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August 12, 2014 at 10:10 AM
Securities America Inc., an independent broker-dealer located in La Vista, Nebraska, has added two new representatives in Virginia: Roland Martin of Chesapeake and Thomas Carlson of Newport News. Securities America is a subsidiary of Ladenburg Thalmann Financial Services Inc (LTS).
The partners were previously at VALIC, which is under the American International Group. Martin managed $12 million in assets and Carlson managed $81 million — a total of $93 million in assets under management. They are joining Investor Securities Group Inc., one of Securities America’s largest branches.
“It is a significant change to go from a captive environment to independent,” said Christopher M. Holloway, president and CEO of Investor Securities Group, in a press release. “The true winners in this transition are the clients, who benefit from breadth of product line and specialized offerings not previously available to them.”
Investor Securities Group serves individual advisors throughout the United States, most of them east of the Mississippi River. It has beed part of Securities America since 2012.
Ladenburg Thalmann, based in Miami, also recently acquired KMS Financial Services, adding more than $14 billion in client assets and $84M in revenue. This deal gave KMS access to Ladenburg’s resources.
“As a part of the Ladenburg family, KMS will retain its distinct brand while gaining the advantages of access to the differentiated products and services offered to our independent advisors, enabling them to meet evolving client needs, stay competitive and further grow their business,” Richard Lampen, Ladenburg’s President and CEO, said in a press release.
