USA Financial is a dual registrant. This means we offer a combination of brokerage and advisory services. Brokers and advisers differ in the types of services we provide and how you pay for them. For more information, we encourage you to visit the SEC's website at https://www.investor.gov/home/welcome-investor-gov-crs, This summary and the accompanying disclosures relate to our business as a FINRA Broker-Dealer, unless we note otherwise. For information relating to our business as a Registered Investment Adviser, please see our Form ADV Part 2 Brochure.
When you opened your account, USA Financial acted in its capacity as a FINRA member broker-dealer, and your financial professional acted as a broker of the firm. Accordingly in fulfilling our obligation to make a recommendation in your best interest, we are required to exercise reasonable diligence, care, and skill to understand the potential risks, rewards, and costs associated with the recommendation and have a reasonable basis to believe that the recommendation is in your best interest.
All recommendations regarding your brokerage account will be made in a broker-dealer capacity. If you have an advisory account, all recommendations regarding your advisory account will be made in an advisory capacity. When we make a recommendation to you, we will expressly tell you orally which account we are discussing.
USA Financial requires its brokers to review your investments with you to verify they are suitable for your needs on an ongoing basis. We will send you an updated investment profile on an annual basis. We use this profile to verify that the information we have about you and your financial position is current, accurate and up to date. Your financial professional should reach out to you, at least annually to review your account with you. Your broker will not monitor your account or consider whether any recommendations may be appropriate unless you specifically request that they do so.
In addition, your broker may receive marketing reimbursements or other non-cash compensation from investment companies, direct participation program sponsors, or issuers of variable insurance. Further, some brokers are not able to offer advisory services and their services may be materially narrower than all those services offered by USA Financial.
In some circumstances, your financial professional does not offer advisory services, and only acts as an associated person of a broker-dealer. Your broker's licensure may also materially limit the investment options available to you. Your broker will tell you orally whether or not her licensure materially limits the investment recommendations she makes and will discuss with you the capacity in which she acts with respect to the recommendations she makes.
USA Financial Securities provides investment advice to individuals, corporations, and trusts. Many of our investment adviser representatives focus on retirement planning, therefore, a significant portion of our client base is comprised of pre-retirees and retirees.
USA Financial Securities does not place restrictions on who can engage our financial planning services. A determination will be made, based on the information available to us, whether a financial planning fee is suitable in light of your unique financial situation, objectives, and goals. We require a minimum planning fee of $100.
Our wrap-fee program, USA Strategic Portfolio, does require account values of at least $15,000. Additional information regarding the USA Strategic Portfolio program, including account minimums, is provided in our separate, wrap-fee brochure. Our firm utilizes investment adviser representatives. Our representatives frequently work with individuals who are either planning for retirement or are currently retired, however, neither our firm nor our representatives specialize in any specific area or type of investment advice. USA Financial Securities provides financial planning services, as well as a wrap-fee program, USA Strategic Portfolio.
USA Financial Securities' investment adviser representatives provide financial planning services. Financial planners use a comprehensive planning method. They help clients set and achieve long-term financial goals through investments, tax planning, asset allocation reviews, risk management analyses, retirement planning and estate planning. USA Financial Securities collects important financial information from you, and we use that information, along with any additional information you communicated to your financial professional, to develop a plan designed to meet your unique goals and objectives.
Financial planning fees may be charged in addition to commissions or asset under management fees. You are not obligated to follow USA Financial Securities' recommendations or to pursue the recommendations through USA Financial Securities. As the client, you have control over your investment decisions — you may place restrictions on investing in certain types of securities or engaging in various investment activities. It is important that you communicate your investment goals and objectives, including any restrictions, to your investment adviser representative. An open and honest dialogue between you and your financial professional will help facilitate a successful working relationship.
USA Financial Securities' investment adviser representatives may utilize many different methods of analysis when developing your specific financial plan. For example, your investment adviser may review past investments that you made and compare those investments with your current objectives to determine whether those investments are still a good fit, or he or she may use software to design a plan that supplements your current plan.
Your investment goals are always considered when analyzing an investment, and regardless of which analysis method your investment adviser representative uses, any analysis is conducted based on your unique and specific investment objectives. Your investment adviser representative will review your investment objectives and help you design an investment strategy or make investment decisions that will attempt to further those objectives.
USA Financial Securities' investment adviser representatives also offer advice regarding a wide variety of investment products, including, but not limited to, the following:
Our investment advice is designed to help you achieve your stated financial goals and objectives.
In addition to the services mentioned above, our firm operates a wrap-fee program called USA Strategic Portfolio. A wrap-fee program bundles various services together and charges an all-inclusive fee, named a "wrap fee" because it wraps around all of the services rather than charging a separate fee for each service. The USA Strategic Portfolio program provides clients with investment advisory execution, clearing, and custodial services, through our clearing firm, Pershing. USA Financial Securities receives a portion of the wrap fee, as does your investment adviser representative.
Because wrap-fee accounts are charged a monthly fee, these accounts are typically best suited for investors who anticipate engaging in moderate to high levels of investment activity within their account. Infrequent trading is not supported by the fee structure, and clients with very little trading activity or account management are better served in a traditional commission-based brokerage account.
Our representatives may charge you a comprehensive financial planning fee and also receive an asset-based fee for any dollars you invest in the USA Strategic Portfolio program.
USA Financial Securities reviews every financial agreement and investment advisory account prior to the account being established. Before USA Financial Securities will execute an agreement with you, we require your investment adviser representative to submit, along with the agreement, a written document documenting your financial plan. We use the information you provided on your Client Profile, along with the written financial plan, to determine the suitability of your investment adviser’s recommendations. We also conduct period account reviews when supplemental documentation is submitted for an established financial plan, to ensure that the additional action is consistent with your original financial plan.
After your investment advisory agreement is established, USA Financial Securities will send you a written report regarding your account. The report will document the basic information you provided on your client profile — such as, net worth, annual income, and investment objective. USA Financial Securities uses this information to perform its initial and ongoing suitability reviews, therefore, it is important to review this report and if you see any information that does not appear to be accurate, contact USA Financial Securities immediately.
Because wrap-fee accounts are charged a monthly fee, these accounts are typically best suited for investors who anticipate engaging in moderate to high levels of investment activity within their account. Infrequent trading is not supported by the fee structure, and clients with very little trading activity or account management are better served in a traditional commission-based brokerage account. Therefore, USA Financial Securities monitors your account activity, to determine whether a wrap-fee account is the best option, or whether you would be better suited in a traditional brokerage account. If we review the account and determine that your trading activity does not warrant a USA Strategic Portfolio account, we will contact your investment adviser representative and switch your account to a Pershing brokerage account.
Securities®
Broker Dealer & RIAMember FINRA/SIPC
Formulas®
Formulaic TrendingAsset Management
Exchange®
Turnkey AssetManagement Program
Insurance Services®
Insurance & AnnuityDistribution
Marketing
Multimedia MarketingConsulting & Technology
Protocol
Business Refinement &Practice Management Consulting