Company Information

Who is National Financial Network, LLC?

National Financial Network (NFN) is a financial services firm that has over 55 years of experience helping high net worth individuals and business owners with all aspects of financial planning. We employ over 90 Advisors and staff and have offices in Manhattan and Garden City, Long Island.

Though NFN has the ability to use virtually any investment or insurance product that is available in the marketplace today, we are a general agency of The Guardian Life Insurance Company of America. It is one of the largest mutual insurance companies in the United States and has received exemplary ratings from the major ratings services. To learn more about Guardian’s financial strength, click here.

Who is Park Avenue Securities?

Park Avenue Securities (PAS) is our Broker/Dealer, and enables us to provide our clients with full service brokerage and investment advisory products and services. PAS has over 3,000 Registered Representatives nationwide and gives NFN access to widely known mutual funds and annuities like those offered by Fidelity, Vanguard, American Funds, Oppenheimer, Pimco, John Hancock, and hundreds more. We also have the ability to purchase stocks, bonds, ETF’s, closed end funds and CD’s through PAS.

PAS is a member of FINRA, NYSE and SIPC, and must adhere to the rules and requirements of these regulatory bodies. PAS is audited by FINRA on a regular basis. All offices of PAS are audited no less than annually.

Where is my money held?

All broker/dealers have a “clearing firm”. The clearing firm actually “holds” clients' accounts and performs essential functions for financial companies and their clients.  Park Avenue Securities clears through Pershing LLC.  Pershing is a subsidiary of The Bank of New York Mellon and is one of the largest providers of brokerage services, with over $1.5 trillion in global client assets (as of 6/30/16). To learn more about Pershing click here.

How is my money protected?

All securities are protected up to $500,000 by the Securities Investor Protection Corporation (SIPC). This includes cash balances awaiting reinvestment of up to $250,000. SIPC was created in 1970 to protect customers of member broker/dealer firms in case of liquidation. For more details on SIPC, please see www.sipc.org.

In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market.  The excess of SIPC insurance program is valid through February 10, 2017 for Pershing LLC accounts.  It provides the following protection for Pershing LLC's global client assets:

An aggregate loss limit of $1 billion for eligible securities-over all client accounts.

A per-client loss limit of $1.9 million for cash awaiting reinvestment-within the aggregate loss limit of $1 billion.

SIPC and the excess of SIPC insurance policy do not protect against loss due to market fluctuation.

Why are there so many companies to deal with?

At NFN we put our clients’ interests first. Our structure enables us to use virtually any publicly traded investment product, or insurance product, allowing us to create a financial plan that consists of the “best of the best” offerings. Since we are not obligated to use any one company’s products over another, our clients’ needs come first.

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Award winning year for Financial Advisor
Robert C. Votruba CFS, MBA, Ph.D.

It is my pleasure to share the news of another award-winning year for your Financial Advisor, Dr. Robert Votruba. In 2019 Robert was recognized with the following achievements…

  • For the third consecutive year, Park Avenue Securities named Robert as their top Investment Advisor and Registered Representative; their highest honor. Over 2,500 Representatives compete for this national award.
  • In addition to national recognition, Robert also received National Financial Network’s Wealth Management Leadership Award, our highest local honor, for the 12th consecutive year.
  • Dr. Votruba earned the National Financial Network Leadership Award and was promoted to Executive Vice President.

Dr. Votruba is entering his 26th year in the financial services field. His academic background combined with his industry experience and award-winning performance make him one of the most talented Advisors in the industry. I know that Robert finds it a privilege and honor to serve you and hope that you find comfort in knowing that your Financial Advisor is among the finest in the industry.