Securities America Completes Acquisition of Sunset Financial Services Assets
November 18 2014 - 8:00AM
Business Wire
Securities America adds 205 advisors and
$2.5 billion in client assets
Securities America, a subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE MKT: LTS), announced today it had completed the
acquisition of certain assets of Sunset Financial Services, Inc.
from Kansas City Life Insurance Company (NASDAQ: KCLI).
Approximately 205 registered representatives in 48 states plus
the District of Columbia with approximately $2.5 billion in client
assets transitioned from Sunset Financial Services to Securities
America. Those advisors will now report to KCL Services Company, an
office of supervisory jurisdiction (OSJ) branch of Securities
America. Sunset Financial Services will continue to assist Kansas
City Life in issuing and promoting its variable insurance
products.
“Our technology, advisory, practice management solutions and
retirement income distribution programs have been well received by
the advisors from Sunset Financial Services,” said Jim Nagengast,
Securities America chief executive officer and president. “We look
forward to helping them become even more familiar with our
offerings as they grow their practices.”
The Sunset Financial transaction is the latest in a series of
acquisitions by Securities America. In July 2014, Securities
America acquired 60 advisors and $950 million in client assets from
Dalton Strategic Investment Services. In 2013, Securities America
added 30 advisors from Eagle One Investments. In 2012, Securities
America transitioned 140 advisors from Investors Security Company
Inc. In 2010, Securities America transitioned 45 advisors from
Equitas and 40 from ePlanning. In 2009, Securities America acquired
Brecek & Young Associates, which added 260 advisors.
About Securities AmericaSecurities America is one of the
nation’s largest independent broker-dealers with more than 1,800
independent advisors and $50 billion in client assets.
Securities offered through Securities America,
Inc., member FINRA/SIPC. Advisory services offered through
Securities America Advisors, Inc., an SEC Registered Investment
Advisory Firm. Securities America is not affiliated with any other
entity named.
Securities AmericaNatalie Hadley, 800-747-6111, ext.
4606nhadley@saionline.com
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