{
  "crd_number": 104233,
  "slug": "flagstar-securities-inc-new-york-ny-104233",
  "primary_business_name": "FLAGSTAR SECURITIES, INC.",
  "legal_name": "FLAGSTAR SECURITIES, INC.",
  "dbas": [
    "FLAGSTAR ADVISORS"
  ],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-05-10",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-07-28",
  "carried_forward": false,
  "raum_total": 784311024.0,
  "raum_discretionary": 784311024.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 37,
  "advisory_employees": 37,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 29887582.0,
      "count": 13
    },
    "individuals": {
      "raum": 234762250.0,
      "count": 666
    },
    "insurance_companies": {
      "raum": 785805.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 38015128.0,
      "count": 68
    },
    "high_net_worth_individuals": {
      "raum": 409975377.0,
      "count": 338
    },
    "corporations_other_businesses": {
      "raum": 70884882.0,
      "count": 37
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://flagstar.com",
    "https://linkedin.com/company/flagstaradvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104233",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/flagstar-securities-inc-new-york-ny-104233",
  "display_name": "Flagstar Securities, Inc.",
  "summary": "Flagstar Securities, Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 28, 2026.",
  "citation": "AdvisorCensus. Flagstar Securities, Inc. (CRD 104233): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Flagstar Securities, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Flagstar Securities, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Flagstar Securities, Inc. located?",
      "a": "Flagstar Securities, Inc.'s principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 10 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Flagstar Securities, Inc. registered with the SEC or a state?",
      "a": "Flagstar Securities, Inc. is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 104233."
    },
    {
      "q": "How much does Flagstar Securities, Inc. manage?",
      "a": "Flagstar Securities, Inc. reports $784,311,024 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (100% discretionary)."
    },
    {
      "q": "How have Flagstar Securities, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Flagstar Securities, Inc.: Regulatory assets under management: $811,341,329 in the October 2021 data and $784,311,024 in the October 2026 data, down 3%. Total employees: 42 in October 2021 and 37 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Flagstar Securities, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (666); high net worth individuals (338); pension and profit sharing plans (but not the plan participants or government pension plans) (68)."
    },
    {
      "q": "Which custodians does Flagstar Securities, Inc. use?",
      "a": "Flagstar Securities, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Flagstar Securities, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104233"
    },
    {
      "q": "What changed in Flagstar Securities, Inc.'s recent Form ADV filings?",
      "a": "In the August 2026 filing data: Changed its legal name from Flagstar Advisors, Inc. to Flagstar Securities, Inc.."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 811341329.0,
      "total_employees": 42,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1095258974.0,
      "total_employees": 42,
      "filing_date": "2022-04-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 939906760.0,
      "total_employees": 46,
      "filing_date": "2023-09-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 966652484.0,
      "total_employees": 49,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1155077972.0,
      "total_employees": 47,
      "filing_date": "2025-07-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 784311024.0,
      "total_employees": 37,
      "filing_date": "2026-07-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Changed its legal name from Flagstar Advisors, Inc. to Flagstar Securities, Inc.."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 47 to 37.",
        "Regulatory assets under management went from $1,155,077,972 to $784,311,024 (-32%).",
        "Added an office in Walnut Creek, CA.",
        "Added an office in White Plains, NY.",
        "No longer lists an office in Brooklyn, NY.",
        "No longer lists an office in Garden City, NY.",
        "No longer lists an office in Jackson Heights, NY.",
        "No longer lists an office in New Rochelle, NY.",
        "No longer lists an office in New York, NY.",
        "No longer lists an office in Sarasota, FL.",
        "No longer lists an office in Woodland Hills, CA."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/flagstar-securities-inc-new-york-ny-104233.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 666,
      "fewer_than_5": false,
      "raum": 234762250.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 338,
      "fewer_than_5": false,
      "raum": 409975377.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 68,
      "fewer_than_5": false,
      "raum": 38015128.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 13,
      "fewer_than_5": false,
      "raum": 29887582.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 785805.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 37,
      "fewer_than_5": false,
      "raum": 70884882.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104233",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}