Securities America, a subsidiary of Ladenburg Thalmann Financial Services Inc., announced that Jim Norwood has been named president of Securities America’s financial institutions division.
“Their vision and mine are the same—to continue our development as the nation’s premier financial institutions division,” Norwood said.
Norwood, a former LPL senior executive, will develop strategies for recruiting and keeping bank and credit union wealth management programs for Securities America.
“This position reflects our commitment to the bank and credit union space,” said Gregg Johnson, executive vice president of branch office development and acquisitions at Securities America. “There’s no one better for the position than Jim Norwood. He’s well known and highly respected. He brings nearly three decades of effective leadership in the financial services industry.”
Johnson stressed that the appointment comes as Securities America has had significant success in recruiting financial institutions-based advice businesses to its platform throughout 2017, and it is part of Securities America’s broader strategy to accelerate its growth strategy in the financial institutions space.
Securities America is one of the nation’s largest independent advisory and brokerage firms, with more than 2,200 independent advisors and nearly $72 billion in client assets.