Securities America Recruits Former NPH Wealth Management Firm
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), has recruited Morrison, Nordmann & Associates, an independent wealth management firm with $120 million in total client assets.
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), has recruited Morrison, Nordmann & Associates, an independent wealth management firm with $120 million in total client assets.
East Lansing, Michigan-based Morrison, Nordmann & Associates, was founded in 2001 and includes partners Scott Morrison and Matthew Nordmann, fellow advisor Michael Nordmann, and two support staff. The advisors offer financial planning, benefits planning, insurance and investment services.
The group moved its affiliation from INVEST Financial Corporation, a subsidiary of National Planning Holdings, which was purchased by LPL Financial for an initial price of $325 million.
“Scott, Matt and their team are passionate about providing exceptional service to their clients, and we’re proud to partner with them,” said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions. “We can provide them the support they need to continue their growth, streamline their systems, and strengthen their technology.”
Securities America is one of the nation’s largest independent advisory and brokerage firms with more than 2,500 independent advisors and $92 billion in client assets.
