SEC Reg BI Form CRS

 

VBC Securities, LLC is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of Financial Industry Regulatory Authority, Inc. (FINRA) and Securities Investor Protection Corporation (SIPC).                                                                                                        

Brokerage and investment advisory services and fees differ and that is important for the retail investor to understand the differences.  Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

 

“What investment services and advice can you provide me?”

Depending on your needs and investment objectives, we can provide you with services in a retail investor brokerage account to buy and sell securities.  This document gives you a summary of the types of services we provide and how you pay. Please ask us for more information. There are some suggested questions on page 2.

 

Type of Relationship and Services.  Our accounts and services fall under the category of Broker‐Dealer Services - Brokerage Accounts

  • If you open a brokerage account, you will pay us a transaction‐based fee, generally referred to as a commission, every time you buy or sell an investment.

  • You may select investments or we may recommend investments for your account, but the ultimate investment decision for your investment strategy and the purchase or sale of investments will be yours.

  • We can offer you additional services to assist you in developing and executing your investment strategy and monitoring the performance of your account but you might pay more. We will deliver account statements to you each quarter in paper or electronically.

  • We offer a limited selection of investments. Other firms could offer a wider range of choices, some of which might have lower costs.

 

Our Obligations to You.  We must abide by certain laws and regulations in our interactions with you.

  • We must act in your best interest and not place our interests ahead of yours when we recommend an investment or an investment strategy involving securities. When we provide any service to you, we must treat you fairly and comply with a number of specific obligations. Unless we agree otherwise, we are not required to monitor your portfolio or investments on an ongoing basis.

  • Our interests can conflict with your interests. When we provide recommendations, we must eliminate these conflicts or tell you about them and in some cases reduce them.

 

Fees and Costs.  Fees and costs affect the value of your account over time. Please ask your financial professional to give you personalized information on the fees and costs that you will pay.

  • Transaction‐based fees. You will pay us a fee every time you buy or sell an investment. This fee, commonly referred to as a commission, is based on the specific transaction and not the value of your account.

  • With stocks or exchange‐traded funds, this fee is usually a separate commission. With other investments, such as bonds, this fee might be part of the price you pay for the investment (called a “mark‐up” or “mark-down”). With mutual funds, this fee (typically called a “load”) reduces the value of your investment.

  • Some investments (such as mutual funds and variable annuities) impose additional fees that will reduce the value of your investment over time. Also, with certain investments such as variable annuities, you may have to pay fees such as “surrender charges” to sell the investment.

  • Our fees vary and are negotiable. The amount you pay will depend, for example, on how much you buy or sell, what type of investment you buy or sell, and what kind of account you have with us.

  • We charge you additional fees, such as custodian fees, account maintenance fees, and account inactivity fees.

  • The more transactions in your account, the more fees we charge you. We therefore have an incentive to encourage you to engage in transactions.

  • From a cost perspective, you may prefer a transaction‐based fee if you do not trade often or if you plan to buy and hold investments for longer periods of time.

 

Page 2

 

SEC Reg BI Form CRS

 

VBC Securities, LLC is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of Financial Industry Regulatory Authority, Inc. (FINRA) and Securities Investor Protection Corporation (SIPC).                                                                                                        

 

Conflicts of Interest.  We benefit from the services we provide to you. 

  • We can make extra money by selling you certain investments, such as mutual funds or annuities, because they are offered by companies that pay our firm to offer their investments.  Your financial professional also receives more money if you buy these investments.

  • We have an incentive to offer or recommend certain investments, such as mutual funds and annuities, because the manager or sponsor of those investments share with us revenue it earns on those investments.

 

Additional Information.

We encourage you to seek out additional information.

 

We have disciplinary events and disclosures.  Visit Investor.gov for a free and simple search tool to research our firm and our financial professionals.

 

For additional information about our brokers and services, visit Investor.gov or BrokerCheck (BrokerCheck.Finra.org), our website (vbcsecurities.com), and your account agreement.

 

To report a problem to the SEC, visit Investor.gov or call the SEC’s toll‐free investor assistance line at (800) 732‐0330. To report a problem to FINRA, (240) 386-4357. If you have a problem with your investments, account or financial professional, contact us in writing at VBC Securities, LLC, 348 Clifton Avenue, Clifton, NJ 07011, Attention Martha Pierce, Chief Compliance Officer.

 

Key Questions to Ask.

Ask our financial professionals these key questions about our investment services and accounts.

1. Given my financial situation, why should I choose an advisory account? Why should I choose a brokerage account?

2. Do the math for me. How much would I expect to pay per year for an advisory account? How much for a typical brokerage account? What would make those fees more or less? What services will I receive for those fees?

3. What additional costs should I expect in connection with my account?

4. Tell me how you and your firm make money in connection with my account. Do you or your firm receive any payments from anyone besides me in connection with my investments?

5. What are the most common conflicts of interest in your brokerage accounts? Explain how you will address those conflicts when providing services to my account.

6. How will you choose investments to recommend for my account?

7. How often will you monitor my account’s performance and offer investment advice?

8. Do you or your firm have a disciplinary history? For what type of conduct?

9. What is your relevant experience, including your licenses, education, and other qualifications? Please explain what the abbreviations in your licenses are and what they mean.

10. Who is the primary contact person for my account, and is he or she a representative of an investment adviser or a broker‐dealer? What can you tell me about his or her legal obligations to me? If I have concerns about how this person is treating me, who can I talk to?

5-15-2020

 

 VBC Securities, LLC

Member: FINRASIPC

348 Clifton Avenue, Clifton, NJ 07011

 

Hours: Monday through Friday 9:00 AM - 5:00 PM

Toll Free: (877) 982-2732; Main: (973) 928-5400; Fax: (973) 928-5402

 

www.vbcsecurities.com

 

Copyright 2015 VBC Securities, LLC All Rights Reserved

 

All information contained herein is for informational purposes only. 

Providing said information does not in any way form oral, written or otherwise create, establish or develop any relationship between VBC Securities, LLC and the reader of the information on this site.