Firm chooses new IBD for "big firm services, small firm culture"
Securities America, a wholly owned subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSE MKT:LTS), this week welcomed 32 advisors
with BEAM Asset Management, a Louisiana and Missouri-based firm with
more than $800 million in client assets and $6.5 million in revenue.
Long-time colleagues Scott Bordelon, Larry Lock and Steven Hollis
combined their firms to become a single “super OSJ branch” with
Securities America. Support in recruiting new advisors to their offices
played a key role in their selection, Bordelon said.
“We wanted a broker-dealer that had demonstrated its willingness to
support a super OSJ branch structure, to help that branch recruit
advisors and to work with an independent RIA,” said Bordelon, who is
located in Covington, La. “We wanted a broker-dealer relationship more
focused on problem solving, collaboration and common sense solutions to
the challenges we face as advisors and business owners. With Securities
America, we’ve found that partnership.”
Bordelon merged his independent RIA firm, Financial & Investment
Management Advisors, with Universal Financial Planning Consultants,
owned by Lock, to form BEAM Asset Management, an SEC-registered
independent RIA firm. Lock has offices in St. Louis, Mo., and Hollis in
St. Charles, Mo.
“Scott, Larry and Steve had this vision of streamlining their practices
and their RIAs into a single entity affiliated with a strong
broker-dealer partner,” said Gregg Johnson, Securities America executive
vice president of branch office development and acquisitions. “We’re
incredibly pleased they chose Securities America to help them achieve
that vision, and we look forward to working closely with BEAM to attract
more advisors to their firm.”
About Securities America
Securities
America is one of the nation’s largest independent broker-dealers
with more than 2,000 independent advisors and $55 billion in client
assets.
Advisory services offered through BEAM Asset Management, LLC, an SEC
Registered Investment Advisory Firm. Securities offered through
Securities America, Inc., member FINRA/SIPC. BEAM Asset Management, LLC
and Securities America are separate entities.
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