Securities America Adds BEAM Asset Management with 32 Advisors, $800 Million in Client Assets
Long-time colleagues Scott Bordelon, Larry Lock and Steven Hollis combined their firms to become a single "super OSJ branch" with Securities America. Support in recruiting new advisors to their offices played a key role in their selection, Bordelon said.
"We wanted a broker-dealer that had demonstrated its willingness to support a super OSJ branch structure, to help that branch recruit advisors and to work with an independent RIA," said Bordelon, who is located in Covington, La. "We wanted a broker-dealer relationship more focused on problem solving, collaboration and common sense solutions to the challenges we face as advisors and business owners. With Securities America, we've found that partnership."
Bordelon merged his independent RIA firm, Financial & Investment Management Advisors, with Universal Financial Planning Consultants, owned by Lock, to form BEAM Asset Management, an SEC-registered independent RIA firm. Lock has offices in St. Louis, Mo., and Hollis in St. Charles, Mo.
"Scott, Larry and Steve had this vision of streamlining their practices and their RIAs into a single entity affiliated with a strong broker-dealer partner," said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions. "We're incredibly pleased they chose Securities America to help them achieve that vision, and we look forward to working closely with BEAM to attract more advisors to their firm."
About Securities America
Securities America is one of the nation's largest independent broker-dealers with more than 2,000 independent advisors and $55 billion in client assets.
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Advisory services offered through BEAM Asset Management, LLC, an SEC Registered Investment Advisory Firm. Securities offered through Securities America, Inc., member FINRA/SIPC. BEAM Asset Management, LLC and Securities America are separate entities.