Securities America Announces Plans to Buy Foothill Securities
August 2, 2016 | by Beth Glavosek | Blue Vault
Securities America – one of the nation’s largest independent broker/dealers – has announced its plans to acquire Foothill Securities.
Foothill Securities currently has 220 registered representatives and generated $39.8 million in total revenue with a loss of $674,000 in 2015, according to its annual audited financial statement filed with the Securities and Exchange Commission (source: Investment News).
Blue Vault has been an important partner to Geneos in providing us and our advisors pertinent information about non-traded products and the industry as a whole. The annual BD Summit is a valuable due diligence experience for any broker dealer."