Advisor Group & Securities America Announce Recruitment of Hybrid Advisory Firm with More Than $120 Million in Total Client A...
07 April 2020 - 12:00PM
Business Wire
Alabama-Based 20/20 Wealth Management Group
Affiliates via Securities America’s Arbor Point Advisors RIA
Platform and Super-OSJ Bay View Capital Advisory Group
Advisor Group, the nation’s largest network of independent
wealth management firms, and Securities America today announced the
successful recruitment of 20/20 Wealth Management Group, a hybrid
financial advisory practice based in Auburn, Ala. with more than
$120 million in total client assets. The practice has affiliated
with Securities America through one of its corporate RIAs, Arbor
Point Advisors, as well as through Bay View Capital Advisory Group,
a Super-OSJ based in St. Petersburg, Fla.
Securities America is part of Advisor Group, which also includes
FSC Securities Corporation, Investacorp, KMS Financial Services,
Royal Alliance Associates, SagePoint Financial, Securities Service
Network, Triad Advisors and Woodbury Financial Services.
The practice has five advisors, including founding partner and
branch manager Lon Simpson and founding partner Dr. Eugene Oks, as
well as Timothy Aja, April Wallace and Jeff Nance. The firm
specializes in retirement planning strategies for clients both in
and approaching retirement.
Gregg Johnson, Executive Vice President of Recruiting &
Revenue Acquisition for Advisor Group, said, “We are very pleased
to bring aboard such a high-caliber practice as 20/20 Wealth
Management Group. We pride ourselves on our ability to work
seamlessly at all levels of our organization – from the network
level, to the home office, to Arbor Point, to super-OSJ partners
like Bay View Capital Advisory Group – to pursue our singular goal
of helping financial advisors grow their businesses. We look
forward to accomplishing great things together with the 20/20
Wealth Management team.”
Arbor Point Advisors serves advisors by providing them with
solutions to manage numerous back-office and compliance functions
while allowing them the autonomy to chart their own course in terms
of business strategy and operations. The RIA’s ability to support
the full range of affiliation models and custodial needs has made
it an attractive destination for advisors across the industry and
spurred it to robust growth in recent years. In 2019, Arbor Point
added over $1 billion in advisory assets and raised its total
client assets to nearly $4 billion.
Bay View Capital Advisory Group focuses on providing technology
and compliance support that empowers advisors to build more
satisfying, profitable businesses. Through its affiliation with
Securities America, it offers advanced IT consultation; assistance
in configuring networks to meet compliance and security standards;
and guidance in procuring new hardware and IT infrastructure. It
also offers advisors mentoring, succession planning assistance and
practice acquisition support.
Lon Simpson said, “Having been in the wealth management industry
for decades, I was familiar with Securities America’s reputation as
a top-flight destination for entrepreneurial advisors who are
always trying to grow their businesses and improve the service
experience they offer their clients. When we began initial
discussions, it was clear that the technology, practice management
solutions and culture at Securities America were the exact right
fit for our practice. The overall package of Securities America’s
offerings, together with the culture and collaboration from the
teams at Arbor Point Advisors and Bay View Capital Advisory Group,
is a winning combination, and we look forward to thriving with
their support.”
Jamie Price, President and CEO of Advisor Group, said, “On
behalf of Advisor Group, we are thrilled to welcome 20/20 Wealth
Management to the Securities America platform. Securities America
is highly skilled in leveraging the expertise of its entire
organization – including its corporate RIAs, Securities America
Advisors and Arbor Point Advisors – and collaborating with its
excellent affiliated Super-OSJs to empower the continued success of
its advisors. With Advisor Group standing in their corner, as well,
we look forward to helping 20/20 Wealth Management reach the next
stage in its growth trajectory.”
About Securities America
Securities America is part of Advisor Group, one of the nation’s
largest networks of independent financial professionals.
Headquartered in Omaha and founded in 1984, Securities America
supports approximately 2,600 independent financial professionals
with innovative technology and wealth management platforms,
practice management and business growth tools and a personalized
service culture. The firm’s flexible, multi-custodial approach
supports a range of business models including Super OSJs,
independent RIAs, RIA-only advisors, hybrid advisors and financial
institutions. For more information visit
https://www.securitiesamerica.com/.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory Services offered through Securities America
Advisors, Inc. and Arbor Point Advisors, LLC.
About Advisor Group
Advisor Group, Inc. is the nation’s largest network of
independent wealth management firms, serving approximately 11,300
financial professionals and overseeing over $450 billion in client
assets. The firm is mission-driven to support the strategic role
that advisors can play in the lives of their clients. Securities
and investment advisory services are offered through its affiliated
broker-dealers: FSC Securities Corporation; Royal Alliance
Associates, Inc.; SagePoint Financial, Inc.; Woodbury Financial
Services, Inc.; Securities America, Inc.; Triad Advisors, LLC.;
Investacorp, Inc.; KMS Financial Services, Inc.; and Securities
Service Network, LLC, members FINRA and SIPC, and Registered
Investment Advisers. Cultivating a spirit of entrepreneurship and
independence, Advisor Group champions the enduring value of
financial professionals and is committed to being in their corner
every step of the way. For more information visit
https://www.advisorgroup.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200407005231/en/
Joseph Kuo / Chris Clemens Haven Tower Group 424 317 4851 or 424
317 4854 jkuo@haventower.com or cclemens@haventower.com
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
Von Mai 2023 bis Mai 2024