Securities America Provides three Groups From IBD Dumped by Allianz

Securities America, an unbiased dealer/supplier subsidiary of Ladenburg Thalmann, has recruited three advisor practices from Questar Capital, whose advisors have moved over to Woodbury by way of a recruiting deal. Questar guardian Allianz entered into an settlement with Advisor Group final October to transition the agency’s reps to Woodbury Monetary Providers. About 400 reps, and 86% of Questar’s belongings beneath administration, went over to Woodbury.

Miller & Damage Wealth Advisors, a two-advisor workforce in Rockledge, Fla., strikes to SAI with $110 million in shopper belongings. Hill & Associates, a three-advisor workforce in Lincoln, Neb., brings $82 million onto the b/d’s platform, whereas Duprez Monetary, with two advisors in Myrtle Seashore, S.C., has $53 million in shopper belongings.

This isn't the primary time Securities America has had success recruiting advisor groups affiliated with dealer/sellers going by possession modifications. The agency recruited a number of groups and places of work of supervisory jurisdiction within the wake of LPL Monetary’s acquisition of Nationwide Planning Holdings final yr.