Securities America Adds Two Super OSJs with $3.5 Billion in Total Client Assets
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has added two Super OSJs with $3.5 billion in total client assets to its independent advisory and brokerage platform.
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has added two Super OSJs with $3.5 billion in total client assets to its independent advisory and brokerage platform.
One group is a consortium of 35 independent financial advisors based on the east coast with $2 billion in client assets. Mike Rees of Bay View Advisory Capital Group, based in St. Petersburg, Florida, serves as the group’s OSJ.
While the other group does not have an official name, it is referred to as the Wille-Cope/Stirk Group by Securities America for co-managers Brenda Wille-Cope and Gary Stirk.
The $1.5 billion Wille-Cope/Stirk Group group has more than 30 advisors in Colorado, Arizona, Washington, and New York. Stirk serves as the group’s registered principal and manages the New York branch, and Wille-Cope oversees the other three branches. Wille-Cope is managing partner of First Financial Strategies in Denver.
Both groups joined Securities America from the National Planning Holdings network, which LPL purchased last summer for $325 million plus a contingent payment of up to $123 million depending on how many NPH advisors join its platform. The Rees group previously affiliated with NPH subsidiary National Planning Corp, and the Wille-Cope/Stirk Group with Invest Financial.
“Not every broker-dealer can provide the type of onboarding these large groups require,” said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions. “We’re experienced at welcoming large groups of independent advisors, especially highly independent ones.”
In other Securities America news, the firm recently transitioned 14 independent financial advisory groups with more than $2 billion in client assets and 50 financial advisors.
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. Advisory services are offered through Securities America Advisors.
