Home News Invest Financial Recruits Three Financial Institutions with $5.5 Billion in AUM

Invest Financial Recruits Three Financial Institutions with $5.5 Billion in AUM

INVEST Financial Corporation, a member of National Planning Holdings, one of the nation’s largest independent broker-dealer networks, added three new financial institutions to its stable of financial advisors. The new offices include: Citizens Bank & Trust located in Guntersville, Alabama, Security Bank of Kansas City, and WaterStone Bank based in Wauwatosa, Wisconsin. Combined, the offices bring more than $5.5 billion in total assets.

“As our industry continues to evolve and adjust to the new regulatory standards, INVEST is proud to build upon our rich history of serving financial institutions,” said Steve Dowden, president and CEO. “The addition of Citizens, Security Bank and WaterStone showcase our commitment to the nation’s financial institutions and our ability to help them better serve their clients.”

“We are seeing financial institutions searching for a broker-dealer who can provide the tools, support and strategy to help their advisors continue to succeed while preparing them for the regulatory environment ahead,” said Troy Tannenholz, vice president of new business development-financial institutions for INVEST. “Our model of providing more personal attention is resonating with offices like our three recent partners, especially firms who are considering a broker-dealer dissolution like

Security Bank of Kansas City is dissolving its broker-dealer practice to move to INVEST as a super office of supervisory jurisdiction.

INVEST says that it has increased their home office employee headcount over the last two years by focusing on strategic growth and technology support, training opportunities and a systematic transition flow process.

Collectively, the NPH broker-dealer network has 3,307 registered representatives.

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