SEC-registered wealth management firm Broker-dealer affiliated
Park Avenue Securities LLC
As of its Form ADV filed September 8, 2026, Park Avenue Securities LLC, an SEC-registered, broker-dealer affiliated wealth management firm in New York, New York, reported $19.6 billion in regulatory assets under management across 82,118 accounts, ranking #25 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 46173
- SEC file number
- 801-58108
- Registered since
- November 13, 2000
- Latest Form ADV filing
- September 8, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 543
Key figures
- Regulatory assets under management
- $19.6 billion
- Discretionary
- $17.6 billion (90.1%)
- Non-discretionary
- $1.9 billion
- Accounts
- 82,118 (78,667 discretionary)
- Clients
- 120,767, approximate as reported
- Employees
- 2,073
- Advisory staff
- 2,054 performing investment advisory functions
- Average account
- $238,386
- Asset growth, 1 year
- 30.5% (from $15.0 billion a year earlier)
- Asset growth, 3-year annual rate
- 25.5% (from $9.9 billion three years earlier)
- Asset growth, 5-year annual rate
- 20.9% (from $7.6 billion five years earlier)
- Client growth, 1 year
- 10.9% (from 108,863)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $2.9 billion |
| October 3, 2011 | $3.8 billion |
| October 1, 2012 | $4.0 billion |
| October 1, 2013 | $4.6 billion |
| October 1, 2014 | $5.6 billion |
| October 1, 2015 | $6.1 billion |
| October 3, 2016 | $6.6 billion |
| October 2, 2017 | $2.8 billion |
| October 1, 2018 | $3.4 billion |
| October 1, 2019 | $4.0 billion |
| October 1, 2020 | $5.7 billion |
| October 4, 2021 | $7.6 billion |
| October 3, 2022 | $10.6 billion |
| October 5, 2023 | $9.9 billion |
| October 1, 2024 | $11.9 billion |
| September 2, 2025 | $15.0 billion |
| October 2, 2026 | $19.6 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 17,261 clients | $9.4 billion | |
| Individuals (other than high net worth) 63,006 clients | $9.1 billion | |
| Corporations or other businesses 397 clients | $486.4 million | |
| Pension and profit sharing plans 1,139 clients | $344.3 million | |
| Other 80 clients | $143.2 million | |
| Charitable organizations 235 clients | $92.5 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Selection of other advisers
- Educational seminars or workshops
Financial planning clients (Item 5.H): 2000.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Insurance company or agency
Custody (Item 9)
The firm reported custody of client cash or securities, $278.2 million in total.
Investment adviser representatives
- IARs registered with the firm
- 1,908
- Also registered through a broker-dealer
- 1,889
- Employees who are IARs (Form ADV 5.B(3))
- 1,892
Designations held by the firm's IARs: ChFC 244, CFP 230, CFA 17, PFS 6.
Between 1,076 and 1,908 of the firm's 1,908 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 11 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| Oppenheimer Asset Management | New York | $21.3 billion |
| Offit Capital | New York | $20.6 billion |
| Summit Trail Advisors, LLC | New York | $19.9 billion |
| Citizens Private Wealth | Tarrytown | $16.6 billion |
| Evercore Wealth Management, LLC | New York | $15.5 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Park Avenue Securities LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.parkavenuewealthmanagement.com
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.