In 1983, Steven L. Coffey founded Southern Financial Consultants. Instead of splitting commissions, registered reps would receive 100% of their commissions in exchange for a flat monthly management and supervisory fee. At the time, SFC was the only independent broker dealer offering the 100% payout structure.
In 1988, SFC changed its name to Securities Service Network, Inc. and the firm continued to grow nationwide. SSN was inducted into Inc. 500 Hall of Fame in 1999 after receiving their annual award 6 times.
While we lost Steve Coffey tragically in an airplane crash in 1995, his vision and his legacy live on through the professionalism and dedication of our home office staff and representatives across the country. His model of utmost professionalism and integrity are SSN’s solid foundation in which we continue to grow upon today. While our payout structure has changed somewhat, our philosophy remains the same, you receive one of the highest payouts in the industry with a fixed monthly cost.
SSN is now owned by Ladenburg Thalmann Financial Services, Inc. yet we are still free to manage for the long-term benefit of our advisors, their clients, our employees, and our shareholders. Successful businesses last because of strong, mutually beneficial relationships. Your broker dealer experience should be no different.