Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF), has added Futurity First Insurance Group, an independent insurance distribution organization that specializes in retirement income and insurance protection with $222 million in client assets.
Futurity First utilized several broker-dealers prior to its decision to consolidate its BD relationship with Securities America, including Mutual of Omaha Investors, ProEquities, AXA and Cambridge.
Futurity First serves the needs of seniors, pre-retirees, families and businesses through a national network of agents and advisors. The firm has completed the transition of 20 advisors to Securities America’s platform and expects to complete the full transition over the coming months.
Founded in 2008, Futurity First is headquartered in Middletown, Connecticut, and has branch offices across the country. In addition to retirement and income planning, the firm offers life insurance, Medicare, disability, long-term care, and property and casualty, as well as voluntary worksite benefits.
“Our decision to partner with Securities America started with their excellent service, technology and relationships,” said John Haver, chief distribution officer of Futurity First. “We needed a good partner for our advisors that offered a suite of products to solve their clients’ needs, and we are confident we have found that partner in Securities America.”
While insurance is the cornerstone of Futurity First’s business, the firm said that it views further expansion into advisory activities as a key growth opportunity in the coming years.
Securities America is one of the nation’s largest independent advisory and brokerage firms, with more than 2,500 independent advisors and $86 billion in client assets as of December 31, 2017.