Woodstock Holdings Profile
Woodstock Holdings, Inc. through its wholly-owned subsidiary, Woodstock Financial Group, Inc. (WFG), operates as a full service securities brokerage and investment banking company in the United States.
The company is registered as a broker-dealer with the Financial Industry Regulatory Authority (FINRA) in 50 states, Puerto Rico, Washington D.C., U.S. Virgin Islands, and also as a municipal securities dealer with the Municipal Securities Regulation Board. The company is also Securities and Exchange Commission (SEC) registered investment advisor and maintains advisory accounts through Fidelity Registered Investment Advisor Group, (FRIAG), an arm of Fidelity Investments and IMG (Investment Management Group, a division of Southwest Securities, Inc.
Securities Sales Services
WFG provides securities sales services through a network of ‘independent contractor’ registered representatives to retail clients. These representatives primarily sell stocks, mutual funds, bonds, variable annuities and variable life insurance products, managed account and other investment advisory and financial planning products and services.
Insurance Product Sales
Through selling agreements with larger insurance companies, WFG offers various insurance products, which are sold by its independent broker network. Variable annuity and variable life products from various carriers are also offered, providing a variety for consumers from which to choose.
Advisory and Planning
WFG is also registered as an investment advisor with the SEC and provides investment supervisory services. In addition, its independent representatives provides planning and consulting services in various financial services areas such as financial planning, tax planning, benefits consulting, corporate 401(k)s and other types of financial structures.
Regulation
The company has been registered as a SEC reporting company. WFG’s advisory business is subject to regulation by the SEC and its insurance business is regulated by the state. Much of the regulation of broker-dealers has been delegated to self-regulatory organizations, principally FINRA, which has been designated by the SEC as WFG’s primary regulator.
History
Woodstock Holdings, Inc. was founded in 1995. The company was formerly known as Woodstock Financial Group, Inc. and changed its name to Woodstock Holdings, Inc. in 2010.
