This Customer Relationship Summary (or Form CRS) and Regulation Best Interest resource page is intended to help Securian Financial Services, Inc. (Securian) customers and prospects navigate information regarding Securian's products, fees and conflicts of interest when providing the public with brokerage and investment advisory services. Securian is a dually registered broker dealer and investment adviser. To learn about Securian and the products and services Securian provides, please start with the Form CRS document below and reference the additional linked resource materials. These materials are posted in accordance with Regulation Best Interest, which is effective June 30, 2020.

Customer disclosures

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Form CRS is presented to prospects or customers when a securities recommendation is made by one of Securian’s financial professionals. This document describes Securian's products and services, fees, conflicts of interest, and other important information relating to brokerage and investment advisory products and services.

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The Regulation Best Interest disclosure (Reg BI disclosure) provides more in-depth information about Securian's brokerage and investment advisory services, products, fees and conflicts of interest. The Reg Bl disclosure provides further detail about topics covered in Form CRS, so for topics of interest in Form CRS, refer to the Reg BI disclosure to learn more.

Security products and fees

Investments and fees by product type

This section provides descriptions of the various types of security products and services Securian makes available for investment to the public. Included in the description is an explanation of how the associated fees apply when investing in these securities in a brokerage account. Please see the investment advisory brochures below for a further explanation of how fees are charged in an investment advisory account.

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The Client Commission and Fee Schedule lists the fees and commissions charged in brokerage accounts with Pershing, LLC, Securian's clearing broker dealer. Many of Securian's investment advisory programs providing asset management services use Pershing brokerage accounts as the underlying investment vehicle. While commissions and transaction charges do not apply to investment advisory wrap fee programs, some of the account maintenance and other fees do apply. See the applicable investment advisory wrap fee program brochures below for more information regarding fees charged in those programs.

Relationships with financial service companies

Securian Strategic Partners Program

The Securian strategic partner web page provides information regarding Securian's relationships with certain affiliated and unaffiliated companies. The page includes information about marketing support payments provided to Securian by these companies, as well as non-cash benefits that Securian and strategic partner companies provide to Securian's financial professionals. These payments and incentives are a conflict of interest for Securian and Securian’s financial professionals.