About Financial Amercia Securities
When you partner with Financial America Securities, Inc., (FASI), you have immediate access to a firm of professionals dedicated to strengthening your financial future.
Cleveland-based and locally-owned, FASI founded in 1970. Our 40 account executives and support staff average over fifteen years experience in the brokerage and investment banking fields.
Thanks to our optimal size and regional base, we are able to give personalized attention to a full range of investment services. We focus on low-to-mid capitalized companies and special situation research, investment banking, tax, incentive investments and retirement and estate planning.
What we do
Since 1970, FASI has provided a much needed alternative to the more traditional investment services of large-scale brokerage firms.
Most of our clients are experienced investors who choose us for our personalized services coupled with our large-firm capabilities, including access to the research of Southwest Securities, Credit Swiss First Boston and Argus Research.
FASI provides fast and efficient order execution on all major exchanges made possible through our Cleveland-based market-making and order execution department.
Our firm has a contractual agreement with Southwest Securities (SWS) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, Southwest Securities is responsible for making all disclosures to our firm's designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm (the introducing broker-dealer) and Southwest Securities (the clearing firm) have to the client. Although client assets are held by Southwest Securities, Southwest Securities does not have responsibility for the financial condition or performance of our firm or our Financial Consultants.
SIPC & Additional Coverage for Client Accounts
Our clearing firm, Southwest Securities (SWS) is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $100,000 (reducing the $500,000 above).
Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org.
