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Financial Network Investment Corporation (El Segundo)


Financial Network Investment Corporation is a large advisory firm based in El Segundo. It manages $10.3 billion of regulatory assets for 39,664 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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Financial Network Investment Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Network Investment Corporation: assets under management

The assets under management (AUM) of Financial Network Investment Corporation is $10.3 billion. The firm's AUM has grown by 275% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $4.92 billion in discretionary accounts and $5.38 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $246.44 thousand.
Financial Network Investment Corporation has custody of $9.63 billion in cash and securities for 36,904 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Network Investment Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Financial Network Investment Corporation

John Stephen Simmers has been acting as President since 1 Dec 2000. Bryan K Jacobsen joined the executive team most recently as the Advisory, Cco.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Fni International Direct owner 1 Jun 1984 75% - 100% 33-0048433
Monica Marie Murphy Vice president/assist. general counsel 1 Sep 1984 Other 2468472
Jackie Lisa Figliola Executive vice president 1 Jul 1987 Other 1144031
Jennifer Lee Landefeld Vice president 1 Apr 1993 Other 1060992
Saramelissa Isabel Potter Vice president 1 Apr 1993 Other 1226220
Jan Adinoff Gordon Vice president 1 Sep 1994 Other 1267846
Barbara Elizabeth Kazarian Sr. vice president 1 Oct 1994 Other 1389514
Gary Burkard Sr. vice president 1 Feb 1995 Other 704675
Thomas Adam Wiltrakis Sr. v.p. general counsel 1 Jun 1995 Other 1803873
Aura Lucila Carrillo Vice president 1 Jun 1995 Other 1175337
Marc Shigeo Kawakami First vice president 1 Jul 1995 Other 2053490
Dennis Herbert Watkins Vice president 1 Jan 1996 Other 459863
Michael Anthony Fiorentino Vice president 1 Oct 1996 Other 208159
Rhonda Michelle Ecker Vice president 1 Mar 1997 Other 1765909
Patrick Harold Kennedy Vice president 1 Oct 1997 Other 1673873
Cynthia A Hamel Sr. vice president 1 Jan 1998 Other 3014361
Wayne Brett Larsen Controller 1 Jan 1998 Other 2854709
Linda Ann Brosche Vice president 1 Jan 1998 Other 1888719
Norman Mark Marr Sr. vice president/c.f.o. 1 Feb 1998 Other 2790881
Duane Timothy Shoop Vice president 1 Oct 1998 Other 1396302
Donna Marie Lombardi Vice president 1 Dec 1998 Other 3174452
Nancy Ruth Carpenter Sr. vice president 1 Apr 1999 Other 1174000
Stanley R Smiley Vice president 1 Apr 1999 Other 3004604
Bessie Cruz Savery Vice president 1 Apr 1999 Other 2177681
Robert Jeffrey Garland Vice president 1 Apr 2000 Other 2966810
Jose Luis Jr. Rodriguez Assistant vice president 1 Jun 2000 Other 2105127
Gerrell Renard Jackson Assistant vice president 1 Jul 2000 Other 2091914
Ramon Ramos Assistant vice president 1 Jul 2000 Other 2160203
Judy Kay Wolf Assistant vice president 1 Jul 2000 Other 2082581
Carolyn Ann Jergens First vice president 1 Aug 2000 Other 1917467
Colin Stephenson Iii Mackenzie First vice president 1 Aug 2000 Other 1142061
Michael Leslie Tew First vice president 1 Oct 2000 Other 2132646
Dorothy Ann Ryans Vice president 1 Nov 2000 Other 1857187
Miles Zev Gordon Chairman - board of directors 1 Dec 2000 Other 866959
John Stephen Simmers Secretary/director 1 Dec 2000 Other 711578
Jackie Lisa Figliola Director 1 Dec 2000 Other 1144031
Fred Allen Jr Borries Chief operating officer 1 Jan 2001 Other 1060711
Brian Lee Nygaard Director 1 Jan 2001 Other 1257931
David Earl Fred Vice president 1 Feb 2001 Other 1206892
Colin Stephenson Iii Mackenzie Sr. vice president 1 Mar 2001 Other 1142061
Sandra Tom Mukogawa Assistant vice president 1 Apr 2001 Other 2295093
Abdiel Alan Valenzuela Assistant vice president 1 May 2001 Other 1986132
Brian Douglas Emde Assistant vice president 1 May 2001 Other 2401493
Jan Adinoff Gordon First vice president 1 Jun 2001 Other 1267846
Marc Shigeo Kawakami Sr. vice president 1 Jun 2001 Other 2053490
Michael Anthony Fiorentino Sr. vice president 1 Jun 2001 Other 208159
Carolyn Ann Jergens Sr. vice president 1 Jun 2001 Other 1917467
Donna Marie Lombardi First vice president 1 Jun 2001 Other 3174452
Stanley Robert Smiley Sr. vice president 1 Jun 2001 Other 3004604
Reynaldo Caspillo Pajarillo Assistant vice president 1 Jun 2001 Other 2947366
Cheryl Elaine Conner Assistant vice president 1 Jun 2001 Other 2990083
Thomas Byron Taylor Assitant vice president 1 Jun 2001 Other 2193426
Carolyn Ann Armitage Sr. vice president 1 Jun 2001 Other 1917467
Rebecca Lynn Richmond Vice president 1 Jul 2001 Other 4103180
Rebecca Lynn Furnival Vice president 1 Jul 2001 Other 4103180
Stephen Bryant Benton Sr. vice president 1 Aug 2001 Other 864385
Kerry Elizabeth Cunningham Director 1 Aug 2001 Other 4466477
Ramon Ramos Vice president 1 Sep 2001 Other 2160203
Reynaldo Caspillo Pajarillo Vice president 1 Sep 2001 Other 2947366
Cheryl Elaine Conner Vice president 1 Sep 2001 Other 2990083
Thomas Byron Taylor Vice president 1 Sep 2001 Other 2193426
Norman Mark Marr Sr. vice president/c.f.o./asst. secretary 1 Nov 2001 Other 2790881
Joan Cohen Director 1 Nov 2001 Other xxx-xx-xxxx
Jack Raymond Jr Handy President/ ceo/director 1 Dec 2001 Other 1997929
John Stephen Simmers Chairman of the board of directors 1 Jul 2002 Other 711578
Jack Raymond Jr Handy President and chief executive officer 1 Jul 2002 Other 1997929
Norman Mark Marr Director, vice president/c.f.o. 1 Jul 2002 Other 2790881
Valerie Gay Brown Director, vp 1 Sep 2002 Other 4619265
John Stephen Simmers Director, vice president 1 Jan 2004 Other 711578
Cynthia A Hamel Director 1 Jan 2004 Other 3014361
Maureen Melodee Maloney Chief compliance officer 1 Jun 2004 Other 4375865
Cheryl Ann Kunstle Vice president, national business development manager 1 Jul 2004 Other 2833635
James Robert Kearny Director of investment advisory 1 Jan 2005 Other 2508390
Stephen Bryant Benton Chief compliance officer 1 Jul 2005 Other 864385
Stephen Bryant Benton Sr. vice president, national sales manager 1 Mar 2006 Other 864385
Albert L Johnson Chief compliance officer 1 Mar 2006 Other 2756121
Anita Faye Woods Financial operations principal 1 Jun 2006 Other 3118458
Thomas Byron Taylor Chief operating officer 1 Jun 2006 Other 2193426
Randall Lee Ciccati Director 1 Apr 2007 Other 1569353
Kevin Michael Laraia Director 1 Apr 2007 Other 2456743
Stanley Robert Smiley Vice president 1 Nov 2007 Other 3004604
Norman Mark Marr Director, chairman and vice president 1 Apr 2009 Other 2790881
Thomas Byron Taylor Director , vice president & coo 1 Apr 2009 Other 2193426
Cheryl Ann Kunstle Vice president, business development 1 Apr 2009 Other 2833635
Mark Paul Shelson Chief financial officer and treasurer 1 Feb 2010 Other 1819252
Valerie Gay Brown Director and chairman 1 Feb 2010 Other 4619265
Gregory Alan Olson Assistant secretary 1 Feb 2010 Other 2692482
Bernard Andre Breton Chief compliance officer 1 Apr 2010 Other 2030660
Nancy Johnson Jones Chief compliance officer, secretary 1 Aug 2010 Other 2026139
Barnaby James Grist Director and vice president 1 Oct 2010 Other 3220850
Cynthia A Hamel Vice president 1 Oct 2010 Other 3014361
Inc. Cetera Financial Group Shareholder, 100% of common stock 1 Dec 2010 75% - 100% 30-0588666
Bryan K Jacobsen Advisory, cco 1 Apr 2012 Other 3055957
Douglas Stephan King President 1 Apr 2012 Other 1375683
James Walter Shay Head of risk management 1 Apr 2012 Other 3247381

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
Ing Verzekeringen N.V. Shareholder 1 Dec 1963 75% - 100%
Nv Ing Verzekeringen Sole shareholder 1 Dec 1963 75% - 100% foreign
Ing Insurance International B.V. Shareholder 1 Apr 1977 75% - 100%
Bv Ing Insurance International Sole shareholder 1 Apr 1977 75% - 100% foreign
N.V. Ing Groep Shareholder 1 Mar 1991 75% - 100%
Ing Groep Nv Sole shareholder 1 Mar 1991 75% - 100% foreign
Inc. Aetna Retirement Holdings Shareholder 1 Jul 1997 75% - 100% 06-145-0896
Inc. Aetna Retirement Services Shareholder 1 Jul 1997 75% - 100% 06-144-5221
Inc. Aetna Retail Holding Company Shareholder 1 Dec 1998 75% - 100% 06-152-7984
Inc. Ing Retail Holding Company Sole shareholder 1 Dec 1998 75% - 100% 06-1527984
Inc. Lion Connecticut Holdings Shareholder 1 Dec 2000 75% - 100% 02-0488491
Inc. Ing American Insurance Holdings Shareholder 1 Dec 2000 75% - 100% 52-1222820
Donald Baird Marron Sole member 1 Mar 2001 75% - 100% 320532
Llc Marron & Associates Managing member 1 Aug 2005 75% - 100% 13-4146065
Llc Lightyear Fund Ii Gp Holdings General partner 1 Aug 2005 75% - 100% 20-3852557
L.P. Lightyear Fund Ii Gp General partner 1 Aug 2005 75% - 100% 20-3852817
Llc Chestnut Venture Holdings Sole member 1 Dec 2007 75% - 100% 13-4162378
L.P. Lightyear Fund Ii Shareholder; 99.736% of common stock 1 Nov 2009 75% - 100% 20-3859450
Inc. Cetera Financial Holdings Shareholder; 100% of common stock 1 Nov 2009 75% - 100% 30-0588663
Inc. Cetera Financial Group Shareholder; 100% of common stock 1 Jan 2010 75% - 100% 30-0588666

Based in El Segundo

The principal office where Financial Network Investment Corporation performs its advisory services is located at 200 N. Sepulveda Blvd., El Segundo, CA 90245 5672, which is also the mailing address of the firm. An additional office of the firm is in Washington, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-326-3100 or by fax 310-784-1164. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.financialnetwork.com.


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