Securities America announced the introduction of a new business model to attract more wirehouse advisors to the independent channel in cooperation with partner United Advisors and its parent company.

“This model gives breakaway wirehouse advisors the freedom to operate their own business as they see fit while maintaining the office structures and geography they are used to,” said Gregg Johnson, senior vice president of branch office development and acquisitions for Securities America, in a press release.

The new arrangement means that advisors will be able to access office space and a branch identity with other ex-wirehouse advisors, while operating and growing their own business on an independent platform, Johnson explains. Plus, they will be able to earn more and access services like investment banking and capital markets products from Securities America’s parent company Ladenburg Thalmann.

“Advisors who join United Advisors Private Client Group will earn significantly higher payouts on the business they write compared to the wirehouse,” Johnson said in a statement.

“In addition, they aren’t limited by the wirehouse restrictions on account size—most wirehouses have a lower payout for accounts below certain minimums—and they aren’t forced to sell any proprietary products,” explained Johnson. “They can serve the clients they choose in the way that best fits the clients’ needs.”

Securities America now includes about 1,700 advisors with $50 billion in client assets. Ladenburg also owns independent broker-dealers Investacorp and Triad Advisors. The IBD’s partner in the new model, United Advisors, says it has tapped former Morgan Stanley branch manager Kevin Hughes to serve as a managing partner of its client group.

“After listening for years to the concerns of fellow financial advisors, we have created this hybrid independent and wirehouse model that allows financial advisors to be properly compensated while placing their clients first, yet avoiding the professional isolation of going it completely alone,” Hughes said in a statement.