Securities America has had a deferred compensation program for more than 20 years and has no intention to close it. The plan was frozen in 2009 due to cost and lack of demand. To assist advisors who need to facilitate movement of assets from their current plan, Securities America will reopen our deferred compensation plan for advisors coming out of an existing deferred compensation plan. This allows advisors to manage the tax implications of distributions from their current deferred compensation plan.
For more information on managing deferred compensation, please contact the Securities America regional director for your state.