Securities America Recruits Betcher Financial Group, a Producer Group with $250 Million in Client Assets
November 08 2018 - 6:00AM
Business Wire
Largest Ladenburg Subsidiary Extends its Success in Recruiting
Producer Groups with Michigan-Based Network Focused on Income
Planning
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS
PrA, LTSF, LTSK), announced today that it has recruited Betcher
Financial Group, a network of nine advisors with approximately $250
million in client assets. The announcement further demonstrates the
strength of Securities America’s value proposition in serving
producer groups with a diverse array of business models.
Betcher Financial Group advisors operate from two locations,
with founder and president Joe Betcher heading the Sterling
Heights, Michigan office, while 24-year industry veteran Matt
Brosky leads the St. Clair, Michigan group. The group looks forward
to growth and recruiting opportunities now that they have
affiliated with Securities America, Betcher said.
Gregg Johnson, Securities America’s executive vice president of
branch office development and acquisitions, said, “We are very
pleased to announce Betcher Financial Group’s decision to join
Securities America. Joe Betcher and his team have established a
successful network by focusing on outstanding service and
protecting their clients from risk. Their affiliation with us
provides further evidence of the power of the Securities America
platform to support producer groups across the full range of
business models in our industry. We look forward to supporting
Betcher Financial Group as part of the Securities America
family.”
Betcher Financial Group serves as a single source for a wide
range of financial services for its clients, including retirement
planning, investment management, estate planning, tax planning and
asset protection. The firm focuses on tax-favored retirement
funding, business insurance planning, and income and wealth
replacement strategies. Betcher’s philosophy is that the foundation
of a solid financial plan should be guarding against loss of
income, while protecting clients’ families, businesses and
assets.
Joe Betcher said, “Betcher Financial Group has become a trusted
source of financial guidance by focusing on income planning for our
clients and by understanding that the first priority for most
investors is safety. With its excellent technology platform,
established position as a retirement income planning thought
leader, and ability to support our team while also empowering us to
operate independently, Securities America provided a uniquely
compelling value proposition for our group. Combined with the deep
resources and nationwide footprint that its parent company,
Ladenburg Thalmann, brings to the table, we knew that Securities
America was the ideal partner to help us take the next step in our
ongoing growth trajectory. We look forward to collaborating with
the Securities America team to expand our recruiting efforts and
our businesses, and to further elevate the exceptional service
experience we provide to our clients.”
Mr. Johnson concluded, “One of our key areas of focus in working
with producer groups is to provide seamless support for their
recruiting efforts. We are eager to help Joe and his team progress
toward their goal of growing their business through expanded
recruiting in concert with a truly independent advisory and
brokerage partner that gives them full operating autonomy while
providing full support for their insurance and advisory-focused
model.”
Related Links: https://www.securitiesamerica.com
About Securities AmericaSecurities America, a wholly
owned subsidiary of Ladenburg Thalmann Financial Services Inc.
(NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK), is one of the
nation’s largest independent advisory and brokerage firms, with
more than 2,550 independent advisors and over $90 billion in client
assets as of June 30, 2018.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory services offered through Securities America
Advisors. Securities America and Ladenburg Thalmann Financial
Services Inc. are separate entities from all other entities
named.
About Ladenburg ThalmannLadenburg Thalmann Financial
Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF, LTSK) is a
publicly-traded diversified financial services company based in
Miami, Florida. Ladenburg’s subsidiaries include industry-leading
independent advisory and brokerage (IAB) firms Securities America,
Triad Advisors, Securities Service Network, Investacorp and KMS
Financial Services, as well as Premier Trust, Ladenburg Thalmann
Asset Management, Highland Capital Brokerage, a leading independent
life insurance brokerage company, Ladenburg Thalmann Annuity
Insurance Services, a full-service annuity processing and marketing
company, and Ladenburg Thalmann & Co. Inc., an investment bank
which has been a member of the New York Stock Exchange for over 135
years. The company is committed to investing in the growth of its
subsidiaries while respecting and maintaining their individual
business identities, cultures, and leadership. For more
information, please visit www.ladenburg.com.
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future growth and
recruiting. These statements are based on management's current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties affecting the operation of Ladenburg
Thalmann's business. These risks, uncertainties and contingencies
include those set forth in Ladenburg Thalmann's annual report on
Form 10-K for the fiscal year ended December 31, 2017 and other
factors detailed from time to time in its other filings with the
Securities and Exchange Commission. The information set forth
herein should be read in light of such risks. Further, investors
should keep in mind that Ladenburg Thalmann's quarterly revenue and
profits can fluctuate materially depending on many factors,
including the number, size and timing of completed offerings and
other transactions. Accordingly, Ladenburg Thalmann's revenue and
profits in any particular quarter may not be indicative of future
results. Ladenburg Thalmann is under no obligation to, and
expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise, except as
required by law.
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