Omaha, Neb.-based broker-dealer Securities America announced that it has snagged Morrison, Nordmann & Associates, an independent wealth management firm with $120 million in total client assets.
The East Lansing, Mich.-based Morrison Nordmann completed its transition to Securities America in the fourth quarter of 2017 after coming over from INVEST Financial Corporation, a subsidiary of National Planning Holdings. NPL was bought by LPL last year, which has caused a frenzy of recruiting for those advisors who didn’t want to go under LPL’s umbrella.
Morrison, Nordmann includes two partners, Scott Morrison and Matthew Nordmann, along with fellow advisor Michael Nordmann and two support staff members. The firm was launched in 2001.
Matthew Nordmann said in a statement that he was impressed with Securities America’s technology platform and believes that the upgrade will make the firm’s advisors better for its clients.
Securities America is a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc.