Securities America Hires Former LPL Exec to Head Financial Institutions Division

Securities America, an independent advisory and brokerage subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has hired former LPL senior executive Jim Norwood to the newly-created role of president of Securities America’s Financial Institutions Division.

Norwood has spent the bulk of his 30-year career working with banks and credit unions in an executive leadership capacity and played a critical role in building a significant financial institutions division at LPL. Most recently, he held the president’s chair at Priority Financial Group, an independent Super-OSJ with $1.35 billion in client assets that focuses on supporting the wealth management programs of credit unions across the country. Priority Financial, previously affiliated with LPL, joined Securities America’s independent brokerage and advisory platform in October.

“This position reflects our commitment to the bank and credit union space,” said Gregg Johnson, executive vice president of branch office development and acquisitions at Securities America. “There’s no one better for the position than Jim Norwood. He’s well known and highly respected. He brings nearly three decades of effective leadership in the financial services industry.”

Securities America, which has more than 2,200 independent advisors and nearly $72 billion in client assets, currently serves 139 financial institutions, encompassing banks and credit unions across the country.

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