LA VISTA, Neb.--(BUSINESS WIRE)--Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS; LTS PrA), is pleased to welcome Midtown Financial Advisors in Greensboro, N.C.
The idea for Midtown Financial Advisors, which officially opened its doors June 1, started in 2013, when independent advisors Rick Raiford, Jeff Phillips, Brad Smith and Chuck Furr discussed merging their practices into one firm that could offer more comprehensive services, access to specialists and assurance of continuity.
“We believed we could accomplish our mission more effectively and efficiently together and leverage our skill sets and experiences in a way that would make us a premier firm in this region of our state,” Raiford said.
In addition to the five founding members, Midtown includes three advisors and eight specialists. It currently has $250 million in assets under management and a total revenue of $2 million. The advisors are licensed in 17 states.
“During our planning stages, we set out to find a broker-dealer that would meet everyone’s individual needs and help us achieve our vision,” said Raiford. “After an exhaustive search, we chose Securities America. We expect a long-term relationship that will empower us to grow our AUM within our existing books of business as well as through mergers and acquisitions.”
Gregg Johnson, executive vice president of branch office development at Securities America, welcomed the association.
“We are extremely pleased to have Midtown Financial Advisors as part of the Securities America team,” said Johnson. “We are working closely with them to ensure a smooth transition and acquaint them with our extensive technology and practice management resources. The firm is off to an impressive start, and we look forward to helping them grow.”
About Securities America
Securities America is one of the nation’s largest independent broker-dealers with more than 2,000 independent advisors and $58 billion in client assets.
Securities offered through Securities America, Inc., member FINRA/SIPC. Midtown Financial Advisors and Securities America are separate, unaffiliated entities.