Skip navigation
The Daily Brief
securities america building

Securities America Adds 3 Teams From IBD Dumped by Allianz

The practices, with a combined $245 million in client assets, chose to join Securities America rather than transition to Woodbury following a recruiting deal with their b/d’s parent company.

Securities America, an independent broker/dealer subsidiary of Ladenburg Thalmann, has recruited three advisor practices from Questar Capital, whose advisors have moved over to Woodbury via a recruiting deal. Questar parent Allianz entered into an agreement with Advisor Group last October to transition the firm’s reps to Woodbury Financial Services. About 400 reps, and 86% of Questar’s assets under management, went over to Woodbury.

Miller & Hurt Wealth Advisors, a two-advisor team in Rockledge, Fla., moves to SAI with $110 million in client assets. Hill & Associates, a three-advisor team in Lincoln, Neb., brings $82 million onto the b/d’s platform, while Duprez Financial, with two advisors in Myrtle Beach, S.C., has $53 million in client assets.

This is not the first time Securities America has had success recruiting advisor teams affiliated with broker/dealers going through ownership changes. The firm recruited several teams and offices of supervisory jurisdiction in the wake of LPL Financial’s acquisition of National Planning Holdings last year.

Want The Daily Brief delivered directly to your inbox? Sign up for's Morning Memo newsletter.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.