Securities America Welcomes Midtown Financial Advisors of Greensboro, N.C.
August 25 2016 - 7:00AM
Business Wire
Newly formed firm has $250 million in AUM
and $2 million in revenue
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE MKT: LTS; LTS PrA), is
pleased to welcome Midtown Financial Advisors in Greensboro,
N.C.
The idea for Midtown Financial Advisors, which officially opened
its doors June 1, started in 2013, when independent advisors Rick
Raiford, Jeff Phillips, Brad Smith and Chuck Furr discussed merging
their practices into one firm that could offer more comprehensive
services, access to specialists and assurance of continuity.
“We believed we could accomplish our mission more effectively
and efficiently together and leverage our skill sets and
experiences in a way that would make us a premier firm in this
region of our state,” Raiford said.
In addition to the five founding members, Midtown includes three
advisors and eight specialists. It currently has $250 million in
assets under management and a total revenue of $2 million. The
advisors are licensed in 17 states.
“During our planning stages, we set out to find a broker-dealer
that would meet everyone’s individual needs and help us achieve our
vision,” said Raiford. “After an exhaustive search, we chose
Securities America. We expect a long-term relationship that will
empower us to grow our AUM within our existing books of business as
well as through mergers and acquisitions.”
Gregg Johnson, executive vice president of branch office
development at Securities America, welcomed the association.
“We are extremely pleased to have Midtown Financial Advisors as
part of the Securities America team,” said Johnson. “We are working
closely with them to ensure a smooth transition and acquaint them
with our extensive technology and practice management resources.
The firm is off to an impressive start, and we look forward to
helping them grow.”
About Securities America
Securities America is one of the nation’s largest independent
broker-dealers with more than 2,000 independent advisors and $58
billion in client assets.
Securities offered through Securities America, Inc., member
FINRA/SIPC. Midtown Financial Advisors and Securities America are
separate, unaffiliated entities.
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version on businesswire.com: http://www.businesswire.com/news/home/20160825005142/en/
Securities AmericaNatalie Hadley402-399-9111 ext.
4606800-747-6111 ext. 4606nhadley@saionline.com
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