Securities America Adds Team with $75 Million in Client Assets
Lifschutz and Reed, who together managed $75 million in client assets, joined the United Advisors Private Client Group Great Neck office only two days after the location opened. The pair, formerly of Morgan Stanley will be using the hybrid independent wealth advisory business model Securities America developed in a partnership with United Advisors, LLC, a privately owned financial services company out of New York.
"We are excited to have Jonathan and David as the first two advisors to join our new support model for wirehouse brokers," said Mark Penske, chairman of United Advisors. "Most advisors who leave a wirehouse go to another wirehouse because few independent-broker dealers understand what they need. Our partnership with Securities America gives Jonathan and David an independent hybrid option with the turnkey office space, staff and support they are comfortable with. We expect more breakaway advisors to find our model appealing."
A graduate of Columbia University, Lifschutz holds the Series 7, Series 63 and Series 65 licenses and the Certified Financial Planner (CFP) designation. Reed, a graduate of the University of Pennsylvania and the California Institute of the Arts, holds the Series 7 and Series 66 licenses.
"We're proud to support United Advisors in introducing this option for wirehouse advisors looking to breakaway and experience the benefits of an independent broker-dealer," said Gregg Johnson, Securities America senior vice president of branch office development and acquisitions. "We look forward to Jonathan and David using our award-winning technology, practice management opportunities and supportive environment to take their business to the next level."
About Securities America
Securities America is one of the nation's largest independent broker-dealers with more than 1,700 independent advisors responsible for more than $50 billion in client assets.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through United Advisors, LLC, an SEC Registered Investment Advisory Firm. United Advisors, LLC is not affiliated with Securities America, Inc.