Usa Financial Securities Corporation (Ada)


Usa Financial Securities Corporation is a large advisory firm based in Ada. It manages $246.23 million of regulatory assets for 3,359 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Usa Financial Securities Corporation provides financial planning services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Usa Financial Securities Corporation: assets under management

The assets under management (AUM) of Usa Financial Securities Corporation is $246.23 million. The firm's AUM has grown by 706% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140.38 million in discretionary accounts and $105.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $126.62 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Usa Financial Securities Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

What kind of clients Richard Allen Gorz serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Richard Allen Gorz is individuals with 3,337 clients and $235.39 million of assets under management. Among the 7 most similar advisory firms, Usa Financial Securities Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $246.23 million for 3,359 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.

Usa Financial Securities Corporation doesn't advise any private funds.

Careers at Usa Financial Securities Corporation

The company employs 172 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 172 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 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.

Richard Allen Gorz has been acting as President since 1 Feb 1998. Matthew H Eilers joined the executive team most recently as the Chief Business Development Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
1995 Gary G. Walters Trust Under Agreement Dated November 21 Trust/direct owner 1 Nov 1995 25% - 50% 37-0386142
Gary Glen Walters Director/trustee of the gary g. walters trust u/a dtd 11/21/1995 1 Nov 1995 Other 4135245
1996 Michael D. Walters Trust Under Agreement Dated March 13 Trust/direct owner 1 Mar 1996 25% - 50% 38-5866878
Richard Allen Gorz Vice chairman of the board/financial principal (secondary)/municipal principal/director 1 Feb 1998 Other 3045445
Michael David Walters Chairman of the board/chief executive officer/director/trustee of the michael d. walters trust u/a dtd 3/13/1996 1 Feb 1998 Other 2580592
2004 Brent D. Enders Trust Under Agreement Dated June 17 Trust/direct owner 1 Jun 2004 Other 37-0680668
Brent David Enders President/director/trustee of brent d. enders trust u/a dtd 06/17/2004 1 Aug 2005 Other 2858719
William Clayton Bachert Financial operations principal (primary)/municipal principal/director 1 Jun 2006 Other 4576698
Andrea Denise Stewart Mcgrew Chief compliance officer / chief legal officer / director 1 Dec 2006 Other 4896632
Andrea Denise Stewart Chief compliance officer / in-house counsel/director 1 Dec 2006 Other 4896632
Kenneth Bryson Chief marketing officer / director 1 Apr 2007 Other xxx-xx-xxxx
Usa Financial Corporation Owner 1 Jan 2010 75% - 100% 27-1480535
Usa Financial Holding Corporation Owner 1 Jan 2010 75% - 100% 27-1480535
Wealthnetic Corporation Owner 1 Jan 2010 75% - 100% 27-1480535
Matthew Lee Mcgrew Chief operations officer/in-house counsel/director 1 Apr 2010 Other 5300326
Justin Wade Long Chief sales officer 1 Oct 2012 Other 4024146
Mark Robert Mersman Chief marketing officer 1 Oct 2012 Other 4702400
Matthew H Eilers Chief business development officer 1 Nov 2018 Other 5514093

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael David Walters Trustee/indirect owner 1 Mar 1996 25% - 50% 2580592
Gary Glen Walters Trustee/direct owner 1 Feb 1998 25% - 50% 4135245
Brent David Enders Trustee/indirect owner 1 Jun 2004 Other 2858719
1996 Michael D. Walters Trust Under Agreement Dated March 13 Trust/indirect owner 1 Jan 2010 25% - 50% 38-5866878
2004 Brent D. Enders Trust Under Agreement Dated June 17 Trust/indirect owner 1 Jan 2010 Other 37-0680668
1995 Gary G. Walters Trust Under Agreement Dated November 21 Trust/indirect owner 1 Jan 2010 25% - 50% 37-0386142

Based in Ada

The principal office where Usa Financial Securities Corporation performs its advisory services is located at 6020 East Fulton Street, Ada, MI 49301, which is also the mailing address of the firm. An additional office of the firm is in Evansville, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-407-8198 or by fax 888-532-4757. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at usafinancial.net.