Locust Street Securities, Inc. (Des Moines)

Name: Locust Street Securities, Inc.
Address: 909 Locust Street, Des Moines, IA, 50309 9270
Telephone: 515-698-7300

Locust Street Securities, Inc. is a large advisory firm based in Des Moines. It manages $205 million of regulatory assets for 1,582 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Arkansas, California, and 41 other states.

Locust Street Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Locust Street Securities: assets under management

The assets under management (AUM) of Locust Street Securities, Inc. is $205 million. The company doesn't manage any assets belonging to foreign clients.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Locust Street Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Locust Street Securities, Inc.

Karl Stephen Lindberg has been acting as President since 1 Jul 1999. Jacqueline Christine Conley joined the executive team most recently as the Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Paul Stych	Vice president, sales & marketing	1 Jun 1999	Other	1904094
Karl Stephen Lindberg	President/director	1 Jul 1999	Other	1001270
Kevin Michael Laraia	Treasurer, vice president finance & operations, fin op, coo	1 Dec 1999	Other	2456743
Ing Advisors Network. Inc	Sole shareholder	1 Dec 1999	75% - 100%	52-2215129
Victor Michael Mokricky	Crop, srop	1 Jun 2000	Other	2667610
Brian Thomas White	Muncipal securities principal	1 Jun 2000	Other	2759891
Jacqueline Christine Conley	Vice president compliance & chief compliance officer, secretary	1 Apr 2001	Other	3157041
Lynn Annette Stephens	Vice president, business development	1 Apr 2001	Other	2169858
David Eugene Frieberg	Vice president, recruiting	1 Apr 2001	Other	1289486
John Stephen Simmers	Cheif operations officer	1 Oct 2001	Other	711578
Jacqueline Christine Conley	Secretary	1 Jan 2003	Other	3157041
Christopher Alex Cokinis	Vice president, chief compliance officer	1 Jan 2003	Other	1527389

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nv Ing Verzkereringen	Sole shareholder	1 Dec 1963	75% - 100%
Nv Ing Groep	Sole shareholder	1 Mar 1991	75% - 100%	42-1083593
Bv (Ing International) Ing Insurance International	Sole shareholder	1 Apr 1997	75% - 100%
Inc (Ing Us) Ing America Insurance Holding	Sole shareholder	1 Dec 1999	75% - 100%	02-0333654

Based in Des Moines

The principal office where Locust Street Securities, Inc. performs its advisory services is located at 909 Locust Street, Des Moines, IA 50309 9270, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-698-7300 or by fax 515-698-7886. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at locuststreet.com.