FNC Securities
FNC Securities LLC is a FINRA-registered broker-dealer and clearinghouse that, since 1994, has facilitated securities transactions for regional agricultural cooperatives, LLCs, and LLPs across the United States, operating as a wholly-owned subsidiary of Farmers National Company.
- Company typePrivate
- Founded1994
- HeadquartersGrand Forks, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FNC Securities does
FNC Securities LLC is a FINRA- and SIPC-registered broker-dealer that has operated since 1994 as a clearinghouse for securities issued by regional agricultural cooperatives, limited liability companies, and limited liability partnerships in the United States. The firm provides hands-on assistance throughout the buy and sell process and charges a fee to the seller on each transaction, with specific fee terms disclosed only on individual company pages. It is a wholly-owned subsidiary of Farmers National Company, an employee-owned land management firm headquartered in Omaha, Nebraska; FNC Securities itself is headquartered in Grand Forks, North Dakota, and operates with 1-10 employees.
The business model is purely transactional: revenue is generated per trade rather than via subscriptions, asset management fees, or spreads, and the go-to-market is direct sales to a narrow vertical of regional ag issuers and their investor base. The company relies on the brand and distribution reach of its parent for warm pipeline access, and on its regulatory permissions (FINRA membership and SIPC coverage) as the primary barriers to competitive entry. There is no disclosed technology platform, mobile app, or AI/ML capability, and the digital presence is limited to a static informational website; operational resilience is addressed through a documented business continuity plan covering backup offices, off-site data, vendor failover, client notification, and personnel relocation.
FNC Securities firmographics
Firmographics- Name
- FNC Securities
- Legal name
- FNC Securities LLC
- Website
- https://fncagstock.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FNC Securities LLC is a FINRA-registered broker-dealer and clearinghouse that, since 1994, has facilitated securities transactions for regional agricultural cooperatives, LLCs, and LLPs across the United States, operating as a wholly-owned subsidiary of Farmers National Company.
- Ownership category
- akta.pro rank
FNC Securities industry classification
Industry- Product category
- Securities Brokerage
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Follow-on Offerings (FPOs) (FSACAAAB)
Keywords
Where FNC Securities is headquartered
LocationHeadquarters
- HQ city
- Grand Forks
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
FNC Securities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Transaction fees from sellers: FNC Securities charges the seller a fee for securities transactions. This is a transaction-based revenue model where the company earns fees per trade executed through their clearinghouse services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based fee model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
FNC Securities product offering
Product offeringCore offering
FNC Securities LLC is a FINRA- and SIPC-member broker-dealer that operates as a clearinghouse for buying and selling securities issued by regional agricultural cooperatives, LLC companies, and LLP entities. The firm provides hands-on assistance from start to finish on each transaction, charging the seller a fee per trade.
Product overview
FNC Securities LLC operates as a single, unified securities trading and clearinghouse service. The company serves as the exclusive clearinghouse for regional agricultural cooperatives, LLC companies, and LLP companies since 1994, offering securities trading services with hands-on assistance throughout the transaction process.
Differentiator
Problem solved
Functional benefit
Products and services
- FNC Securities Clearinghouse Service
Companies that use FNC Securities
Customer profileSegments3 records
Ideal customer profiles1 record
FNC Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FNC Securities partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
FNC Securities competitors and assessment
Company assessmentBroad incumbents
- Stifel Financial: Large diversified broker-dealer and wealth manager with a rural and agribusiness presence. Comparable in serving agricultural clients but with a vastly broader product set and national footprint.
- Edward Jones: National retail broker-dealer serving rural and agricultural communities. Comparable to FNC in the rural/agricultural investor segment, though operates at much larger scale and offers a broader product mix.
- Piper Sandler: Full-service investment bank with a dedicated agribusiness equity research and capital markets franchise. Overlaps with FNC in serving ag-related issuers, but operates at significantly larger scale and broader scope.
- Ameriprise Financial / Securities America: Large diversified financial services firm with a network of independent advisors serving rural and agricultural investors. Comparable to FNC in targeting the ag-investor segment, but at much larger scale and broader product set.
Direct peers
- Boenning & Scattergood: Privately held mid-Atlantic broker-dealer offering trading and clearing services. Comparable to FNC as a small, private broker-dealer operating in a regional niche rather than competing nationally.
- Hilltop Securities: Independent mid-sized broker-dealer offering securities trading, clearing, and public finance services. Comparable to FNC as a smaller, niche-focused broker-dealer serving targeted issuer and investor segments outside the bulge bracket.
- D.A. Davidson & Co. Employee-owned regional broker-dealer with deep agribusiness and rural banking relationships. Closely comparable to FNC in employee-ownership structure and its specialization in agricultural and regional issuer clients.
- Davenport & Company: Employee-owned regional broker-dealer providing clearing, trading, and wealth services. Comparable to FNC as a similarly sized private, employee-aligned broker-dealer focused on regional and institutional clients.
- Wedbush Securities: Independent regional broker-dealer offering clearing and execution services. Comparable to FNC as a similarly positioned private broker-dealer specializing in niche client relationships rather than scale-driven retail brokerage.
Emerging players
- CoBank: Farm Credit System bank serving ag cooperatives and rural infrastructure. Comparable to FNC because both serve agricultural cooperatives with financial services, though CoBank is a lending institution rather than a securities broker-dealer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
FNC Securities social profiles
Digital presenceFNC Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
FNC Securities leadership team
Management profileNumber of profiles
FNC Securities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FNC Securities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FNC Securities
What does FNC Securities do?
FNC Securities LLC is a FINRA- and SIPC-member broker-dealer that operates as a clearinghouse for buying and selling securities issued by regional agricultural cooperatives, LLC companies, and LLP entities. The firm provides hands-on assistance from start to finish on each transaction, charging the seller a fee per trade.
Is FNC Securities a public or private company?
FNC Securities is a private company. It is classified as corporate owned and is currently operating.
When was FNC Securities founded?
FNC Securities was founded in 1994. It employs 1 to 10 people.
Where is FNC Securities based?
FNC Securities is headquartered in Grand Forks, United States, in the North America region.
How does FNC Securities make money?
One revenue line is on record: transaction fees from sellers.
Who are FNC Securities's main competitors?
Broad incumbents on record are Stifel Financial, Edward Jones, Piper Sandler and Ameriprise Financial / Securities America. Direct peers are Boenning & Scattergood, Hilltop Securities, D.A. Davidson & Co., Davenport & Company and Wedbush Securities. CoBank is listed as an emerging player.
Does FNC Securities have an API?
No public API is recorded for FNC Securities.
What industry is FNC Securities in?
FNC Securities's product category is Securities Brokerage. Its primary akta.pro industry code is FSACAAAB, Follow-on Offerings (FPOs). Its NAICS code is 5231 and its SIC code is 6211.