Santander Securities

CRD#41791
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Santander Securities operates as a financial advisory company that has its headquarters in Dorchester, Massachusetts. It handles $1.8 billion in total assets over 9,808 accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The firm has a large group, including 122 financial advisors. Santander Securities is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial assets like stocks, options and bonds.

Santander Securities administers all of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the customer's authorization. The investment advisory firm's average account size is $188,490. The typical financial advisor at Santander Securities oversees about 80 client accounts.

The company's headquarters is at 2 Morrissey Boulevard, Dorchester, Massachusetts 2125. Santander Securities is registered to serve customers across 51 U.S. states and territories.

Assets Under Management

$1.8 billion

Number of Advisors

122

Disclosures

No

Office Location

2 Morrissey Boulevard
Dorchester, MA 02125

Santander Securities by the Numbers

Total Assets Under Management

$1.8 billion

National Average: $8.6 billion
Total Number of Employees

530

National Average: 64
Total Number of Accounts

9,808

National Average: 375,227
Average Account Size

$188.5 thousand

National Average: $23.0 thousand
Back to Overview
Back to Overview

Products and Services

Santander Securities offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the past fiscal year, the firm provided financial planning services to 2500 of its customers. Santander Securities does sell products or offer services apart from investment advisory services to its clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, banking or thrift institution and insurance company or agency.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Find a firm that offers this service

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Fees for financial advisory services depend on the type of financial services offered. However, fees billed by Santander Securities typically consist of the following fee type: asset-based. Santander Securities does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Back to Overview

Types of Clients

It provides services to retail investors, charitable organizations, corporations and other. Out of its 9,808 clients, Santander Securities's largest client type by number of accounts is retail investors. Just 1% of the company's accounts reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 97.08%
  • Corporations - 2.88%
  • Charitable Organizations - 0.04%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

Santander Securities does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at Santander Securities

Justin Walsh
Dorchester, MA
Dennis Alicea
Parsippany, NJ
Santiago Bonells
Miami, FL
Patrick Lospennato
Beverly, MA
Robert Byrne
Dorchester, MA
Jonathan Kline
Dorchester, MA
Scott Harrison
Cherry Hill, NJ
Rawad Kassem
Chelmsford, MA
Silvi Sinoimeri
Dorchester, MA

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.