Missouri firm with $170 million in client assets joins Compass Financial Resources of Olathe, Kansas

Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA), is pleased to welcome Benson Financial Group of Hannibal, Missouri.

“We’re excited about partnering with such a great company,” said Benson Financial Group founder and financial advisor Pat Benson. “It felt like family the way we were treated. We were very impressed with every aspect of the business.”

The eight producers and three staff members of Benson Financial Group have $170 million in client assets. They will join Compass Financial Resources, an Olathe, Kansas-based branch led by President Russ Lane. Lane and his firm’s 10 advisors joined Securities America in August. Before Benson Financial Group joined the practice, Compass Financial Resources had $340 million in client assets.

Joining Securities America has provided Benson and his team some relief from the current industry environment.

“We can come to the office and be financial advisors again,” Benson said. “Over the last four months, with all the DOL conversations, it’s been hard to get out of bed and focus on what we do. We’re looking forward to 2018 and this new relationship.”

Benson said he opted to join Compass Financial Resources and Securities America because they shared a common culture with his firm.

“They’re easy to do business with,” Benson said. “We’ll be able to call and get the answers we need. We know they’re on our side and looking out for our best interests.”

Gregg Johnson, Securities America executive vice president of branch office development and acquisitions, said Compass Financial Resources and Securities America will offer the support and technology to ensure Benson Financial Group continues to provide its clients team-oriented service.

“Benson Financial Group is a great fit for the Securities America family,” Johnson said. “Their team approach to serving clients has proven successful for over 20 years. We’re looking forward to building on that success by introducing their staff and advisors to our technology and practice management resources.”

About Securities America

Securities America is one of the nation’s largest independent broker-dealers with more than 2,200 independent advisors and over $72 billion in client assets.

Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities America, Compass Financial Resources and Benson Financial Group are separate entities.

Securities AmericaNatalie Hadley402-399-9111 ext. 4606800-747-6111 ext. 4606nhadley@saionline.com

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