Securities America Adds $1.35 Billion Group from LPL

Securities America, the independent broker-dealer subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), announced that super office of supervisory jurisdiction Priority Financial Group has joined its hybrid RIA platform.

Priority Financial oversees $1.35 billion of client brokerage and advisory assets and was previously affiliated with LPL Financial. The Arizona-based firm serves 27 advisors working with 13 credit unions in Texas, Arizona and California

“We had a specific set of criteria in mind as we looked at potential broker-dealers to partner with,” said Priority Financial chief executive officer Mike Prior. “Securities America stood out because they’re financial institution-friendly, large OSJ-friendly and hybrid RIA-friendly. Those three things lined up to make Securities America the perfect partner for us.”

Securities America’s Financial Institutions Division works with more than 125 credit unions and banks nationwide, servicing more than $4.2 billion in total AUM.

Priority Financial Group provides financial advisors the choice of being either independent or associated with one of its financial institution partners, or both. PFG Advisors is the firm’s hybrid registered investment advisor and Credit Union Financial Network is a collaboratively owned insurance agency.

Securities America is one of the nation’s largest independent broker-dealers with more than 2,200 independent advisors and nearly $72 billion in client assets.

Click here to visit The DI Wire directory page.