Independent broker/dealer Securities America has added a St. Louis-based team with $459 million in client assets to Arbor Point Advisors, the firm’s second multicustodial, corporate registered investment advisor.
Syntegra Private Wealth Group, which has three offices in the St. Louis area, joins from Ameriprise Financial.
Syntegra includes six hybrid advisors and is lead by CEO Thomas A. Burke. The firm specializes in investment management, life insurance, tax, retirement and estate planning.
Arbor Point, formed via a joint venture between Securities America and NorthStar Financial Services Group, is an RIA platform that allows advisors to use multiple custodians while retaining their commission-based business. The firm serves hybrid advisors who want to own and operate their own privately branded firm, but don’t want the operations and compliance burdens.
Securities America is the largest IBD subsidiary of Ladenburg Thalmann.