KMS Financial Services Recruits Former NPH Firm with $330 Million in Client Assets

KMS Financial Services Inc., an independent advisory and brokerage subsidiary of Ladenburg Thalmann Financial Services (NYSE: LTS), has recruited Hansen Wealth Management to the firm’s broker-dealer and RIA platforms.

Headquartered in San Jose, California and led by firm president Blair Hansen, the Hansen Wealth Management team is comprised of three licensed professionals that provide financial advisory services to mass affluent and high net worth individuals and families, including retirement planning, asset management, and insurance and annuity services. The firm has more than $330 million in assets under management and offers fee-based and traditional brokerage service models.

Hansen Wealth Management was previously affiliated with National Planning Corporation, the largest broker-dealer in the National Planning Holdings network of firms, which was purchased by LPL Financial over the summer.

“After 35 years of serving clients as a financial advisor, I have a clear strategy for the growth of our business, and very clear criteria for what we seek in a broker-dealer partner…,” said Hansen. “KMS provided extremely robust support throughout our transition process to make it as seamless as possible, and we’re excited to begin a new chapter as part of the KMS community of advisors.”

Founded in 1971, KMS had 350 investment professionals overseeing $17.5 billion in client assets, as of October 2017.

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