Park Avenue Securities LLC
Assets Under Management
$15.0B
Number of Clients
71,074
Number of Advisors
1756
Average Client AUM
$211K
AUM per Advisor
$8.5M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
PAS, a subsidiary of GLIC, provides investment advisory services through IARs. They offer proprietary and third-party investment advisory programs, along with financial planning and consulting. PAS acts as a fiduciary, prioritizing client interests and disclosing conflicts. Clients can choose transaction-based or fee-based accounts.
Fee Structure
PAS offers both transaction-based (brokerage) and fee-based (advisory) accounts. Fees for financial planning and consulting are negotiated based on the IAR's experience, client needs, time, and plan complexity. Subscription-based financial planning is also available for an annual fee paid monthly or quarterly.
Areas of Practice
Location
10 Hudson Yards, New York, NY, 10001