Home Brokerage Firm Review: Park Avenue Securities LLC. /StemV 0 333 333 389 583 277 333 277 277 Click to log in to our other vendors SEI Private Trust Company and AssetMark. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Find company research, competitor information, contact details & financial data for Park Avenue Securities LLC of Memphis, TN. In arbitration, when the pressure is on, Bob is always calm and prepared to and consistently crafts a winning strategy. Investment Adviser Firm Visit SEC Site. No matter which stage you're at, Sedway Financial will help you establish an investing approach that fits your circumstances. For more information, please visitguardianlife.comorfollow us onFacebook,LinkedIn,TwitterandYouTube. Park Avenue Securities | 2,349 followers on LinkedIn. It's more than just business to us. /FirstChar 32 Some firms receive these fees as payments, which creates an incentive to promote them. What does this mean and why is it important? Overview. Investor.com is your trustworthy guide to the world of personal finance. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. /ItalicAngle 0 Park Avenue Securities currently serves clients in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, WY. 666 666 666 666 666 666 1000 722 Investment advisory representatives (IARs)of the firm manage these programs on behalf of clients. At Park Avenue Securities, our Financial Professionals can: This holiday-shortened week was another losing one for the stock market. Will any of my assets be invested in those products? Please contact a financial representative for guidance and information specific to your individual situation. Park Avenue Securities (CRD# 46173) has been registered with the SEC and FINRA since 1999. What does this mean? Also, scroll over any city to learn about the cost of living in retirement for that location. 722 277 500 666 556 833 722 777 What does this mean? In Computershare, the page will automatically detect who the broker is based on DTC code. 3720 Sw 58 Avenue, Miami, FL 33155. 666 666 666 666 666 666 1000 722 0 277 277 500 500 350 556 1000 /Type /FontDescriptor /Encoding /WinAnsiEncoding 600 600 600 600 600 600 600 600 This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. endstream Park Avenue Securities is a registered broker-dealer, investment adviser and a direct, wholly-owned subsidiary of Guardian Life. As it relates to Fundrise, a DTC number allows us to complete fully electronic transfers of IRA funds from your current IRA custodian. /FontDescriptor 15 0 R 399 548 333 333 333 576 537 333 556 556 556 556 556 556 556 548 Here, advisors use Park Avenue's offerings within their independent practices. /Type /FontDescriptor Fee Structure. What does this mean? << 556 556 556 556 556 556 556 556 Member FINRA, SIPC. DTC stands for Depository Trust Company and is typically a 4-digit number that helps facilitate transactions between financial institutions. Park Avenue Securities is a wholly owned subsidiary of The Guardian Life Insurance Company of America and is located at 10 Hudson Yards, New York, NY 10001. 600 600 600 600 600 600 600 600 The regulator censured the broker-dealer, fined it $300,000, and ordered it to make restitution to the affected customers in the total amount of over $443,000 for those UIT sales abuses. The firm has extensive experience with Park Avenue Securities cases, and Attorney Pearce is committed to seeing that those responsible for the losses you have suffered are held fully accountable. 2014041679201 (Oct. 19, 2015). /CapHeight 500 No. Park Avenue Securities offers investment advisory services to both non-high-net-worth and high-net-worth individuals, pension and profit-sharing plans, charitable organizations insurance businesses and companies. /FirstChar 32 Open the Depository Trust Company website, and click on the Client Center button on the bottom menu bar. /Type /Font Questions to ask 666 777 722 666 610 722 666 943 %PDF-1.3 New York, NY 10001 (888) 600-4667. . where can i load my rapid pay card. "Every interaction with Robert reminds me that he is smart, quick, responsive and a consummate professional. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). /Encoding /WinAnsiEncoding What does this mean? 722 722 777 777 777 777 777 583 The settlement arose out of Park Avenue Securities breaches of fiduciary duty and inadequate disclosures by the investment advisory firm in connection with its mutual fund share class selection practices and the fees it received pursuant to Rule 12b-1 under the Investment Company Act of 1940 (12b-1 fees). 333 333 365 556 833 833 833 610 MAIN ADDRESS. jp morgan chase dtc number 902. /FontBBox [ -665 -325 2000 1040 ] tips_and_updates Financial Advisor Education. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. /Descent 300 /Widths [ Grappling with lingering rate hike concerns. 666 777 722 666 610 722 666 943 What does this mean? A Self-Regulatory Organization has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA,/SIPC. Founded in 1990. Please contact a financial professional for guidance and information that is specific to your individual situation. Market holds up on busy week of earnings and economic data. 600 600 600 600 600 600 600 600 In the course of one of FINRAs audits of Park Avenue Securities, it found that the brokerage firm failed to enforce its written supervisory procedures regarding the monitoring of customer trades, and failed to establish and maintain a supervisory system reasonably designed to follow up on the performance of its supervisors with regard to monitoring trade executions, in violation of NASD Rules 3010(a), 3010(b) and FINRA Rule 2010. What does this mean? First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 333 736 370 556 583 0 736 552 /Descent -210 Now, once you fill out your DTC code and account number, you are ready to make a transfer. /BaseFont /Arial,Bold Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. What does this mean? File A Claim To Recover Your Investment Losses At Park Avenue Securities LLC Due To John Kwit. Questions to ask Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. Perhaps, if FINRA imposed a meaningful fine, the firm might not have looked the other way when it came to enforcing its own supervisory procedures. Advisors at this firm may be affiliated with other firms in the financial services industry. 600 600 600 600 600 600 600 600 This website is intended for general public use. 600 600 600 600 600 600 600 600 Average Retirement Savings: How Do You Compare? 160 Gould Street Suite 310, Needham, Massachusetts 02494, 7101 Wisconsin Avenue Suite 1200, Bethesda, Maryland 20814, 29800 Telegraph Road, Southfield, Michigan 48034, 900 Ashwood Parkway Suite 400, Atlanta, Georgia 30338, 6115 Park South Drive Suite 295, Charlotte, North Carolina 28209, 6455 South Yosemite Street Suite 300, Greenwood Village, Colorado 80111, 5280 Carroll Canyon Road Suite 300, San Diego, California 92121, 3040 Post Oak Blvd Suite 1150, Houston, Texas. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. ';+ Sy"$*E#$k'G&_9'`<9{Rk"Hol &\U91H({Y,u"Y4ayeA2yu]DZ);9Gh.`dt~X=Re &O V-gqWIoz}@.7)>d}Vk P`a?z' yKDMY%"g;K8Nk[*JOe FTXW]s|qT,$R=#penQjLU!E They are not devoted full-time supervisors of the smaller branch offices. >> 333 1000 666 333 1000 0 610 0 By providing this content, Park Avenue Securities LLC is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. SECURITIES AND EXCHANGE COMMISSION . 3 0 obj Lets discuss your case and see what we can do to help you get the compensation you need and deserve. endobj Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". What does this mean and why is it important? In the past ten years, firm or an advisory affiliate has been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses. /BaseFont /Arial 600 600 600 600 600 600 600 600 In my many years of experience, Bob is as good or better than anyone I have ever worked with and always gives every case his maximum best effort. What conflicts do I need to be made aware of? If you are lucky enough to be referred to Bob, I wouldn't look any further. If you believe you have a claim against Park Avenue Securities, you should strongly consider hiring an investment fraud lawyer. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. /LastChar 255 Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. In the course of that investigation, FINRA found that Park Avenue Securities failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to ensure that representatives recommendations concerning multi-share class variable annuities complied with applicable securities law, regulations and rules. 556 556 333 500 277 556 500 722 Park Avenue Securities is responsible like any employer for its financial advisors acts and omissions. They are not employees of the broker-dealer and therefore not controlled in the same manner as full-service brokerage firm representatives. /CapHeight 500 . /FontFile2 18 0 R For instance, research has shown that mutual funds that use incentive fees take on more risk than funds that do not, and tend to double down and increase their risk following a poor performance. 2 0 obj Related Read:Can You Sue Your Brokerage Firm? Use of most services provided by the regulated DTCC subsidiaries generally require membership in that subsidiary. Does the firm offer products that have performance-based fees, or does it accept performance-based fees? /BaseFont /DDACTR+Wingdings 556 556 556 556 556 556 556 548 As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. 8 0 obj Firm or an affiliate actively engages in business as a law firm or lawyer. 556 556 556 556 556 556 556 556 CALL US TODAY FOR A FREE CONSULTATION (800) 732-2889. park ave securities pasl pershing advisor solutions, llc pasq du pasquier & co., inc. path capital path securities llc . Neither the SEC nor FINRA tracks portfolio performance metrics for the financial planning industry. Contact Information. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. << Park Avenue Securities has many different complaints filed by FINRA (Financial Industry Regulatory Authority), state regulatory organizations, and investors such as yourself. /Name /F1 Depending on the IAR you work with, you may also have access to financial planning and consulting services. /Ascent 905 B . Feb 16, 2021, 12:25 ET. PAS is a wholly-owned subsidiary of Guardian. Subsequent to that sanction, FINRA conducted another investigation and for the short period it reviewed firms books and records, FINRA found that Park Avenue Securities continued to fail to enforce its written supervisory procedures regarding amendments to FINRAs disclosure reporting forms. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. /DescendantFonts [16 0 R] Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. Attorney Robert Wayne Pearce has over 40 years of personal experience in FINRA arbitration proceedings and knows very well how you can not only sue Park Avenue Securities in FINRA arbitration proceedings, but WIN that arbitration. Sedway Financial is not an affiliate or subsidiary of PAS or Guardian. >> Is your firm affiliated with a law firm in any capacity? Park Avenue Securities, registered in 2000, serves 53 state (s) with a licensed staff of 1,696 advisors. >> 777 722 722 722 722 666 666 610 GUARDIAN and the Guardian Logo are registered trademarks of The Guardian Life Insurance Company of America. /LastChar 255 /FontDescriptor 9 0 R In fact, it is not unusual for there to be only one compliance audit visit per year at many of these offices. 13 0 obj /Ascent 898 Gregory A. Ahrens, CFP, ChFC. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Park Avenue Securities LLC (PAS) is a wholly-owned subsidiary of The Guardian Life Insurance Company of America, which has a rich heritage . You can contact Park Avenue Securities by calling (888) 600-4667. Financial plans and investment portfolios are always unique to the client's personal financial situation. ] NSCC Member Directories. Consult With An Attorney Who Recovers Investment Losses Caused By Park Avenue Securities LLC Today! /FontDescriptor 11 0 R As your financial objectives change, though, your advisor will amend your portfolio to reflect them. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. 333 1000 500 333 943 0 500 666 /Type /Outlines representative, broker - dealer, state - or SEC - registered investment advisory firm. clears via dtc 0015 clears via dtc 0418 dealerweb/hilliard farber & co., inc. hilliard farber . 556 556 277 277 583 583 583 556 Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. PARK AVENUE SECURITIES LLC. 0 222 222 333 333 350 556 1000 1,792. /Registry (eA) /W [ Morgan Wilshire Securities, Inc. is a licensed broker-dealer located in Garden City, NY helping our clients invest in stocks, bonds, mutual funds and other Call Today: 516.622.3100 Primary Menu Skip to content Fees & Compensation. 916 Southwood Boulevard Check only one of the following seven boxes. What does this mean and why is it important? 89450. The opinions expressed and (212) 919-8551Ana_Sandoval@glic.com. /FontDescriptor 5 0 R Line Number: 1349. Questions to ask How do we make money? /FontBBox [ -517 -325 1359 998 ] Park Avenue Securities manages $10.6 billion and provides investment advisory services for 54,606 clients (1:32 advisor/client ratio). 399 548 333 333 333 576 537 333 These Eligible Customers were instead sold Class A shares with a front-end sales charge or Class B or C shares with back-end sales charges and higher ongoing fees and expenses. For further detail, see our articles on different types of advisors and financial advisor services. Visit your local Park Avenue Securities LLC at 7 Hanover Square in New York, NY to find a financial representative for everything from life insurance, annuities, and investments to dental and vision insurance and employee benefits. That's our specialtylogin toNetXInvestor for online access to your Park Avenue Securities account 24/7. How does your firm approach insurance sales? As a result of these deficiencies, FINRA discovered Park Avenue Securities failed to detect the unauthorized sales of securities and the wiring of funds by a Park Avenue Securities unregistered administrative assistant who misappropriated approximately $255,300 from the Park Avenue Securities accounts of two elderly customers over a period of more than three years. % Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. Participation in the Certification program, including the payment of an annual fee to investor.com, does not guarantee or in any way bias investor.com's decision to award "Trusted by investor.com" status, and "Trusted by investor.com" status shall not constitute or be construed as an endorsement of any firm by investor.com. OSJ: 5280 Carroll Canyon Road, Ste 300 San Diego CA 92121, United States (619) 684-6400PAS is a wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. During the course of another FINRA investigation, the regulator discovered that Park Avenue Securities failed to apply sales charge discounts to certain customers eligible purchases of unit investment trusts (UITs) in violation of FINRA Rule 2010. SCHEDULE 14A . While partners may pay to provide offers or be featured, e.g. 975 722 722 722 722 666 610 777 /CIDToGIDMap /Identity Questions to ask /LastChar 255 Caswell is dedicated to raising awareness for childhood cancer research and has previously served on the board for the Association for Research of Childhood Cancer in Buffalo. See Advisors At This Firm. 399 548 333 333 333 576 537 333 << Brokerage Firm Regulated by FINRA (New York district office) IA. This section provides the listings of participants alphabetically by name and number for National Securities Clearing Corporation (NSCC). Give us a call at800-732-2889. The Law Offices of Robert Wayne Pearce, P.A. NV 277 333 556 556 556 556 259 556 556 556 333 333 583 583 583 610 << Firm's/Financial Professional's investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Guardian Life Your advisor will analyze your personal situation, taking into account factors such as your risk tolerance, time horizon and financial goals, before making recommendations. /StemV 0 556 556 556 556 556 556 556 556 Your trusted wealth management destination. /LastChar 255 In addition, it has an independent duty to supervise its stockbrokers and investment advisors. Oftentimes there is no daily review of sales literature and client correspondence to protect against misrepresentations and misleading statements being made to investors. Im confident her experience will bring outstanding value to our financial advisors and their clients.. Particularly, Park Avenue Securities was fined $300,000.00 and censured by FINRA based upon findings that the firm overcharged investors on unit investment trust transactions placed in customers' accounts. What does this mean and why is it important? All investing involves risk, including loss of principal. She is licensed to sell life and health products, and holds Series 7, 66, and 24 licenses. New York time at the offices of Winston & Strawn LLP at 200 Park Avenue, New York, New York 10166 and via live webcast at with the password of . Caswell is building a comprehensive wealth management platform to help financial advisors meet the wealth management needs of their clients. /Encoding /WinAnsiEncoding If youve lost money caused by Park Avenue Securities and/or its employees misconduct then the answer is, YES, you can sue Park Avenue Securities but the odds are you signed away your right to sue in court and agreed to resolve your dispute in a FINRA arbitration proceeding. >> /** * Error Protection API: WP_Paused_Extensions_Storage class * * @package * @since 5.2.0 */ /** * Core class used for storing paused extensions. In addition, Park Avenue Securities failed to establish, maintain and enforce a supervisory system and written supervisory procedures (WSPs) reasonably designed to ensure that customers received sales charge discounts on all eligible UIT purchases in violation of NASD Conduct Rule 3010 and FINRA Rule 2010. What does this mean and why is this important? endobj A standard fee schedule is one that's typically tiered by asset level, and requires clients to pay advisory fees, custodial fees, transactional fees and more in exchange for services and investment trades. 600 600 600 600 600 600 600 0 Questions to ask Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. 333 333 365 556 833 833 833 610 ", "When the pressure is on, Bob is always calm and prepared to and consistently crafts a winning strategy", "Bob is one of the few very best lawyers I have worked with during my 30 year career. Yes or Through its affiliated advisors, Park Avenue works with tens of thousands of individual clients. All rights reserved. /Ascent 832 Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. /ItalicAngle 0 /FontName /CourierNew >> Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Try for free at rocketreach.co While Park Avenue Securities advises clients across a variety of portfolio sizes, the average client balance is currently $194,581. 666 666 610 277 277 277 469 556 Get the latest business insights from Dun & Bradstreet. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Securities products [and advisory services] offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. What does this mean? For the most up-to-date information, please view the applicable SEC and FINRA reports above. What does this mean and why is it important? This section provides the listings of participants alphabetically by name and number for National Securities Clearing Corporation (NSCC). A domestic or foreign court has previously found firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations. The SEC's Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about the effects of chills and freezes on an investor's ability to hold and trade securities. Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. Does your firm perform side-by-side management? How does your firm mitigate them? 277 333 556 556 556 556 279 556 Your nominee must also initiate electronically, using DTC's DWAC system, a withdrawal of the relevant Units and a . The firm also offers access to VestWise, an automated investment advisory program. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. /Subtype /TrueType endobj OSJ: 29800 Telegraph Road, Southfield, MI 48034, (810) 355-1328 PAS is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Whether its building a long-term investment strategy for retirement, saving for college,or capital preservation, at Park Avenue Securities, we provide financial professionalswith the products and tools to help you step forward to take charge of your financial future and achieve financial success. Park Avenue Securities LLC. Our partners compensate us through paid advertising. One-Time Checkup with a Financial Advisor, Investment advisory representatives (IARs), Council for Community and Economic Research, Park Avenue SMA Select: Varies on an advisor-to-advisor basis, Strategist Select and Strategist Select Plus:$10,000, Foundations/Quantitative Innovations: $10,000, If youre not sure how to diversify your portfolio, use our. I have worked with Robert Pearce on dozens of matters and have always been impressed by his creativity, energy and professionalism. It is now one of the 50 largest independent broker-dealer and investment advisory firms in the United States. Our commitments rest on a strong financial foundation, which at year-end 2019 included $9.3 billion in capital and $1.7 billion in operating income. What does this mean? 556 556 333 500 277 556 500 722 The firms failure to conduct an adequate investigation violated NASD Rule 3010 and FINRA Rule 2010. 277 277 354 556 556 889 666 190 /Name /F5 The firm's website is not secure by modern internet standards. endobj What does this mean and why is it important? We know how to get you there. 722 722 777 777 777 777 777 583 The stock market lost some ground this week due to a sense that the market was due for a period of consolidation on the back of rate-hike and valuation concerns. I am an Expert Witness in Securities and Investment related litigation. . Time in Business. PARK AVENUE SECURITIES LLC . 6 0 obj /ItalicAngle 0 /Subtype /CIDFontType2 The Registered Agent on file for this company is Corporation Service Company and is located at 225 Asylum Street 20th Floor, Hartford, CT 06103. .Amount due. endobj /Widths [ Will any of my assets be invested in those products? Read how DTCC puts resilience at center of business planning. 556 556 556 556 556 556 556 548 What does this mean? Park Avenue Securities Review. 10. . 1015 666 666 722 722 666 610 777 I would most certainly recommend his services to family and friends without hesitation. << 600 600 600 600 600 0 600 600 This could also limit the number and diversity of investment options available and may impact their transferability. This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals. NASSA and other state securities regulator investigations and enforcement actions account for another 40 more BrokerCheck disclosures. You should not wait until its too late to file a claim. You will be automatically logged in to "Dashboard. Should I Hire a Financial Advisor or DIY It? ] 277 277 354 556 556 889 666 190 The Guardian community of over 9,000 employees and our network of over 2,500 financial representatives is committed to serving with expertise when, where and how our clients need us. Talk with Robert Pearce now (800) 732-2889. /ItalicAngle -120 The company's filing status is listed as Active and its File Number is 0628369. Park Avenue Securities LLC Park Avenue Securities LLC. Park Avenue Securities is a dually registered broker-dealer and investment advisory firm with billions of dollars in client assets under management (AUM). 270 Park Avenue New York, New York 10017 Routing[ABA] Number: 021000021 Account Number: 3375775185 . Firm or an advisory affiliate has previously had their authorization to act as an attorney, accountant, or federal contractor revoked or suspended. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. >> 10 Hudson Yards. Get the latest business insights from Dun & Bradstreet. Why doesnt your firm use a secure website? As a result, they may be incentivized to recommend products from these affiliates due to extra commissions or compensation earned. Suite 1C 556 556 333 500 277 556 500 722 2023 Reink Media Group LLC. [/PDF /Text /ImageC] Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. By providing this content, Park Avenue Securities LLC is not undertaking to provide any recommendations or investment advice regarding any specific account type, service, investment strategy or product to any specific individual or situation, or to otherwise act in any fiduciary or other capacity.