Founders Financial Securities, LLC (Towson)

Name: Founders Financial Securities, LLC
Address: 1020 Cromwell Bridge Road, Towson, MD, 21286
Telephone: 410-308-9988

Founders Financial Securities, LLC is a large advisory firm based in Towson. It manages $1.05 billion of regulatory assets for 10,124 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Founders Financial Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Founders Financial Securities: assets under management

The assets under management (AUM) of Founders Financial Securities, LLC is $1.05 billion. The firm's AUM has grown by 1128% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $905.43 million in discretionary accounts and $142.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $159.74 thousand.

Founders Financial Securities has custody of $3 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Founders Financial Securities, LLC for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bradley Matthew Shepherd serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Bradley Matthew Shepherd is individuals with 7,056 clients and $848.37 million of assets under management. Among the 12 most similar advisory firms, Founders Financial Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.05 billion for 7,241 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Founders Financial Securities doesn't advise any private funds.

Careers at Founders Financial Securities, LLC

The company employs 104 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 91 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bradley Matthew Shepherd has been acting as President since 1 Jun 2014. Jill Anne Reckamp joined the executive team most recently as the Finop.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Founders Financial	Member	1 Sep 2004	75% - 100%	52-2062849
Bradley Matthew Shepherd	President/chief marketing	1 Nov 2004	Other	2303045
James Randall Jr. Farnum	Cfo/finop	1 Nov 2004	Other	4614704
Richard Raymond Briggs	Chief compliance officer/compliance registered options principal	1 Oct 2005	Other	2592596
Karen Ann Steighner	Finop	1 May 2010	Other	1100675
Karen Elizabeth Beech	Chief compliance officer	1 Jun 2012	Other	3252712
Sarah Margaret Westbrook	Chief compliance officer	1 Jan 2014	Other	4751500
Bradley Matthew Shepherd	Chief compliance officer, president	1 Jan 2014	Other	2303045
Bradley Matthew Shepherd	President	1 Jun 2014	Other	2303045
Joseph Victor Krcma	Chief compliance officer	1 Jun 2014	Other	2790534
Jill Anne Reckamp	Finop	1 Mar 2015	Other	4767622

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Owens Brooks	Shareholder	1 Oct 1994	75% - 100%	2562243

Based in Towson

The principal office where Founders Financial Securities, LLC performs its advisory services is located at 1020 Cromwell Bridge Road, Towson, MD 21286, which is also the mailing address of the firm. An additional office of the firm is in Brighton, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-308-9988 or by fax 410-308-9801. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at foundersfinancial.com and its LinkedIn profile.