{
  "crd_number": 46173,
  "slug": "park-avenue-securities-llc-new-york-ny-46173",
  "primary_business_name": "PARK AVENUE SECURITIES LLC",
  "legal_name": "PARK AVENUE SECURITIES LLC",
  "dbas": [
    "PARK AVENUE WEALTH MANAGEMENT"
  ],
  "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": "2000-11-13",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-09-08",
  "carried_forward": false,
  "raum_total": 19575765851.0,
  "raum_discretionary": 17636074218.0,
  "raum_non_discretionary": 1939691633.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 2073,
  "advisory_employees": 2054,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 143165100.0,
      "count": 80,
      "description": "CAPTIVE INSURANCE"
    },
    "charitable": {
      "raum": 92450979.0,
      "count": 235
    },
    "individuals": {
      "raum": 9109655680.0,
      "count": 63006
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 344267049.0,
      "count": 1139
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 9399861261.0,
      "count": 17261
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 486365782.0,
      "count": 397
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 11,
  "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://linkedin.com/COMPANY/PARK-AVENUE-SECURITIES",
    "https://parkavenuewealthmanagement.com",
    "https://vestwise.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/46173",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(3)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    },
    {
      "item": "11.G",
      "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/park-avenue-securities-llc-new-york-ny-46173",
  "display_name": "Park Avenue Securities LLC",
  "summary": "Park Avenue Securities LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 8, 2026.",
  "citation": "AdvisorCensus. Park Avenue Securities LLC (CRD 46173): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Park Avenue Securities LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Park Avenue Securities LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Park Avenue Securities LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated June 18, 2026 states: Hourly rate: $100 to $500 an hour; Subscription: $25,000 a year (Subscription-Based Financial Planning). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Park Avenue Securities LLC located?",
      "a": "Park Avenue Securities LLC's principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 23 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Park Avenue Securities LLC registered with the SEC or a state?",
      "a": "Park Avenue Securities LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 46173."
    },
    {
      "q": "How much does Park Avenue Securities LLC manage?",
      "a": "Park Avenue Securities LLC reports $19,575,765,851 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (90% discretionary)."
    },
    {
      "q": "How have Park Avenue Securities LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Park Avenue Securities LLC: Regulatory assets under management: $7,580,430,456 in the October 2021 data and $19,575,765,851 in the October 2026 data, up 158%. Total employees: 1,803 in October 2021 and 2,073 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Park Avenue Securities LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (63,006); high net worth individuals (17,261); pension and profit sharing plans (but not the plan participants or government pension plans) (1,139)."
    },
    {
      "q": "Does Park Avenue Securities LLC report any disciplinary disclosures?",
      "a": "Reports 11 disclosure items on Form ADV Item 11: yes answers to 11 questions about regulatory matters (11.C(2), 11.C(3), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.E(4), 11.G). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/46173"
    },
    {
      "q": "What changed in Park Avenue Securities LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 7580430456.0,
      "total_employees": 1803,
      "filing_date": "2021-08-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 10625337610.0,
      "total_employees": 1811,
      "filing_date": "2022-09-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 9912742257.0,
      "total_employees": 1825,
      "filing_date": "2023-09-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 11881593369.0,
      "total_employees": 1841,
      "filing_date": "2024-09-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 14998852974.0,
      "total_employees": 1984,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 19575765851.0,
      "total_employees": 2073,
      "filing_date": "2026-09-08"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added the business name Park Avenue Wealth Management."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 1963 to 2054.",
        "Regulatory assets under management went from $14,998,852,974 to $19,575,765,851 (+31%).",
        "Changed its office addresses in Charlotte, NC.",
        "Changed its office addresses in Greenwood Village, CO.",
        "Changed its office addresses in Reston, VA.",
        "Changed its office addresses in Rye Brook, NY.",
        "Changed its office addresses in Wall, NJ.",
        "Added an office in Atlanta, GA.",
        "No longer lists an office in Honolulu, HI."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 18, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $100 to $500 an hour",
      "Subscription: $25,000 a year (Subscription-Based Financial Planning)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $100 to $500 an hour"
        ],
        "quotes": [
          "Hourly fees will generally range from $100/hour to $500/hour, and flat fees will generally range from $500 to $25,000 per agreement."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $25,000 a year (Subscription-Based Financial Planning)"
        ],
        "quotes": [
          "Subscription-Based Financial Planning will generally have a maximum annual fee of $25,000 per agreement."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": null,
          "min": 100.0,
          "max": 500.0,
          "period": "hour",
          "service": null
        },
        {
          "kind": "subscription",
          "amount": 25000.0,
          "min": null,
          "max": null,
          "period": "annual",
          "service": "Subscription-Based Financial Planning"
        }
      ]
    },
    "quotes": [
      "Hourly fees will generally range from $100/hour to $500/hour, and flat fees will generally range from $500 to $25,000 per agreement.",
      "Subscription-Based Financial Planning will generally have a maximum annual fee of $25,000 per agreement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/park-avenue-securities-llc-new-york-ny-46173.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 63006,
      "fewer_than_5": false,
      "raum": 9109655680.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 17261,
      "fewer_than_5": false,
      "raum": 9399861261.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1139,
      "fewer_than_5": false,
      "raum": 344267049.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 235,
      "fewer_than_5": false,
      "raum": 92450979.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 397,
      "fewer_than_5": false,
      "raum": 486365782.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 80,
      "fewer_than_5": false,
      "raum": 143165100.0
    }
  ],
  "disclosure_line": "Reports 11 disclosure items on Form ADV Item 11.",
  "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/46173",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}