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Financial Planning > Behavioral Finance

Triad Adds $850M Team From Wells Fargo

By Janet Levaux

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Triad Advisors, an independent broker-dealer with about 630 advisors, says Stonebridge Financial Group has joined its hybrid solutions platform from Wells Fargo’s independent channel.

Stonebridge is based in Wormleysburg, Pennsylvania, and has seven advisors who work with about $850 million in client assets. The team is led by Brian McCarver, Jonathan Freeman and Jim Kampstra.

“Brian, Jon and Jim have built the type of young and entrepreneurial group that has all the ingredients for success,” according to Michael C. Bryan, CEO of Triad Hybrid Solutions. “Triad Hybrid Solutions is happy to provide them with the infrastructure to grow their team, assets and client base with confidence over the long term.”

McCarver has been in the business since late 1997. He started at Merrill Lynch and spent the past five years with Wells Fargo Financial Network, according to FINRA BrokerCheck.

Freeman launched his career at National Financial in 1998 and joined Wells Fargo in 2003; Kampstra was with Geneos Wealth for the past nine years, the BrokerCheck records show.

“We joined Triad Hybrid Solutions because our industry and our business are evolving toward greater independence, in line with the needs of our clients,” McGarver said in a statement.

“We also have the long-term goal of strengthening our regional presence by establishing additional office locations both organically and inorganically, and with the resources of Triad and its parent company, Ladenburg Thalmann, in our corner, we now see a clear path for how we can achieve that goal,” he added.

Another Ladenburg Unit Makes a Deal

In other news, Ladenburg Thalmann says one of its subsidiaries, Highland Capital Brokerage, has acquired certain assets of Four Seasons Financial Group, an independent insurance and annuity distribution company.

Ladenburg aims for the deal to expand its insurance and annuity platform and business. Four Seasons has sales agreements with some 200 banks and independent broker-dealers, as well as with other firms that work with roughly 5,000 financial advisors.

“With this acquisition, we have further strengthened the Ladenburg insurance and annuity platform’s position in this space, while reinforcing our mission of mobilizing Ladenburg’s intellectual capital, financial capital and other growth resources to deliver a superior level of value-added solutions for financial advisors and institutions across the country,” according to CEO Richard Lampen.

Ladenburg Thalmann includes Securities America, Triad Advisors, Securities Service Network, Investacorp and KMS Financial Services, as well as Premier Trust, Ladenburg Thalmann Asset Management, Highland Capital Brokerage, Ladenburg Thalmann Annuity Insurance Services and Ladenburg Thalmann & Co. Inc., an investment bank.

Janet Levaux

@Think_JanetL

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