Wachovia Securities, LLC (St. Louis)


Wachovia Securities, LLC is a large advisory firm based in St. Louis. It manages $118.95 billion of regulatory assets for 745,489 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Wachovia Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and market timing services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wachovia Securities: assets under management

The assets under management (AUM) of Wachovia Securities, LLC is $118.95 billion. The firm's AUM has grown by 599% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $77.02 billion in discretionary accounts and $41.93 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $180.15 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wachovia Securities, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Wachovia Securities, LLC

Scott Louis Ilario has been acting as President since 1 Jan 2000. Wachovia Corporation joined the executive team most recently as the Stockholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alan Lee Jr Maxwell Cfo 1 Oct 1999 Other 1142248
Scott Louis Ilario President/dir of cap mkt compliance 1 Jan 2000 Other 2086073
Robert Thomas Mooney Director of retail compliance 1 Oct 2000 Other 2312160
William Lee Jr Short Srop/crop 1 Oct 2000 Other 876592
Stephen Thomas Gannon General counsel of retail brokerage group 1 May 2001 Other 4573896
Joseph Michael Nenichka Coo 1 Jul 2002 Other 1639260
Stephen Emery Cummings Manager 1 May 2003 Other 1249950
William Barnes Hauptfuhrer Manager 1 May 2003 Other 3197862
Daniel James Ludeman Manager 1 May 2003 Other 874126
Everen Capital Corporation Member 1 May 2003 75% - 100% 36-4019175
Daniel James Ludeman President/ceo/manager 1 Jul 2003 Other 874126
Robert Thomas Mooney Director of compliance 1 Jul 2003 Other 2312160
Stephen Thomas Gannon General counsel/secretary 1 Jul 2003 Other 4573896
Richard Humberto Castro Director of operations 1 Jul 2003 Other 1214118
Paul Francis Costello Manager 1 Jul 2003 Other 2030595
George R. Fisher Chief administrative officer 1 Jul 2003 Other 1250903
Julie Dickinson Joyce Managing director 1 Jul 2003 Other 1369907
Thomas Dominic Lux Chief financial officer 1 Jul 2003 Other 2778800
Brand Frederick Meyer Manager 1 Jul 2003 Other 808629
Dwight Charles Moody Manager 1 Jul 2003 Other 1423176
Michael James Rice Manager 1 Jul 2003 Other 1718732
Wachovia/Prudential Financial Advisors Sole member 1 Jul 2003 75% - 100% 72-1560834
David Lee Monday Managing director 1 Jul 2003 Other 722234
George Ross Fisher Chief administrative officer 1 Jul 2003 Other 1250903
James Thomas Jr Donley Manager 1 Nov 2003 Other 70029
Llc Wachovia Securities Financial Holdings Sole member 1 Dec 2003 75% - 100% 72-1560834
Jeffrey Allen Gelfand Chief financial officer 1 Dec 2003 Other 3198911
John Mccarthy Outside operating committee member 1 Jan 2004 Other 4891530
John Patrick Mccarthy Outside operating committee member 1 Jan 2004 Other 4891530
Kevin Thomas Burke Senior registered options principal 1 Apr 2004 Other 1907003
Ryan Eugene Main Compliance registered options principal 1 Apr 2004 Other 2543162
Atul Kamra Outside operating committee member 1 Jun 2004 Other 4891540
Lori Allyn Belza Svp/operating committee member 1 Aug 2004 Other 1993692
Lori Allyn Groden Belza Management committee member 1 Aug 2004 Other 1993692
Patricia Reed Centeno Ia chief compliance officer 1 Oct 2004 Other 2239528
William Lee Jr Short State designated/principal officer 1 Oct 2004 Other 876592
Patricia R. Centeno Ia chief compliance officer 1 Oct 2004 Other 2239528
Richard Humberto Castro Chief operations officer 1 Jan 2005 Other 1214118
John Gabriel Jr Peluso Outside operating committee member 1 Mar 2005 Other 1902776
David Robert Kimm Chief risk officer 1 Apr 2005 Other 722941
Robert Thomas Mooney Chief compliance officer/chief administrative officer 1 May 2005 Other 2312160
Lawrence Paul Sandor Chief compliance officer 1 Aug 2005 Other 4545837
Michael Arney Wade Chief operations officer 1 Aug 2005 Other 2350983
Karen Hutcheson Wimbish Managing director/operating committee member 1 Nov 2005 Other 2774186
James Edward Hays Managing director/operating committee member 1 Jan 2006 Other 1569212
Charlie Kent Christian Managing director/operating committee member 1 Jan 2006 Other 1465883
Theresa Marie Roddy Managing director/operating committee member 1 Jan 2006 Other 1999048
Karen Hutcheson Wimbish Managing director/operating committee member 1 Jan 2006 Other 2774186
Linda Amundsen Delaney Outside operating committee member 1 Mar 2006 Other 1570750
Mark John Hammersmith Outside operating committee member 1 Mar 2006 Other 5113830
David Richard Hopkins Chief financial officer 1 Apr 2006 Other 4802877
Marjorie Mary Connelly Operating committee member/chief operating officer 1 Aug 2006 Other 5125848
William Lee Jr Short Srop/crop/state designated principal officer 1 Oct 2006 Other 876592
Mary Tabb Mack Executive vice president/operating committee member 1 Oct 2006 Other 2959378
Modesto Moya Srop 1 Jul 2007 Other 1174389
Ryan Eugene Main Crop 1 Jul 2007 Other 2543162
Joseph Peter Nadreau Managing director/operating committee member 1 Jul 2007 Other 2382449
Theresa Ann Fanning State designated principal officer 1 Aug 2007 Other 2984994
Thomas Hal Clarke General counsel/secretary 1 Sep 2007 Other xxx-xx-xxxx
Brand Frederick Meyer Member of board of managers/managing director/co-head of financial services group 1 Oct 2007 Other 808629
Marjorie Mary Connelly Managing director/co-head of business services group/operating committee member 1 Oct 2007 Other 5125848
Mary Margaret Atkin Managing director/head of staff 1 Oct 2007 Other 863962
Robert Lee Bagby Chairman of the board of managers 1 Oct 2007 Other 9985
Douglas Laird Kelly Managing director/chief operating officer 1 Oct 2007 Other 2428802
Peter Mallory Miller Managing director/co-head of financial services group 1 Oct 2007 Other 1237791
John Charles Ii Parker Managing director/co-head of business services group 1 Oct 2007 Other 4474610
Brian Clinton Underwood Chief compliance officer 1 Jan 2008 Other 1229168
Douglas Laird Kelly General counsel/secretary 1 Mar 2008 Other 2428802
Ronald James Kessler Chief operations officer 1 Mar 2008 Other 268695
Marc Alan Mahat Crop 1 Mar 2008 Other 1967091
David Erwin Fischerlodike State designated principal officer 1 Mar 2008 Other 1264244
Edgar Allen Ii Cole Ia=only chief compliance officer 1 Mar 2008 Other 2362072
Robert Thomas Mooney Chief compliance officer 1 Mar 2008 Other 2312160
Yvette Butler Management committee member 1 May 2008 Other 2471482
Gene Michael Diederich Management committee member 1 May 2008 Other 1283002
Elizabeth Pfeiffer Moore Management committee member 1 May 2008 Other 5533346
Gregory Phillip Vitt Management committee member 1 May 2008 Other 1110208
Douglas Robert Steele Outside management committee member 1 May 2008 Other 5535829
Joseph Grant Porter Management committee member 1 May 2008 Other 1080675
James Roy Burdette Chief compliance officer (ia only) 1 Oct 2008 Other 2793232
Kevin Brady Hurley Chief compliance officer (ia only) 1 Dec 2008 Other 1293748

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc Prudential Securities Group Stockholder 1 Dec 1981 75% - 100% 22-2347336
Inc Prudential Capital & Investment Services Stockholder 1 Nov 1982 75% - 100% 22-2422630
Llc Prudential Capital & Investment Services Stockholder 1 Nov 1982 75% - 100% 22-2422630
Inc. Pruco Stockholder 1 Dec 1983 75% - 100% 22-1916656
Wachovia Corporation Stockholder 1 Oct 1999 75% - 100% 54-0898180
Inc Prudential Financial Stockholder 1 Dec 2001 75% - 100% 22-3703799
Everen Capital Corporation Sole member 1 Mar 2003 75% - 100% 36-4019175
Prudential Securities Incorporated Member 1 Jul 2003 25% - 50% 7471
Llc Wachovia Securities Holdings Member 1 Jul 2003 50% - 75% 72-1560830
Llc Wachovia Securities Holdings Member 1 Dec 2003 50% - 75% 72-1560830
Inc Prudential Securities Group Stockholder 1 Apr 2004 25% - 50% 22-2347336
Inc. A.G. Edwards Share holder 1 Jan 2008 75% - 100% 26-1271560
Wachovia Corporation Stockholder 1 Jan 2009 75% - 100% 26-3918610
Wells Fargo & Company Share holder 1 Jan 2009 75% - 100% 41-0449260

Based in St. Louis

The principal office where Wachovia Securities, LLC performs its advisory services is located at One North Jefferson Avenue, St. Louis, MO 63103, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-955-3000 or by fax 314-955-2726. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.wachoviasec.com.

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