Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has recruited three advisory practices with client assets totaling approximately $245 million.
The practices include Miller & Hurt Wealth Advisors, a two-advisor practice in Rockledge, Florida with total client assets of $110 million; Hill & Associates, a three-advisor practice based in Lincoln, Nebraska with total client assets of $82 million; and Duprez Financial, a two-advisor practice in Myrtle Beach, South Carolina with total client assets of $53 million.
All three firms were previously affiliated with Questar whose parent company, Allianz, agreed to transition Questar’s advisors to Woodbury Financial Services last October. Woodbury is an independent wealth management firm within the Advisor Group network.
“Helping strong independent advisory practices flourish is the lifeblood of our business,” said Gregg Johnson, Securities America’s executive vice president of branch office development and acquisitions. “The advisors we serve are an indispensable part of the tight-knit culture we have created at Securities America. In the end, people are what make any organization great, and we look forward to collaborating with these three firms in their future development and growth.”
Securities America is one of the nation’s largest independent advisory and brokerage firms, with more than 2,600 independent advisors and more than $94 billion in client assets as of March 31, 2019.