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Securities America Snags $120 Million Team From Cetera

Despite a global pandemic, the recruiting wars continue, with Auburn, Ala.-based 20 / 20 Wealth Management Group joining newly acquired Securities America.

Newly-acquired independent broker/dealer Securities America has recruited an Auburn, Ala.-based hybrid advisory practice with $120 million in client assets.

20 / 20 Wealth Management Group, which will affiliate with Arbor Point Advisors, its corporate registered investment advisor, and Bay View Capital Advisory Group, a super-OSJ based in St. Petersburg, Fla.,  joins from Cetera Advisor Networks.

The move represents a big win for Securities America since its former parent, Ladenburg Thalmann, was acquired by Advisor Group in February.

20 / 20 Wealth Management Group consists of five advisors, including founding partner and branch manager Lon Simpson, founding partner Dr. Eugene Oks, Timothy Aja, April Wallace and Jeff Nance. Simpson said he was attracted to the b/d’s “reputation as a top-flight destination for entrepreneurial advisors who are always trying to grow their businesses and improve the service experience.”

The recruitment process was led by Gregg Johnson, previously Securities America’s head of branch office development, who was recently promoted to executive vice president of recruiting and revenue acquisition, a new role that will oversee recruiting for all of the brands inside Advisor Group.

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