Securities America Adds BEAM Asset Management with 32 Advisors, $800 Million in Client Assets
July 14 2015 - 8:00AM
Business Wire
Firm chooses new IBD for "big firm services,
small firm culture"
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT:LTS), this week welcomed
32 advisors with BEAM Asset Management, a Louisiana and
Missouri-based firm with more than $800 million in client assets
and $6.5 million in revenue.
Long-time colleagues Scott Bordelon, Larry Lock and Steven
Hollis combined their firms to become a single “super OSJ branch”
with Securities America. Support in recruiting new advisors to
their offices played a key role in their selection, Bordelon
said.
“We wanted a broker-dealer that had demonstrated its willingness
to support a super OSJ branch structure, to help that branch
recruit advisors and to work with an independent RIA,” said
Bordelon, who is located in Covington, La. “We wanted a
broker-dealer relationship more focused on problem solving,
collaboration and common sense solutions to the challenges we face
as advisors and business owners. With Securities America, we’ve
found that partnership.”
Bordelon merged his independent RIA firm, Financial &
Investment Management Advisors, with Universal Financial Planning
Consultants, owned by Lock, to form BEAM Asset Management, an
SEC-registered independent RIA firm. Lock has offices in St. Louis,
Mo., and Hollis in St. Charles, Mo.
“Scott, Larry and Steve had this vision of streamlining their
practices and their RIAs into a single entity affiliated with a
strong broker-dealer partner,” said Gregg Johnson, Securities
America executive vice president of branch office development and
acquisitions. “We’re incredibly pleased they chose Securities
America to help them achieve that vision, and we look forward to
working closely with BEAM to attract more advisors to their
firm.”
About Securities AmericaSecurities America is one of the
nation’s largest independent broker-dealers with more than 2,000
independent advisors and $55 billion in client assets.
Advisory services offered through BEAM Asset
Management, LLC, an SEC Registered Investment Advisory Firm.
Securities offered through Securities America, Inc., member
FINRA/SIPC. BEAM Asset Management, LLC and Securities America are
separate entities.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150714005305/en/
Securities AmericaNatalie Hadley, 402-399-9111 ext. 4606
or 800-747-6111 ext. 4606nhadley@saionline.com
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
From Apr 2023 to Apr 2024