100% 36-4019175
Prudential Securities Incorporated Member 1 Jul 2003 25% - 50% 7471
Llc Wachovia Securities Holdings Member 1 Dec 2003 50% - 75% 72-1560830
Inc. Prudential Securities Group Stockholder 1 Apr 2004 25% - 50% 22-2347336
Inc. A.G. Edwards Share holder 1 Jan 2008 75% - 100% 26-1271560
Wachovia Corporation Stockholder 1 Jan 2009 75% - 100% 26-3918610
Wells Fargo & Company Share holder 1 Jan 2009 75% - 100% 41-0449260

Based in St. Louis

The principal office where Wachovia Securities Financial Network, LLC performs its advisory services is located at One North Jefferson Avenue, St. Louis, MO 63103, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-258-4606 or by fax 314-955-4308. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.wachoviasec.com.

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