Securities America added a 26-year-old advisory firm to its platform, according to an announcement. The firm, Symmetry Financial Solutions, joins from Securian Financial Services.
“We had known of Securities America’s reputation in the wealth management industry for years as a great partner for growth-minded financial professionals, and when it came time to make a strategic decision on how we would expand our business, they came to mind immediately,” Symmetry co-owner and CEO David Bavero.
Symmetry turned to Securities America for its technology stack and practice management support—both powered by the scale of parent company Advisor Group, which also owns FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, Triad Advisors and Woodbury Financial Services and oversees $450 billion in client assets among more than 11,000 advisors.
Symmetry managed close to $300 million in assets under management but has brought $192 million in client assets to Securities America, so far.
President Richard Planto started Symmetry in 1994. It has offices in San Antonio, Brownsville, Boerne and Fredericksburg, Texas.