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Securities America Recruits All-Female NPH Advisor Group With $446 Million In AUM

Securities America, the broker-dealer subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), has added Financial Focus to its independent advisory and brokerage platform.

Carlsbad, California-based Financial Focus is an independent hybrid registered investment adviser firm with $446 million in client advisory and brokerage assets and four advisors. The firm was previously affiliated with National Planning Corp, the largest firm within the National Planning Holdings network, which was recently acquired by LPL Financial.

Barbara Williams and Gloria Foote founded the firm in 1984 to support the financial planning needs of women clients across all ages, with more than 50 percent of the firm’s business driven by fee-based advisory services.

“We knew we wanted a partner that was friendly to independent RIAs,” said co-founder Williams. “That was an absolute. We wanted a firm that wasn’t too large and had an appreciation for the mission of supporting women clients across the country. Securities America is known for its support of true independence among advisors and respects our business model.”

The move follows three similar announcements in recent weeks of former NPH and LPL-affiliated groups joining Securities America ahead of the merger. These include Priority Financial Group with more than $1.3 billion in advisory and brokerage assets under management, Elite Financial Group with $750 million in AUM, and Professional Investors Network LLC with $1.7 billion in AUM.

“At Securities America we empower our women advisors through educational resources, conferences and networking events tailored just for them,” said Janine Wertheim, senior vice president and chief marketing officer for Securities America, and president of Securities America Advisors. “We also have one of the highest percentages of female licensed representatives in the country. Financial Focus will find a strong, supportive community of women advisors who really get what they do and why they do it.”

Securities America is one of the nation’s largest independent advisory and brokerage firm with more than 2,200 independent advisors and nearly $72 billion in client assets.

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