USA Financial Securities LLC

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Commissions

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Asset-based fee: up to 2.7% of assets a year (the maximum the brochure states)

As stated in the firm's Form ADV Part 2A brochure dated March 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

$296,504,775 as of October 2026, filing dated March 27, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Selection of other advisers (including private fund managers)

Also doing business as

USA FINANCIAL, USA FINANCIAL ASSET MANAGEMENT

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2007 (19 years)

Employees

Total: 172. Performing investment advisory functions: 134.

Wrap fee program participation

Yes.

Custodians (Schedule D, Section 5.K(3))

Pershing LLC

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.

Other offices (Schedule D, Section 1.F)

26 other offices, as of the April 2026 filing

Bangor, MEBridgeport, WVCamp Hill, PAColombia, MOConnorsville, INErie, PAEvansville, INGrand Rapids, MIHomer Glen, ILLees Summit, MOLouisville, KYMatthews, NCNeenah, WINorristown, PANorth Mankato, MNOsage Beach, MOPuyallup, WARaleigh, NCRed Oak, IARockaway, NJSan Antonio, TXSand Springs, OKShingle Springs, CASt Joseph, MISun City, AZTroy, MI

States registered or notice-filed

51 states or jurisdictions

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

5 Reports 5 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.C(2) 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?
• 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.C(5) 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?
• 11.D(2) 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?
• 11.D(4) 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $212,045,697 in the October 2021 data and $296,504,775 in the October 2026 data, up 40%.

Total employees: 178 in October 2021 and 172 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. April 2026
   • Employees performing advisory functions went from 141 to 134.
   • Added an office in Connorsville, IN.
   • Added an office in Sand Springs, OK.
   • Added an office in Shingle Springs, CA.
   • No longer lists an office in Allentown, PA.
   • No longer lists an office in Cuhohoga, OH.
   • No longer lists an office in Fishers, IN.
   • No longer lists an office in Florence, MS.
   • No longer lists an office in Grand Rapids, MI.
   • No longer lists an office in Jasper, IN.
   • No longer lists an office in John Crossing, GA.
   • No longer lists an office in Lansing, MI.
   • No longer lists an office in Meridian, ID.
   • No longer lists an office in Oak Forest, IL.
   • No longer lists an office in Oakland, IA.
   • No longer lists an office in Omaha, NE.
   • No longer lists an office in Pottstown, PA.
   • No longer lists an office in St Joseph, MI.
   • No longer lists an office in Suwanee, GA.
   • No longer lists an office in Wyomissing, PA.
2. January 2026
   • No longer registered or notice-filed in VI.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.