Securities America acquires another broker-dealer
Purchase of Wall Street Financial Group is the firm’s ninth and second in as many months
Sep 26, 2016 @ 9:36 am | By Bruce Kelly| Investment News
For the second time in as many months, Securities America Inc. said it was acquiring the assets of another broker-dealer.
Securities America, part of the Ladenburg Thalmann Financial Services Inc. group of broker-dealers, said Monday it was acquiring the 67 advisers of Wall Street Financial Group, a small broker-dealer which opened in 1994. Those advisers produce close to $11 million in annual revenue and have $2.1 billion in client assets, according to the companies.
Last month, Securities America said it was acquiring the assets of a mid-sized broker-dealer, Foothill Securities Inc. with 220 representatives under its roof.Go Back
Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.