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Securities America Lures $200 Million FA Group from Cambridge Investment Research

April 25, 2019

Securities America has added a group of six financial advisors through its super office of supervisory jurisdiction Evolution Financial Advisors, Securities America says.

The Rochester, N.Y.-based group includes Meliora Wealth Management and Allied Financial Partners, which oversee $200 million, according to a press release from Securities America, a wholly-owned subsidiary of Ladenburg Thalmann Financial Services.

EFA is a Victor, N.Y.-based super-OSJ with more than $2.6 billion in assets, Securities America says.

The six advisors were previously affiliated with Cambridge Investment Research, according to WealthManagement.com.

“Joining the Securities America and Evolution Financial family will offer the support needed to run a better practice,” David Quick, president of Meliora, says in the press release. “With its robust advisor coaching programs and in-depth, multi-faceted practice management support, we believe Securities America will position us to deliver on that goal more effectively than ever. We were also very impressed with Securities America’s commitment to continually evolving its cutting-edge technology platform to help advisors stay a step ahead in this ever-changing industry landscape.”

Securities America has added several advisor practices over the past few weeks.

In March, it brought on a team of six hybrid advisors managing $459 million who were previously affiliated with Ameriprise Financial.

The same month, it added an 11-advisor super-OSJ overseeing approximately $175 million.

By Alex Padalka
  • To read the WealthManagement article cited in this story, click here.