KMS Financial Recruits Practice with $230 Million in Client Assets
KMS Financial Services Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Patrick Funke & Associates, an investment firm specializing in qualified retirement plans with $230 million in client assets.
KMS Financial Services Inc., a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited Patrick Funke & Associates, an investment firm specializing in qualified retirement plans with $230 million in client assets.
Based in Phoenix, Patrick Funke & Associates is led by Patrick Funke, a 29-year financial services industry veteran who serves as president of the firm. Funke works alongside his wife, Jennifer, who incorporates her background as an educator into her role as a licensed sales associate at the practice.
Prior to KMS, Funke spent 14 years affiliated with Geneos Wealth Management, according to his Brokercheck profile.
KMS has added a number of other practices to the platform since the beginning of the summer, all of which have combined assets under administration totaling just over $380 million, including Gottier Investments based in Windson, Connecticut with $116 million and Aeon Wealth Management in Sterling, Virginia with $139 million.
KMS Financial Services, an independent advisory and brokerage firm founded in 1971, had $16.4 billion in client assets and 366 investment professionals, as of December 31, 2018.
