Santander Securities

Registered investment adviser · Boston, MA · CRD #41791

Form ADV data as of 2026-09-01

Regulatory assets

$3.14 billion

Total accounts

11,152

Employees

449

Disclosure events

Firm details

Website: https://www.santanderbank.com/personal/investing
Telephone: 866-736-6475
SEC file number: 801-56796
Most recent Form ADV filing: 2026-07-01
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 11 disclosure questions answered Yes, covering 24 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Charged with a felony (past 10 years)
SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$3.14 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$3.14 billion
Discretionary accounts	11,152
Non-discretionary accounts	0
Total accounts	11,152
Regulatory assets under management attributable to non-U.S. persons	$23.9 million

People

Total employees (excluding clerical)	449
Employees performing investment advisory functions (including research)	108
Employees who are registered representatives of a broker-dealer	376
Employees registered as investment adviser representatives with a state	107
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	94
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under management

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers)Other

Other business activities

Broker-dealer (registered or unregistered)Insurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Banking or thrift institutionInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	10,832	$2.85 billion
Charitable organizations	2	$1.0 million
Corporations or other businesses not listed above	41	$42.4 million
Other	249	$245.5 million