Meliora Wealth Management and Allied Financial Partners of Rochester, N.Y., have aligned with super OSJ Evolution Financial Partners of Victor, N.Y., to join the Securities America platform.
The two firms bring a combined total of $200 million in client assets under management (AUM).
Meliora Wealth Management was formerly the OSJ for Allied Financial Partners. Both firms were previously affiliated with Cambridge Investment Research, a broker-dealer and asset management company headquartered in Fairfield, Iowa.
The new producer group formed by Meliora and Allied, with three financial advisors each, includes David Quick, president of Meliora.
Quick said in a press release that joining the family umbrella of Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc., and Evolution Financial, based in nearby Victor, N.Y., would provide Meliora and Allied with the technical and managerial support both firms needed to run a better practice.
Gregg Johnson, executive vice president of branch office development and acquisitions for Securities America, said in the same press release that his company provided its affiliates with access to technology and services that enabled those companies to realize their full potential and to scale up their businesses.
"When the firms in the Securities America family win, we win as well," Johnson said in the press release.
Securities America, headquartered in La Vista, Neb., was founded in 1984.