FORM CRS Relationship Summary
Riedl First Securities Company of Kansas is registered with the Securities & Exchange Commission as a broker-dealer and provides brokerage accounts and services rather than advisory accounts and services. This document gives you a summary of the types of services we provide and the fees associated with our services to help you understand the differences.
There are free and simple tools available to retail investors to research firms and financial professionals at www.investor.gov/crs, which provides informational material about Broker Dealers, Investment Advisors and investors.
What Investment services and advice can you provide me?
Riedl First Securities offers brokerage services to retail and institutional investors. As a full-service brokerage firm, we offer Investment, IRA, DVP, Custodial and Margin accounts. Investments include stocks, bonds, mutual funds, closed end funds, ETFs, UITs, CMOs, CDs, REITs, Retail notes and Long-Term Care policies.
We periodically review client accounts for possible recommendations on purchases or sales. This voluntary review is not considered to be “account monitoring,” nor would it in itself create an implied agreement with the retail customer to monitor the customer’s account. Account recommendations include recommendations of securities, account types (e.g., to open an IRA or other brokerage accounts), as well as recommendations to roll over or transfer assets from one type of account to another (e.g., a workplace retirement plan account to an IRA).
Riedl First Securities does not accept discretionary accounts. Nor do we offer proprietary products.
Any product minimums will be based on the type of investment.
Ask our financial professionals about your investment options.
➢ Given my financial situation, should I choose an Investment Advisory service? Why or why not?
➢ Should I choose a brokerage service? Should I choose both types of services? Why or why not?
➢ How will you choose investments to recommend to me?
➢ What is your relevant experience, including your licenses, education and other qualifications?
➢ What do these qualifications mean?
What fees will I pay?
Current fees include $35 annual fee for retirement accounts if under $150,000.
On all other accounts there is a $50 annual fee if under $100,000. These accounts can be combined to achieve the minimum amount to avoid this charge.
Transaction based fees include a discounted rolling scale for stock transactions based on number of shares and the price per share. Fixed income transactions are based on markup or mark down as per FINRA guidelines.
Fees on Mutual Funds are determined by the fund itself with various breakpoint discounts available.
A complete list of other fees and costs that may be charged by our clearing firm, RBC, is available for review at: www.rfirst.net or by calling (800) 365-9341 to request a copy.
Ask our financial professionals about the impact of fees and costs on investments.
➢ Help me understand how these fees and costs might affect my investments, if I give you $10,000 to invest, how much will go to fees and costs and how much will be invested for me?
What are your legal obligations to me when providing recommendations?
How else does your firm make money and what conflicts of interest do you have?
When any financial professional at Riedl First Securities provides you with a recommendation, we are obligated to act in your best interest, always putting your interests ahead of ours by providing material facts and full and fair disclosure.
We receive compensation from third parties when we recommend a purchase or sale of certain mutual funds which are determined by the fund.
Principal trading is investments we buy from a retail investor, and/or investments we sell to a retail investor for or from our accounts.
Ask our financial professionals about conflicts of interest.
➢ How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial professionals are salaried and are compensated based on the product sales commissions including mark ups and mark downs.
Do you or your financial professionals have legal or disciplinary history?
We have one legal event. For full details please visit brokercheck.finra.org
Visit www.investor.gov/CRS for free and simple search tool to research your financial professionals.
Ask our financial professionals about their disciplinary history.
➢ As a financial professional, do you have any disciplinary history?
➢ For what type of conduct?
Please visit our website www.rfirst.net for complete details about our brokerage services. You may request a copy of the relationship summary and obtain up-to-date information by calling (316) 265-9341 or (800) 365-9341.
Ask our financial professionals to discuss contacts and complaints.
➢ Who is my primary contact person?
➢ Who can I talk to if I have concerns about how this person is treating me?