Securities America, a wealth management firm within the Advisor Group network, has recruited independent financial advisors Robert “Bob” Batick and Norman “Todd” Coates who collectively oversee $376 million in total client assets. Coates was previously affiliated with LPL Financial, while Batick was affiliated with Westport Capital Markets.
Batick, based in Guilford, Connecticut has $224 million in total client assets and specializes in supporting and advising corporate retirement plans. Coates, of Tyler, Texas has $152 million in total client assets and provides a mix of services for his clients through a hybrid advisory model. Coates and Batick joined two of Securities America’s largest super-OSJs, Navigation Financial Group and Patriot Financial Group, respectively.
Through July 9th, Advisor Group brought $7.8 billion in assets under administration to its platform, versus $5.7 billion for the same period in 2020, a year-over-year increase of approximately 37 percent.
It also brought in $2.9 billion in assets under management, versus $1.8 billion in the prior year period, a year-over-year increase of 61 percent. The firm recruited 268 financial advisors, versus 251 for the same period last year, a year-over-year increase of 7 percent.
Securities America supports approximately 3,200 independent financial advisors.
Advisor Group serves approximately 10,100 financial advisors who oversee more than $475 billion in client assets. In addition to Securities America, Advisor Group also includes FSC Securities, Royal Alliance Associates, SagePoint Financial, Triad Advisors and Woodbury Financial Services.