Financial Network Investment Corporation (El Segundo)

Name: Financial Network Investment Corporation
Address: 200 N. Sepulveda Blvd., El Segundo, CA, 90245 5672
Telephone: 310-326-3100

Financial Network Investment Corporation is a large advisory firm based in El Segundo. It manages $10.3 billion of regulatory assets for 39,664 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Financial Network Investment Corporation provides financial planning services, 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 prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Network Investment Corporation: assets under management

The assets under management (AUM) of Financial Network Investment Corporation is $10.3 billion. The firm's AUM has grown by 275% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.92 billion in discretionary accounts and $5.38 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $246.44 thousand.

Financial Network Investment Corporation has custody of $9.63 billion in cash and securities for 36,904 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Network Investment Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Financial Network Investment Corporation

John Stephen Simmers has been acting as President since 1 Dec 2000. Bryan K Jacobsen joined the executive team most recently as the Advisory, Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Fni International	Direct owner	1 Jun 1984	75% - 100%	33-0048433
Monica Marie Murphy	Vice president/assist. general counsel	1 Sep 1984	Other	2468472
Jackie Lisa Figliola	Executive vice president	1 Jul 1987	Other	1144031
Jennifer Lee Landefeld	Vice president	1 Apr 1993	Other	1060992
Saramelissa Isabel Potter	Vice president	1 Apr 1993	Other	1226220
Jan Adinoff Gordon	Vice president	1 Sep 1994	Other	1267846
Barbara Elizabeth Kazarian	Sr. vice president	1 Oct 1994	Other	1389514
Gary Burkard	Sr. vice president	1 Feb 1995	Other	704675
Thomas Adam Wiltrakis	Sr. v.p. general counsel	1 Jun 1995	Other	1803873
Aura Lucila Carrillo	Vice president	1 Jun 1995	Other	1175337
Marc Shigeo Kawakami	First vice president	1 Jul 1995	Other	2053490
Dennis Herbert Watkins	Vice president	1 Jan 1996	Other	459863
Michael Anthony Fiorentino	Vice president	1 Oct 1996	Other	208159
Rhonda Michelle Ecker	Vice president	1 Mar 1997	Other	1765909
Patrick Harold Kennedy	Vice president	1 Oct 1997	Other	1673873
Cynthia A Hamel	Sr. vice president	1 Jan 1998	Other	3014361
Wayne Brett Larsen	Controller	1 Jan 1998	Other	2854709
Linda Ann Brosche	Vice president	1 Jan 1998	Other	1888719
Norman Mark Marr	Sr. vice president/c.f.o.	1 Feb 1998	Other	2790881
Duane Timothy Shoop	Vice president	1 Oct 1998	Other	1396302
Donna Marie Lombardi	Vice president	1 Dec 1998	Other	3174452
Nancy Ruth Carpenter	Sr. vice president	1 Apr 1999	Other	1174000
Stanley R Smiley	Vice president	1 Apr 1999	Other	3004604
Bessie Cruz Savery	Vice president	1 Apr 1999	Other	2177681
Robert Jeffrey Garland	Vice president	1 Apr 2000	Other	2966810
Jose Luis Jr. Rodriguez	Assistant vice president	1 Jun 2000	Other	2105127
Gerrell Renard Jackson	Assistant vice president	1 Jul 2000	Other	2091914
Ramon Ramos	Assistant vice president	1 Jul 2000	Other	2160203
Judy Kay Wolf	Assistant vice president	1 Jul 2000	Other	2082581
Carolyn Ann Jergens	First vice president	1 Aug 2000	Other	1917467
Colin Stephenson Iii Mackenzie	First vice president	1 Aug 2000	Other	1142061
Michael Leslie Tew	First vice president	1 Oct 2000	Other	2132646
Dorothy Ann Ryans	Vice president	1 Nov 2000	Other	1857187
Miles Zev Gordon	Chairman - board of directors	1 Dec 2000	Other	866959
John Stephen Simmers	Secretary/director	1 Dec 2000	Other	711578
Jackie Lisa Figliola	Director	1 Dec 2000	Other	1144031
Fred Allen Jr Borries	Chief operating officer	1 Jan 2001	Other	1060711
Brian Lee Nygaard	Director	1 Jan 2001	Other	1257931
David Earl Fred	Vice president	1 Feb 2001	Other	1206892
Colin Stephenson Iii Mackenzie	Sr. vice president	1 Mar 2001	Other	1142061
Sandra Tom Mukogawa	Assistant vice president	1 Apr 2001	Other	2295093
Abdiel Alan Valenzuela	Assistant vice president	1 May 2001	Other	1986132
Brian Douglas Emde	Assistant vice president	1 May 2001	Other	2401493
Jan Adinoff Gordon	First vice president	1 Jun 2001	Other	1267846
Marc Shigeo Kawakami	Sr. vice president	1 Jun 2001	Other	2053490
Michael Anthony Fiorentino	Sr. vice president	1 Jun 2001	Other	208159
Carolyn Ann Jergens	Sr. vice president	1 Jun 2001	Other	1917467
Donna Marie Lombardi	First vice president	1 Jun 2001	Other	3174452
Stanley Robert Smiley	Sr. vice president	1 Jun 2001	Other	3004604
Reynaldo Caspillo Pajarillo	Assistant vice president	1 Jun 2001	Other	2947366
Cheryl Elaine Conner	Assistant vice president	1 Jun 2001	Other	2990083
Thomas Byron Taylor	Assitant vice president	1 Jun 2001	Other	2193426
Carolyn Ann Armitage	Sr. vice president	1 Jun 2001	Other	1917467
Rebecca Lynn Richmond	Vice president	1 Jul 2001	Other	4103180
Rebecca Lynn Furnival	Vice president	1 Jul 2001	Other	4103180
Stephen Bryant Benton	Sr. vice president	1 Aug 2001	Other	864385
Kerry Elizabeth Cunningham	Director	1 Aug 2001	Other	4466477
Ramon Ramos	Vice president	1 Sep 2001	Other	2160203
Reynaldo Caspillo Pajarillo	Vice president	1 Sep 2001	Other	2947366
Cheryl Elaine Conner	Vice president	1 Sep 2001	Other	2990083
Thomas Byron Taylor	Vice president	1 Sep 2001	Other	2193426
Norman Mark Marr	Sr. vice president/c.f.o./asst. secretary	1 Nov 2001	Other	2790881
Joan Cohen	Director	1 Nov 2001	Other	xxx-xx-xxxx
Jack Raymond Jr Handy	President/ ceo/director	1 Dec 2001	Other	1997929
John Stephen Simmers	Chairman of the board of directors	1 Jul 2002	Other	711578
Jack Raymond Jr Handy	President and chief executive officer	1 Jul 2002	Other	1997929
Norman Mark Marr	Director, vice president/c.f.o.	1 Jul 2002	Other	2790881
Valerie Gay Brown	Director, vp	1 Sep 2002	Other	4619265
John Stephen Simmers	Director, vice president	1 Jan 2004	Other	711578
Cynthia A Hamel	Director	1 Jan 2004	Other	3014361
Maureen Melodee Maloney	Chief compliance officer	1 Jun 2004	Other	4375865
Cheryl Ann Kunstle	Vice president, national business development manager	1 Jul 2004	Other	2833635
James Robert Kearny	Director of investment advisory	1 Jan 2005	Other	2508390
Stephen Bryant Benton	Chief compliance officer	1 Jul 2005	Other	864385
Stephen Bryant Benton	Sr. vice president, national sales manager	1 Mar 2006	Other	864385
Albert L Johnson	Chief compliance officer	1 Mar 2006	Other	2756121
Anita Faye Woods	Financial operations principal	1 Jun 2006	Other	3118458
Thomas Byron Taylor	Chief operating officer	1 Jun 2006	Other	2193426
Randall Lee Ciccati	Director	1 Apr 2007	Other	1569353
Kevin Michael Laraia	Director	1 Apr 2007	Other	2456743
Stanley Robert Smiley	Vice president	1 Nov 2007	Other	3004604
Norman Mark Marr	Director, chairman and vice president	1 Apr 2009	Other	2790881
Thomas Byron Taylor	Director , vice president & coo	1 Apr 2009	Other	2193426
Cheryl Ann Kunstle	Vice president, business development	1 Apr 2009	Other	2833635
Mark Paul Shelson	Chief financial officer and treasurer	1 Feb 2010	Other	1819252
Valerie Gay Brown	Director and chairman	1 Feb 2010	Other	4619265
Gregory Alan Olson	Assistant secretary	1 Feb 2010	Other	2692482
Bernard Andre Breton	Chief compliance officer	1 Apr 2010	Other	2030660
Nancy Johnson Jones	Chief compliance officer, secretary	1 Aug 2010	Other	2026139
Barnaby James Grist	Director and vice president	1 Oct 2010	Other	3220850
Cynthia A Hamel	Vice president	1 Oct 2010	Other	3014361
Inc. Cetera Financial Group	Shareholder, 100% of common stock	1 Dec 2010	75% - 100%	30-0588666
Bryan K Jacobsen	Advisory, cco	1 Apr 2012	Other	3055957
Douglas Stephan King	President	1 Apr 2012	Other	1375683
James Walter Shay	Head of risk management	1 Apr 2012	Other	3247381

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ing Verzekeringen N.V.	Shareholder	1 Dec 1963	75% - 100%
Nv Ing Verzekeringen	Sole shareholder	1 Dec 1963	75% - 100%	foreign
Ing Insurance International B.V.	Shareholder	1 Apr 1977	75% - 100%
Bv Ing Insurance International	Sole shareholder	1 Apr 1977	75% - 100%	foreign
N.V. Ing Groep	Shareholder	1 Mar 1991	75% - 100%
Ing Groep Nv	Sole shareholder	1 Mar 1991	75% - 100%	foreign
Inc. Aetna Retirement Holdings	Shareholder	1 Jul 1997	75% - 100%	06-145-0896
Inc. Aetna Retirement Services	Shareholder	1 Jul 1997	75% - 100%	06-144-5221
Inc. Aetna Retail Holding Company	Shareholder	1 Dec 1998	75% - 100%	06-152-7984
Inc. Ing Retail Holding Company	Sole shareholder	1 Dec 1998	75% - 100%	06-1527984
Inc. Lion Connecticut Holdings	Shareholder	1 Dec 2000	75% - 100%	02-0488491
Inc. Ing American Insurance Holdings	Shareholder	1 Dec 2000	75% - 100%	52-1222820
Donald Baird Marron	Sole member	1 Mar 2001	75% - 100%	320532
Llc Marron & Associates	Managing member	1 Aug 2005	75% - 100%	13-4146065
Llc Lightyear Fund Ii Gp Holdings	General partner	1 Aug 2005	75% - 100%	20-3852557
L.P. Lightyear Fund Ii Gp	General partner	1 Aug 2005	75% - 100%	20-3852817
Llc Chestnut Venture Holdings	Sole member	1 Dec 2007	75% - 100%	13-4162378
L.P. Lightyear Fund Ii	Shareholder; 99.736% of common stock	1 Nov 2009	75% - 100%	20-3859450
Inc. Cetera Financial Holdings	Shareholder; 100% of common stock	1 Nov 2009	75% - 100%	30-0588663
Inc. Cetera Financial Group	Shareholder; 100% of common stock	1 Jan 2010	75% - 100%	30-0588666

Based in El Segundo

The principal office where Financial Network Investment Corporation performs its advisory services is located at 200 N. Sepulveda Blvd., El Segundo, CA 90245 5672, which is also the mailing address of the firm. An additional office of the firm is in Washington, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-326-3100 or by fax 310-784-1164. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.financialnetwork.com.