First Union Securities Financial Network, Inc. (Richmond)

Name: First Union Securities Financial Network, Inc.
Address: 901 East Byrd Street, Richmond, VA, 23219
Telephone: 804-787-6977

First Union Securities Financial Network, Inc. is a large advisory firm based in Richmond. It manages $214.97 million of regulatory assets for 1,619 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

First Union 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, selection of other advisers, and security ratings or pricing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Union Securities Financial Network: assets under management

The assets under management (AUM) of First Union Securities Financial Network, Inc. is $214.97 million. The firm's AUM has grown by 65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $195.68 million in discretionary accounts and $19.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $147.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $66.32 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Union Securities Financial Network, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at First Union Securities Financial Network, Inc.

Karen Hutcheson Wimbish has been acting as President since 1 Jan 2001. John Gabriel Jr Peluso joined the executive team most recently as the President, Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marshall Todd Leeds	Chairman, director, ceo	1 Jan 2001	Other	xxx-xx-xxxx
Gregg Steven Glaser	Director, cfo	1 Jan 2001	Other	xxx-xx-xxxx
Andrea Joyce Wagner	Director of compliance	1 Jan 2001	Other	xxx-xx-xxxx
Karen Hutcheson Wimbish	Director	1 Jan 2001	Other	2774186
Mark Steven Staples	Director, president	1 Jan 2001	Other	1006207
David Allan Hebner	Secretary	1 Jan 2001	Other	2660723
David Lee Monday	Director	1 Jan 2001	Other	722234
Inc. First Union Genesis Holdings	Stockholder	1 Jan 2001	75% - 100%	65-0811010
Gary Collins Liddicoat	Vice president, director of compliance	1 Oct 2001	Other	1211594
John Gabriel Jr Peluso	Chairman	1 Jan 2002	Other	xxx-xx-xxxx
William Lee Jr Short	Srop/crop	1 Jan 2002	Other	876592
Diane Patricia Gabriel	President	1 Feb 2002	Other	1063352
Diane Patricia Gabriel	President, chairman	1 Mar 2002	Other	1063352
John Gabriel Jr Peluso	President, chairman	1 Apr 2002	Other	1902776
Diane Patricia Gabriel	Director of sales supervision	1 Apr 2002	Other	1063352

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Wachovia Corporation	Stockholder	1 Sep 2001	75% - 100%	54-0898180

Based in Richmond

The principal office where First Union Securities Financial Network, Inc. performs its advisory services is located at 901 East Byrd Street, Richmond, VA 23219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-787-6977 or by fax 804-782-6698. 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.firstunionsec.com.