Securities America, a subsidiary of Ladenburg Thalmann, recently announced its completion in acquiring the assets of full-service broker-dealer, Sunset Financial Services, Inc.
“Our technology, advisory, practice management solutions and retirement income distribution programs have been well received by the advisors from Sunset Financial Services,” said Jim Nagengast, chief executive officer and president of Securities America.
As a result of the acquisition, Securities America has added approximately 205 registered representatives and $2.5 billion in client assets from Sunset Financial Services. The new advisors will report to KCL Services Company, which operates as an OSJ branch of Securities America.
“We look forward to helping them become even more familiar with our offerings as they grow their practices,” Nagengast added.
Following the acquisition, Sunset Financial Services will continue to work with Kansas City Life through promoting the company’s insurance offerings.
With over 1,800 independent advisors and $50 billion in client assets, Securities America has continued steadily increasing its number of advisors over the years.
Earlier in 2014, the independent broker-dealer added 60 advisors and $950 million in client assets from Dalton Strategic Investment Services. From 2012 to 2013, 150 advisors joined Securities America from Eagle One Investments and Investors Security Company Inc.