Santander Securities

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Total assets under management

$3,140,983,898

Total clients

10,832

0% high-net worth

Total advisors

156

of 449 employees

Firm size

Enterprise

51-2,000 advisors or $10B+ in AUM

Average clients per advisor

Average account size

$289,973

About

Santander Securities LLC provides wrap-fee advisory programs and related services to a broad client base that includes individual (primarily non-high-net-worth) and corporate clients; the firm operates as an enterprise with a multi-advisor platform offering Fund Strategist portfolios, Separately Managed Accounts and Unified Managed Accounts through the Fidelity FMAX platform, and also provides no‑charge financial planning and access to securities‑based lending. Its client-facing support includes a centralized Santander Investments Direct (SID) team to assist clients and reassign accounts when advisors depart.

The firm acts as a fiduciary for advisory services and delivers discretionary management by third‑party Investment Managers selected via FIWA’s multi‑pillar due diligence, with Envestnet used for model implementation and overlay services; portfolios may include ESG options and tax/value overlays and are periodically rebalanced, and uninvested cash in accounts is handled through an automatic Bank Deposit Sweep Program (BDSP). The brochure discloses that BDSP deposits are held on an omnibus basis at the affiliate Santander Bank, N.A., creating custody implications and that the firm and affiliates receive compensation from the BDSP, which can create incentives affecting sweep selection and cash balances.

Noteworthy distinctions relative to many peers include SSLLC’s dual registration and activity as both an SEC‑registered investment adviser and a FINRA‑registered broker‑dealer (the brochure describes longstanding broker‑dealer activity and the firm’s role as introducing broker with clearing through NFS), the absence of a standard fixed‑fee alternative in favor of asset‑based program fees, and explicit disclosures of prior regulatory actions, fines, and restitution events; the brochure also describes various discount programs tied to Santander bank relationships and employee pricing that may affect client pricing and conflicts of interest.

Client services

Financial planning Portfolio management Selection of other advisers

Sponsor to 3rd-party wrap fee program(s) offered by custodian's (nfs) advisory platform

Expertise

ESG / Sustainable investing

Fee options

Percentage

$0 - $49,999.99: 1.30% (FSP Standard Rate) $50,000 - $249,999.99: 1.30% (FSP Standard Rate) $250,000 - $499,999.99: 1.25% (FSP Standard Rate) $500,000 - $999,999.99: 1.20% (FSP Standard Rate) $1,000,000 - $1,999,999.99: 1.15% (FSP Standard Rate) $2,000,000 - $2,999,999.99: 1.10% (FSP Standard Rate) $3,000,000 - $4,999,999.99: 1.08% (FSP Standard Rate) $5,000,000 - $9,999,999.99: 1.03% (FSP Standard Rate) $10,000,000+: 0.94% (FSP Standard Rate) $0 - $49,999.99: 1.00% (SMA Fixed Income Pricing) $50,000 - $249,999.99: 1.00% (SMA Fixed Income Pricing) $250,000 - $499,999.99: 0.95% (SMA Fixed Income Pricing) $500,000 - $999,999.99: 0.90% (SMA Fixed Income Pricing) $1,000,000 - $1,999,999.99: 0.80% (SMA Fixed Income Pricing) $2,000,000 - $2,999,999.99: 0.75% (SMA Fixed Income Pricing) $3,000,000 - $4,999,999.99: 0.75% (SMA Fixed Income Pricing) $5,000,000 - $9,999,999.99: 0.70% (SMA Fixed Income Pricing) $10,000,000+: 0.70% (SMA Fixed Income Pricing) $0 - $49,999.99: 1.40% (SMA Other Pricing) $50,000 - $249,999.99: 1.40% (SMA Other Pricing) $250,000 - $499,999.99: 1.30% (SMA Other Pricing) $500,000 - $999,999.99: 1.20% (SMA Other Pricing) $1,000,000 - $1,999,999.99: 1.10% (SMA Other Pricing) $2,000,000 - $2,999,999.99: 1.05% (SMA Other Pricing) $3,000,000 - $4,999,999.99: 1.00% (SMA Other Pricing) $5,000,000 - $9,999,999.99: 0.95% (SMA Other Pricing) $10,000,000+: 0.90% (SMA Other Pricing) $0 - $49,999.99: 1.35% (UMA Pricing) $50,000 - $249,999.99: 1.35% (UMA Pricing) $250,000 - $499,999.99: 1.30% (UMA Pricing) $500,000 - $999,999.99: 1.15% (UMA Pricing) $1,000,000 - $1,999,999.99: 1.05% (UMA Pricing) $2,000,000 - $2,999,999.99: 0.95% (UMA Pricing) $3,000,000 - $4,999,999.99: 0.85% (UMA Pricing) $5,000,000 - $9,999,999.99: 0.80% (UMA Pricing) $10,000,000+: 0.75% (UMA Pricing)

Other

Account minimum: $25,000 Fee-only: Program Fee ranges from 0.68% to 1.40% annually based on account size and program type; Manager fees range from 0.15% to 1.00%; some FSP programs charge a 0.02% Gateway Fee instead of Manager Fee.

Main office location

Santander Securities

75 State Street, Mail Code: Ma Sst Inv3

Boston MA 02109, United States

Number of offices

418

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Felony convictions

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Investment-related misdemeanors

Investment-law violations

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Authorization suspended

False statement or omission

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Investment regulation violation

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Caused license restriction

Regulatory order

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License denied

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Current proceeding

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Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Is not active or affiliated with:

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 866-736-6475

Advisors at this firm

Sarah C

CFP®, Series 63, Series 65

Boston, MA

Santander Securities LLC

Santander Securities

About

Client services

Expertise

Fee options

Main office location

Most active in

Disclosures

Business activities & affiliations

Forms ADV

Quick links

Advisors at this firm

Sarah C

Yan A

Steven B

Luis A

Kevin H

Paul K

Daniel B

Paul M

Christopher M

Andrew B

Jason R

Seth T

Eli A

Nuzhat Naz K

Andrew B

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