About Us
MidAmerica Financial Services, Inc. is a full service introducing SEC registered broker/dealer. MidAmerica is member of FINRA, SIPC and MSRB. We are currently registered to do business in more than 30 states with offices in 15 states. As our name would suggest, our offices are concentrated in the Midwest but we do have locations on both the east and west coast.
MidAmerica started business in 2001 with the home office located in Joplin, Missouri. Shaun Young, the president of the firm was the Chief financial Officer at a prior firm and also has served as a financial consultant to four other SEC registered broker/dealers. Jeff Stinnett, the Vice-President and Chief Compliance Officer worked with Mr. Young as a Compliant Officer before the two started MidAmerica.
MidAmerica's products range from insured CD's and money market accounts to the obscure private placement. The majority of MidAmerica's business is individual mutual funds and equities. With Legent Clearing's policy through Lloyd's of London clients are provided additional account coverage up to $24.5 million (including up to $900,000 in cash) per client as defined by SIPC rules. With both SIPC and Lloyd's of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including up to $1 million for cash balances.
In 2006 Mr. Young and Mr. Stinnett formed Monticello Investment Services, Inc. to be able to offer fee based asset management to clients. Monticello, a registered investment advisor has selling agreements with several third-party money managers and financial planning as well as asset management.
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