SSN Reaches Record Revenue of $100 Million

KNOXVILLE, Tenn., Nov. 26, 2013 /PRNewswire/ -- Securities Service Network, Inc. reported record revenue of $100 million, its highest revenue levels since the company's founding in 1983. This is an increase of 17% over the same period last year, primarily due to advisor acquisition and increased sales by its affiliated advisors.

SSN, which generated $98.9 million in revenue in 2012, expects to end the fiscal year 2013 at approximately $112 million.

"SSN has had a successful 2013 and we are pleased with the progress that has been made on several fronts. During the year, we delivered record revenue and sales despite the challenges that the financial industry continues to face. We celebrated our 30th anniversary. We launched a redesigned advisor portal that truly integrates the latest technology into the advisor's office creating better efficiencies. There is good momentum within our business and we are well positioned as we move into 2014," said Wade Wilkinson, SSN's president and chief executive officer.

Securities Service Network, founded in 1983, is a locally owned and operated independent broker dealer, headquartered in Knoxville, Tennessee. SSN currently has more than 500 affiliated financial professionals nationwide. SSN was recently recognized as one of the top independent broker dealers in REP. magazine's annual IBD Report Card Survey and is a member of the INC. 500 magazine's Hall of Fame having been listed 8 times. SSN has consistently ranked as one of the Friendliest Broker Dealer to RIAs by Investment Advisor magazine. Through its subsidiaries, SSN also offers investment management, advice, financial planning and insurance services.  For more information on SSN, please visit www.joinssn.com.

For questions and additional information, please contact Heather Mazzouccolo, Securities Service Network, Inc. marketing manager, at (865) 777-4677, ext. 274 or [email protected].

SOURCE Securities Service Network, Inc. (SSN)