Securities America Recruits Three Groups with Approximately $245 Million in Total Client Assets
May 23 2019 - 6:00AM
Business Wire
Groups seek to grow by accessing largest Ladenburg subsidiary’s
cutting-edge technology, practice management support and open-door
culture
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 successfully
recruited three advisory practices with client assets totaling
approximately $245 million.
The three groups are:
- Miller & Hurt Wealth Advisors, a
two-advisor practice in Rockledge, Fla., with total client assets
of $110 million;
- Hill & Associates, a three-advisor
practice based in Lincoln, Neb., with total client assets of $82
million; and
- Duprez Financial, a two-advisor
practice in Myrtle Beach, S.C., with total client assets of $53
million.
Gregg Johnson, Securities America’s executive vice president of
branch office development and acquisitions, said, “We are excited
to be able to grow the Securities America family by adding Hill
& Associates, Miller & Hurt Wealth Advisors and Duprez
Financial. Each of these practices has been built by hardworking,
service-focused advisors that were seeking the cutting-edge
technology and practice management expertise that define the
Securities America platform and the resources available to advisors
at Ladenburg’s IAB firms. We stand ready to help these three firms
grow to the next level.”
Stephen Hill, founder and president of Hill & Associates,
said, “We appreciated that the team at Securities America is
focused on providing the best service and technology in the
industry. Even more than that, we were very impressed that they are
real people who care about making our experience and that of our
clients the best one possible, and they back that up through their
friendly, open-door culture.”
Richard Miller and Tony Hurt of Miller & Hurt said, “We
believe in building longstanding relationships through mutual
respect and appreciation, and our practice is built around helping
our clients achieve their objectives, not around products or
transactions. We joined Securities America because their team cares
deeply about these things, too. Moreover, the company’s technology
and culture will allow us to maintain our independence while
continuing to advocate for our clients in the best way
possible.”
Michael Duprez, founder of Duprez Financial, said, “We are
passionate about the quality of the service we provide our clients,
and it was very important that our IAB partner feel the same way.
In affiliating with Securities America, we are joining an
organization that has built a strong foundation that will help us
do our best work for our clients, and help drive the long-term
success of our firm.”
Mr. Johnson concluded, “Helping strong independent advisory
practices flourish is the lifeblood of our business. The advisors
we serve are an indispensable part of the tight-knit culture we
have created at Securities America. In the end, people are what
make any organization great, and we look forward to collaborating
with these three firms in their future development and growth.”
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 2,600 independent advisors and more than $94 billion in
client assets as of Mar. 31, 2019.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory Services offered through Securities America
Advisors, Inc. 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 and 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. 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, 2018 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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version on businesswire.com: https://www.businesswire.com/news/home/20190523005104/en/
Chris Clemens / Andrew WangHaven Tower Group424-317-4854 or
424-317-4859cclemens@haventower.com or awang@haventower.com
Related Links: https://www.securitiesamerica.com
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