Independent broker-dealer Securities America (SAI) lands an Alabama-based team as a result of technology, support and service provided to its advisors. Stephen and Kristi Trowbridge of Trowbridge Wealth Management, previously with Sterne, Agee & Leach, Inc., generate about $650,000 in annual revenue from $50 million in client assets under management.
“We started the search in January, and after months of due diligence, we chose Securities America for their vast resources,” Stephen Trowbridge said. “Their technology, support and service will help us better serve our clients and also help us grow our business. We feel very confident in our decision and have been successful in moving 100 percent of our clients and are already seeing new referrals.”
SAI also has a wide range of products available to their advisors, including alternative investments such as non-traded REITs. Plus, through a joint venture with NorthStar Financial Services Group, LLC, SAI offers the option of working as a registered investment advisor under Arbor Point Advisors.
The hybrid option has been a lure in recent months as the IBD has been able to recruit many advisor teams managing collectively over $200 million in assets.
“We have built a model that allows advisors to keep clients their top priority while they grow their practice,” said Gregg Johnson, senior vice president of branch office development and acquisitions. “Securities America and our parent company Ladenburg Thalmann know advisors look for our stability and support in making the important decision to move their business.”