Securities America Recruits $650 Million Super OSJ Hybrid from LPL Financial
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) has added Patriot Financial Group, an independent hybrid registered investment advisor and super office of supervisory jurisdiction with approximately $650 million in total client assets and 33 total financial advisors.
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has added Patriot Financial Group, an independent hybrid registered investment advisor and super office of supervisory jurisdiction with approximately $650 million in total client assets and 33 total financial advisors. The group was previously affiliated with LPL Financial.
Westborough, Massachusetts-based Patriot Financial Group, led by founder and chairman David O’Donnell and chief executive officer Michael Tashjian, specializes in wealth management, retirement planning, and insurance solutions and provides a mix of fee- and commission-based service.
Patriot Financial Group provides personal insurance planning and business protection that accounts for key person life insurance, disability, general liability and business continuity insurance. The group, which has a 10-member office staff, also provides advisor support services including succession planning, transition support and team coaching on the vision of the business as well as on individual goals and roles.
“We have taken a very intentional approach to building our firm and our business model,” said O’Donnell. “We’re a strictly independent and advisor-centric model. Our platform is based on team-building and supports our advisors; each advisor is independent; each firm is advisor-owned. But they have the support of a larger group of specialists to call on to strengthen their practices.”
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.
