Ladenburg’s Securities Service Network Recruits Five NPH Firms
Securities Service Network LLC, an independent advisory and brokerage firm, has recruited five independent financial advisory practices with a total of 16 independent advisors and approximately $441 million in total advisory and brokerage client assets under management.
Securities Service Network LLC, an independent advisory and brokerage firm, has recruited five independent financial advisory practices with a total of 16 independent advisors and approximately $441 million in total advisory and brokerage client assets under management.
Securities Service Network is a wholly owned subsidiary of Ladenburg Thalmann Financial Services (NYSE: LTS). The newly recruited independent advisory practices were previously affiliated with National Planning Holdings, which LPL Financial purchased last summer.
The advisory firms include Valley Investment Solutions in Kaukauna, Wisconsin with $55 million in AUM; Insight Financial Services in Overland Park, Kansas with $180 million in AUM; Dercks, Engels & Lautenschlager Financial Services in Greenville, Wisconsin with $90 million in AUM; Summit Financial Group in Fort Wayne, Indiana with $11 million in AUM; and Brown & Associates Investment Services in Fayetteville, North Carolina with $105 million in AUM.
Securities Service Network also noted that it will focus on serving advisors with tax expertise.
“Given the changes to our industry landscape brought on by both the fiduciary era and recent reforms to the tax code, we believe SSN has a unique opportunity to advance a longstanding core strength of supporting tax-savvy financial planners,” said Wade Wilkinson, president and CEO of SSN.
He added, “With over 20 percent of our advisor community already working as credentialed or practicing tax advisors, we believe there is a significant opening to drive long-term growth in further developing our ability to serve and recruit advisors that embrace holistic client financial planning strategies.”
Securities Service Network was founded in 1983 as one of the nation’s first fee-based firms in the independent retail financial advice space. The firm supports more than 400 independent financial advisory practices and approximately $13 billion in advisory and brokerage client assets.
