Independent broker-dealer Securities America has added USAdvisors Network LLC, of Eden Prairie, Minn., to its network of branch offices.
USAdvisors Network, which specializes in "financial planning and insurance integration strategies,"brings the number of financial institutions served by Securities America to more than 100, said Gregg Johnson, Securities America senior vice president and director of branch development.
"This is a dramatic step in our super-branch recruiting strategy and a substantial boost to our financial institutions program," he said.
Securities America, based in Omaha, Neb., says its recruitment is up 56% from a year ago. Recruitment from wirehouses is up 42%, while the number of advisors coming from independent broker-dealers is up 93%, Johnson said.
Securities America has more than 1,900 financial professionals nationwide and more than $34 billion in assets under supervision, according to the company.