Riggs Securities Inc. (Washington)

Name: Riggs Securities Inc.
Address: 808 17 Th Street Nw, Washington, DC, 20006
Telephone: 202-835-4990

Riggs Securities Inc. is an adviser based in Washington. It manages $9.9 million of regulatory assets for 142 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, Texas, and Virginia.

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

Riggs Securities: assets under management

The assets under management (AUM) of Riggs Securities Inc. is $9.9 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $9.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $69.72 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Riggs Securities Inc. for their services and products based on a percentage of assets under management. 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 Riggs Securities Inc.

Henry Anderson Jr Dudley has been acting as President since 1 Jun 1998. Stanley M Dore joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
N.A. Riggs Banks	Shareholder	1 Jun 1998	75% - 100%	53-0133403
Henry Anderson Jr Dudley	Director	1 Jun 1998	Other	2983640
Mark N Hendrix	Director	1 May 1999	Other	3265104
Carole Leu Marti	Sales principal	1 Jul 1999	Other	2412783
Robert Craven Roane	Director	1 Oct 1999	Other	4005991
Henry D Mornault	Director	1 Jan 2002	Other	xxx-xx-xxxx
Vincent Anthony Buchanan	Finop	1 Jan 2002	Other	34247
Steven Curtis Donald	President	1 Sep 2002	Other	869143
Stanley M Dore	Director	1 Feb 2003	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joe Lewis Allbritton	Shareholder	1 Sep 1991	25% - 50%	xxx-xx-xxxx
Riggs National Corporation	Shareholder	1 Mar 1996	75% - 100%	53-0133403

Based in Washington

The principal office where Riggs Securities Inc. performs its advisory services is located at 808 17 Th Street Nw, Washington, DC 20006, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 202-835-4990 or by fax 202-835-6803. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at riggsbank.com/wealth_management/investment_advisors/riggs_securities.html.