Zions Securities Corporation was organized by The Church of Jesus Christ of Latter-day Saints and provides property development and management services. The company provides commercial and residential leasing of real estate, development, construction and management of parking lots and land management and development. The company is a subsidiary of Deseret Management Corporation, a holding company that is affiliated with The Church of Jesus Christ of Latter-day Saints. Deseret Management Corporation oversees the commercial companies that are affiliated with the Church of Jesus Christ of Latter-day Saints, including Beneficial Financial Group, Bonneville International Corporation, Deseret Book Company, Deseret Morning News, Hawaii Reserves, Temple Square Hospitality Corporation and Zions Securities Corporation. Zions Securities Corporation and Deseret Management Corporation are headquartered in Salt Lake City.