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Special note to reader: My relationship with Sammons ended May 11, 2005. This portion of the web site is pending revision.



Sammons Securities Company, LLC, is a member of the Sammons Financial Group. The Sammons Financial Group is a group of privately owned insurance companies that bring value to clients through unique ownership, distinguished membership, and financial strength. Sammons Securities Company, LLC custodies securities and clears through First Clearing Corporation, a wholly owned subsidiary of Wachovia Bank, one of the strongest banks in America.

Sammons Securities Company, LLC, member NASD and SIPC, is headquartered at 4261 Park Road, Ann Arbor, Michigan 48103. Please note the instructions for making a deposit at the end of this article.


Unique Ownership

Unlike most financial companies, the Sammons Financial Group is not publicly traded. Its parent company – Sammons Enterprises, Inc. of Dallas, Texas – owns a variety of diversified businesses in addition to financial companies and is one of the nation’s largest privately held companies. (Ranked No. 46 in the “Largest Private Companies” listing, published in the November 25, 2002 issue of Forbes Magazine.) In addition, the Sammons Financial Group will ultimately become fully employee-owned.

This ownership translates into two main benefits for you:

1) Stability: Because of its unique ownership, the Sammons Financial Group is not as susceptible to market fluctuations as are publicly traded companies.

2) Better Service: Whenever you talk to someone at the Sammons Financial Group, you will most likely be talking to an employee-shareholder. As shareholders, employees have a stake in the company’s success, and they take your business seriously.

Distinguished Membership

The Sammons Financial Group is comprised of a number of companies that maintain their own distinct marketing focus yet share experience and services for optimal efficiency, strength, and growth:

§ Midland National, based in Sioux Falls, SD – a life insurance company in business since 1906, dedicated to independent producers and those they serve.

§ Sammons Securities Company, LLC, based in Ann Arbor, Michigan – a broker/dealer that offers all of the products and capabilities reps need for their business, plus additional support and opportunities.

§ The Sammons Annuity Group, based in Des Moines, Iowa – which offers a full range of fixed and variable annuities and has been one of the nation’s largest writers of Equity Indexed Annuities. (The Sammons Annuity Group is a division of Midland National Life Insurance Company. Annuity products are offered by the individual insurance companies, either Midland National or North American Company, by name.)

§ North American Company, based in Chicago, Illinois – a life insurance company that provides mortality-based products through multiple distribution systems.

§ North American Company of New York – our New York-based life insurance company working through Managing General Agents and financial institutions.


The Sammons Financial Group is a strong organization that has grown significantly over the past several years:

§ In 1995, the Sammons Financial Group had $76 million of earnings and just under $3 billion in assets. In 2002, only seven years later, the group finished with $172 million in earnings and nearly $15 billion in assets.

§ In 1995, the Group’s life insurance in force was at $62 billion. In 2002 the Group’s life insurance in force grew to over $211 billion representing nearly 1.2 million policyholders.

The Sammons Financial Group is not the biggest, but it is stable and strong, and it is one of the only financial groups in the process of becoming fully employee-owned.


First Clearing, LLC started in 1934—the year J. C. Wheat & Co. opened its doors in Richmond, Virginia. Today, First Clearing is a wholly owned subsidiary of Wachovia Corporation, the fourth largest bank holding company in America. It clears for its affiliate, Wachovia Securities, one of the country’s most respected full-service investment firms—and more than 60 local and regional securities firms throughout the United States. First Clearing, LLC is a member of the New York Stock Exchange, NASDAQ, and other major exchanges.

First Clearing, LLC is headquartered at Riverfront Plaza, WF2090, 901 E. Byrd Street, 4th Floor, Richmond, VA 23219. Click here to view First Clearing’s Statement of Financial Condition.

Account Protection

First Clearing, LLC provides securities in your account with up to $500,000 in account protection (cash up to $100,000) through the Securities Investor Protection Corporation (SIPC). Additional protection is provided at no cost, for the remaining net equity balance, if any, of the cash and securities in your accounts. This coverage does not protect against losses from any change in the market values of investments.


Making deposits in your Sammons brokerage account

Please make your check payable to Sammons Securities and include your account number in the remarks section of your check. Please mail to BD Ops, Sammons Securities, 4261 Park Road, Ann Arbor, MI 48103.



Flag carried by the 3rd Maryland Regiment at the Battle of Cowpens, S. Carolina, 1781

© William Fox. Securities offered through Sammons Securities Co. LLC, Member NASD and SIPC. Investment advisory services offered through Sigma Planning Corporation, a registered investment advisor. Views and opinions expressed are not necessarily those of Sammons Securities or Sigma Planning Corporation. Sometimes William Fox offers viewpoints that are not necessarily his own to provide additional perspectives.. This web site is intended for informational purposes only and has no regard for the particular financial circumstances, requirements, or investment objectives of any visitor. It is not intended to be a solicitation or recommendation to buy or sell securities in the absence of specific knowledge regarding the financial situation and suitability needs of a reader. The information has been obtained from sources believed to be reliable but whose accuracy can not be guaranteed. Past performance is no guarantee of future results. There can be no guarantee that the market will perform according to the author's opinion or that his investment ideas will be effective under all market conditions. Opinions can change without notice, and there is no obligation to keep information on this web site updated or current. Visitors should not consider information in this site as a substitutie for their own judgement. William Fox may have interests in any securities mentioned at this web site. He is not responsible for any loss or damages resulting from use of this web site material. Please refer to a qualitified and licensed investment consultant before making any investment decisions.