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Securities America Transitions 14 More Advisor Groups

Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Service (NYSE: LTS), has transitioned 14 independent financial advisory businesses and groups from across the country. The groups represent more than $2 billion in advisory and brokerage client assets and more than 50 financial advisors.

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Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Service (NYSE: LTS), has transitioned 14 independent financial advisory businesses and groups from across the country. The groups represent more than $2 billion in advisory and brokerage client assets and more than 50 financial advisors.

“More financial advisors are taking notice of what we have to offer,” said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions. “Our service offerings, welcoming culture, innovative resources and technology have provided quite a draw.”

The independent financial advisor businesses recently added to Securities America include:

  • US Advisory, Whitehouse Station, New Jersey, $192 million in client assets
  • Azevedo & Greulich group, Modesto, California, $128 million in client assets
  • Eagle Financial Counseling, Moscow, Idaho and Portland, Oregon, $151 million in client assets
  • Fenton Wangler Financial, Vancouver, Washington, $140 million in client assets
  • Oregon Wealth Management, West Lin, Oregon, $189 million in client assets
  • PA Wealth Management, Hershey, Pennsylvania, $164 million in client assets
  • Steve Cram group, Minneapolis, Minnesota, over $172 million in client assets
  • Anthony Gentilello group, Marlton, New Jersey, $118 million in client assets
  • Tom Brattain group, Portland, Oregon, $189 million in client assets
  • Larson Financial Services, Leawood, Kansas, $139 million in client assets
  • Storm Fischer Investment Group, Brookfield, Wisconsin, $157 million in client assets
  • St. Pedro & Associates, Royersford, Pennsylvania, $100 million in client assets

The 14 firms, which affiliated with Securities America in the fourth quarter of 2017, will use one of the firm’s various advisory, brokerage and hybrid RIA platforms. The new recruits were all previously affiliated with National Planning Holdings, except Larson Financial which joined from Summit Brokerage Services.

LPL Financial purchased NPH in August 2017 for an initial purchase price of $325 million. LPL will make a contingent payment between $0 and $123 million in the first half of 2018, based on the level of NPH’s business that onboards onto its platform.

This wave follows the transitions of former NPH and LPL-affiliated groups joining Securities America, including super OSJs Professional Investors Network, Elite Financial Network, Priority Financial Group, and independent hybrid RIA Financial Focus. The four groups collectively brought more than $4 billion in advisory and brokerage assets and more than 130 financial advisors.

Securities America is one of the largest firms in the independent retail financial advice space, with 2,200 financial advisors and $72 billion in total advisory and brokerage assets.

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