Securities America is adding BEAM Asset Management, a newly created firm with $800 million in client assets, to its broker-dealer platform, Securities America announced Tuesday.

BEAM was recently created by the merger of two firms and now has a total of 32 advisors and offices in Louisiana and Missouri. The firms that merged to create BEAM were Financial & Investment Management Advisors in Covington, La., and Universal Financial Planning Consultants in St. Louis and St. Charles, Mo.

The advisors are Scott Bordelon of Financial & Investment Management and Larry Lock and Steven Hollis of Universal Financial Planning Consultants.

Bordelon, Lock and Hollis combined their firms to become a single Office of Supervisory Jurisdiction branch with Securities America. The ability of the broker-dealer to support its recruitment of new advisors was a key reason for the changes, 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. “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.”

Securities America is an independent broker-dealer with more than 2,000 independent advisors and $55 billion in client assets