Tom Prescott

Mr. Thomas C.
Prescott, Jr., is Founder & Managing Member at Advisory Services Network LLC.
He has over 34 years of Financial Services Industry and consulting experience to the firm.
Prior to co-founding Advisory Services Network in 2009, Mr. Prescott began his career in the Financial Services Industry in 1980 with Lehman Brothers Kuhn Loeb, Inc. He underwent extensive training in various areas within the firm including operations, compliance, trading desk, as well as institutional and high net worth sales.
In 1986,he returned to the institutional side of the business, working for Interstate Securities on the institutional fixed income desk.
While at Interstate, his customer base included banks both portfolio and trust departments, money managers, hedge funds, pension funds, mutual funds, and broker/dealers.
As a result of his experience within the industry, he recognized a need for a consulting firm to assist financial institutions with sales and internal growth, operational problems, clearance issues, compliance, and regulatory concerns.
In 1987, He formed Prescott & Associates to provide comprehensive consulting services to broker/dealers, investment advisers, banks, money managers, pension plans, corporations, and securities attorneys.
Subsequently, Prescott & Associates merged with another consulting firm to create Mainstay Capital Markets Consultants, Inc. He continues his consulting practice with Mainstay and provides services to both domestic and foreign clients including: retail and institutional broker/dealers, investment advisors, investment companies, mutual fund complexes, insurance companies, banks, thrifts, and hedge funds.
Additionally, he has participated in overseas capital markets projects sponsored by USAID.
He received his BA from Oglethorpe University.