December 28, 2014 3:19 AM ET

Capital Markets

Company Overview of Transamerica Financial Advisors, Inc.

Company Overview

Transamerica Financial Advisors, Inc., a broker/dealer and registered investment advisor, provides wealth management advisory services. It offers cash management, custody, risk management, wealth accumulation, financial independence, wealth transfer, managed money program, estate planning, retirement planning, investment strategy development, and business succession planning services. The company was incorporated in 1967 and is based in St. Petersburg, Florida. Transamerica Financial Advisors, Inc. operates as a subsidiary of Ausa Holding Company.

570 Carillon Parkway

St. Petersburg, FL 33716

United States

Founded in 1967

Phone:

800-322-7161

Fax:

866-592-4536

Key Executives for Transamerica Financial Advisors, Inc.

Chief Executive Officer
President
Chief Operating Officer
Chief Compliance Officer and Vice President
Vice President of Technology & Operations
Compensation as of Fiscal Year 2014.

Transamerica Financial Advisors, Inc. Key Developments

Transamerica Financial Advisors, Inc. Appoints Aimee Francoeur Tesoro as the New Vice President of Technology & Operations

Transamerica Financial Advisors, Inc. (TFA) announced that Aimee Francoeur Tesoro is joining the company as the new Vice President of Technology & Operations. Tesoro previously worked for AXA Advisors, serving in a variety of leadership roles, including Head of Retail Operations and Chief Operating Officer for the National Division.

SEC Charges Transamerica Financial Advisors with Improperly Calculating Advisory Fees and Overcharging Clients

The Securities and Exchange Commission announced charges against Transamerica Financial Advisors for improperly calculating advisory fees and overcharging clients. SEC examinations and a subsequent investigation found that Transamerica Financial Advisors offered breakpoint discounts designed to reduce the fees that clients owed to the firm when they increased their assets in certain investment programs. The firm permitted clients to aggregate the values of related accounts in order to get the discounts. However, Transamerica failed to process every aggregation request by clients and also had conflicting policies on whether representatives were required to pass on to clients the savings from breakpoint discounts. As a result, the firm overcharged certain clients by failing to apply the discounts and failed to have adequate policies and procedures to ensure that the firm was properly calculating its fees.

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Recent Private Companies Transactions

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