Full text of SECURITIES AMERICA, INC.'s X-17A-5 filed 2021-03-02 (period 2020-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ SECURITIES AMERICA, INC. (SEC I.D. No. 8-26602) STATEMENT OF FINANCIAL CONDITION AND RELATED NOTES AS DECEMBER 31, 2020 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Filed pursuant to Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. {1}------------------------------------------------ # **Securities America, Inc.** **(An indirect wholly-owned subsidiary of Advisor Group Holdings, Inc.) Statement of Financial Condition December 31, 2020** {2}------------------------------------------------ # **Page(s)** | Report of Independent Registered Public Accounting Firm 1-2 | | |-------------------------------------------------------------|--| | Financial Statement | | | Statement of Financial Condition 3 | | | Notes to the Financial Statement4-16 | | {3}------------------------------------------------ **Deloitte & Touche LLP** 2901 North Central Avenue Suite 1200 Phoenix, AZ 85012-2799 USA Tel: +1 602 234 5100 Fax: +1 602 234 5186 www.deloitte.com #### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Stockholder and Board of Managers of Securities America Inc.: #### **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Securities America Inc. (the "Company") as of December 31, 2020 (Successor), and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2020 (Successor), in conformity with accounting principles generally accepted in the United States of America. #### **Change in Reporting Entity** As discussed in Notes 1 and 3 to the financial statement, during the year ended December 31, 2020 Investacorp, Inc., Securities Service Network, LLC, and KMS Financial Services, Inc. merged with and into Securities America, Inc., with Securities America, Inc. continuing as the surviving company. These transactions have been determined to be a combination of entities under common control that resulted in a change in the reporting entity with the financialstatement being presented asif the transactions were effective from January 1, 2020. #### **Merger** As discussed in Note 1 to the financial statement, on February 14, 2020, the Company and its parent, Ladenburg Thalmann Financial Services, Inc. ("Ladenburg"), merged with and became a wholly owned subs…Read the full text as markdown