Allaria Securities LLC is a broker dealer Member of FINRA and SIPC. It offers brokerage services in securities to retail and institutional clients. It clears and holds custody through Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation.
Allaria Information
Allaria Securities is a diverse brokerage and asset management firm that offers a wide range of investment services to clients domestically and internationally. As a member of the Financial Industry Regulatory Authority (FINRA), Allaria Securities provides a diverse portfolio of investment options. The firm caters to individuals, trusts, corporations, and high-net-worth clients, offering both discretionary and non-discretionary asset management services.
Additionally, Allaria Asset Management, a registered investment adviser, operates in conjunction with Allaria Securities to provide tailored advisory services.
Pros and Cons of Allaria
Allaria Securities is a well-regulated and secure financial institution, licensed by FINRA and adhering to strict regulatory standards imposed by the FINRA. The firm also implements advanced cybersecurity measures, uses state-of-the-art encryption technologies, and maintains rigorous compliance reviews.The range of services offered by Allaria is extensive, catering to various needs of institutional and professional clients. Additionally, the firm's commitment to superior customer service, available through multiple channels, ensures that clients receive timely and effective support.
There are some potential drawbacks to consider with Allaria Securities. The firms services might be more suited to institutional and professional clients, possibly making it less accessible or less tailored to retail investors with smaller portfolios or different needs.Another potential downside is the firm's reliance on its partnership with Pershing LLC for clearing and custody services.
Is Allaria safe？
Regulations
Allaria is officially licensed and regulated by The United States Financial Industry RegulatoryAuthority (FINRA) under license number CRD#: 286504/SEC#: 8-69891.
Funds Safety
Allaria Securities prioritizes the safety of its clients' funds through membership in the Securities Investor Protection Corporation (SIPC). This membership ensures that client accounts are protected up to $500,000, including a $250,000 limit for cash claims, in the event of the firm's financial failure. Furthermore, Allaria Securities adheres to stringent regulatory standards imposed by the FINRA, ensuring compliance and regular audits to maintain financial integrity and transparency
Safety Measures
Allaria Securities implements robust safety measures to protect client information and investments. The firm uses advanced encryption technologies for online transactions and maintains rigorous cybersecurity protocols to safeguard against data breaches. Additionally, clients' investments are kept separate from the firm‘s assets, providing an extra layer of security against mismanagement. Regular compliance reviews and adherence to regulatory requirements further bolster the firm’s commitment to maintaining a secure trading environment.
Services
Allaria offers a diverse range of services designed to meet the needs of institutional and professional clients in the financial markets.
- Trading & Execution: Allaria Securities provides efficient brokerage and trade execution services for both retail and institutional clients across a wide range of financial securities and global markets. By partnering with Pershing LLC, Allaria ensures state-of-the-art clearing and settlement on every transaction, enhancing their execution capabilities for both wealth and portfolio management teams.
- Wealth Management: Allaria offers tailored wealth management services based on clients' risk tolerance, investment objectives, and financial goals. Leveraging the firm's extensive resources in portfolio management, research, tax, legal, and compliance, Allaria's network of financial advisers helps clients build, preserve, and manage wealth through diverse financial strategies.
- Portfolio Management: Allaria's portfolio management services combine the expertise of the group's investment committee with extensive market experience, internal and independent research, and access to deal flow and execution. The team of portfolio managers develops a variety of model portfolios and customized investment strategies across multiple asset classes.
- Research: Allaria acts as an intermediary under chaperone rule 15a-6 to distribute research created by its affiliate, Allaria Ledesma & Cía., to specific U.S. institutional and major institutional investors. This service includes providing execution capabilities for the securities identified in the research, thereby offering clients access to high-quality, actionable market insights.
- Clearing & Custody: Allaria Securities prioritizes the safety of client assets and the efficiency of transaction execution. To achieve this, the firm has partnered with Pershing LLC, a wholly owned subsidiary of Bank of New York Mellon (BNYM). Pershing LLC serves as Allaria's clearing and custody agent, managing customers segregated accounts and providing various clearing services.
Customer Service
Allaria offers excellent customer service through various channels, including email (info@allariasecurities.com), phone support (+1(786)686-5400), and a message box on their website. The brokers support team is responsive and knowledgeable, assisting clients with any issues they may encounter. This high level of customer support ensures that clients can resolve their problems efficiently and continue trading with minimal disruptions.
Conclusion
Allaria Securities stands out as a secure and well-regulated financial institution, licensed by FINRA and adhering to rigorous FINRA standards. The firm prioritizes the safety of client funds through SIPC membership and implements advanced cybersecurity measures, ensuring a robust trading environment. Offering a diverse range of services, Allaria caters primarily to institutional and professional clients, supported by effective customer service available through multiple channels. However, there is a potential drawback of focusing on institutional clients, possibly limiting accessibility for retail investors.
FAQs
Is Allaria Securities a regulated financial institution？
Yes, Allaria Securities is regulated by the United States Financial Industry Regulatory Authority (FINRA) under license number CRD#: 286504/SEC#: 8-69891, ensuring compliance with strict regulatory standards.
What types of services does Allaria offer？
Allaria offers a wide range of services, including trading and execution, wealth management, portfolio management, research distribution, and clearing and custody services.
How does Allaria support its clients？
Allaria offers excellent customer service through email, phone support, and a message box on their website, ensuring clients receive timely and effective assistance.
Risk Warning
WikiStock's expert assessment of the brokerage's website data is subject to change and should not be taken as financial advice. Online trading carries substantial risks, including the potential loss of all invested capital, and it's crucial to fully understand these risks before investing.
