Advisers on the Move

LPL loses $1.3 billion super OSJ to Securities America

Priority Financial Group specializes in credit unions in the Southwest

Oct 19, 2017 @ 7:00 am

By InvestmentNews

Priority Financial Group, a hybrid super office of supervisory jurisdiction (OSJ) managing $1.35 billion in brokerage and advisory assets, has switched affiliation from LPL Financial to Securities America.

Based in Peoria, Ariz., Priority serves 25 advisers working with 13 credit unions in Texas, Arizona and California. It offers advisers four affiliation models including being a dual bank/brokerage firm employee, an independent rep sharing revenue with a credit union, a semi-independent rep with certain services provided by Priority, or a fully independent relationship.

In a press release, Securities America said its financial institutions division works with more than 125 credit unions and banks.


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