Popular Securities, LLC is a large advisory firm based in Hato Rey. It manages $1.08 billion of regulatory assets for 1,915 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Puerto Rico, Texas, and Virgin Islands, U.S..
Popular Securities provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Popular Securities, LLC is $1.08 billion. $18.83 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Popular Securities, LLC for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard L Carrion is corporations or other businesses with 354 clients and $492.12 million of assets under management. Among the 8 most similar advisory firms, Popular Securities has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $1.08 billion for 1,915 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.
Popular Securities also advises several private funds. Namely, one private equity fund.
The company employs 107 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 44 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Richard L Carrion has been acting as President since 1 May 1995. Rosa Angela Colon Ortiz joined the executive team most recently as the Co Chief Compliance Officer.
The principal office where Popular Securities, LLC performs its advisory services is located at Popular Center, 209 Ponce De Leon, Hato Rey, PR 00918, which is also the mailing address of the firm. An additional office of the firm is in San Juan, PR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 787-758-7400 or by fax 787-763-5995. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at popularsecurities.com.