Securities America Adds Three Groups with $700 Million in Client Assets
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services (NYSE American: LTS), have added two large independent financial services firms and a Super OSJ to its platform.
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services (NYSE American: LTS), have added two large independent financial services firms and a Super OSJ to its platform. The three groups include the Vizionary Wealth Management, Gandet Group, and One-Point-Of-Care (OPOC.us).
Vizionary joins Securities America from LPL Financial. Gandet Group was previously affiliated with National Planning Corporation, and OPOC.us was affiliated with Invest Financial Corporation, both subsidiaries of National Planning Holdings.
LPL recently completed the purchase of NPH and the three firms would have defaulted to the combined platform, but opted to affiliate with Securities America instead.
Vizionary Wealth Management specializes in serving professionals in the biotechnology, pharmaceuticals, medical devices and life sciences fields. Wayne Wagner, Jr. serves as its president. The Wilmington, Delaware-based firm has $177 million in client assets and will be part of WealthPLAN Partners, a Super OSJ based out of Omaha, Nebraska.
The Gandet Group is a Super OSJ with total client assets of more than $220 million and 10 affiliated independent advisors located in the northeastern U.S. The group is led by Michael Gandet of Manahawkin, New Jersey and focuses on retirement and retirement income distribution.
OPOC.us serves corporate- and association-sponsored retirement plans and retirement plan focused advisors. The firm has approximately $319 million in client assets. Based in Worthington, Ohio, the group is led by Aron Sommer and includes nine employee advisors.
“That three such distinct groups decided to join Securities America demonstrates the strength of our platform and our success in helping independent financial advisors achieve their growth goals,” said Johnson.
Securities America is one of the nation’s largest independent advisory and brokerage firms with more than 2,200 independent advisors and nearly $72 billion in client assets.
