Advisers on the Move

Two more NPH firms spurn LPL, affiliate with Woodbury Financial

A $2 billion OSJ at SII and a $347 million firm at NPC depart for Woodbury Financial, a unit of the Advisor Group

Nov 1, 2017 @ 2:54 pm

By InvestmentNews

Two firms affiliated with National Planning Holdings have changed their affiliation to Woodbury Financial Services, a unit of the Advisor Group.

The Tenacity Advisory Group, a 52-adviser Super OSJ managing $2 billion in assets, has changed its affiliation from NPH unit SII Investments.

The Tenacity Advisory Group, founded in 2010 and led by Mike Savolt, is based in Green Bay, Wis. As an office of supervisory jurisdiction, it oversees advisers operating from 30 offices in Wisconsin, Michigan, Ohio and Nebraska, and provides accounting, payroll, retirement planning and tax services, as well as insurance.

Separately, Paragon Financial Group, whose affiliated brokers manage $347 million in assets, has switched affiliation from National Planning Corp., also a unit of NPH, to Woodbury. Paragon is based in Gilbert, Ariz., and was established in 1999 by Frank Brown.

In the wake of LPL Financial's $325 million acquisition of National Planning Holdings in August, a number of NPH's 3,200 affiliated advisers, including those at Feucht Financial, Paris International and Benson Financial, have changed affiliations.


What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video


Advisers beware: tax law has unintended consequences

Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.

Recommended Video

Path to growth

Latest news & opinion

El-Erian warns advisers on ETF liquidity

If investors decide to exit exchange-traded funds en masse, things could get nasty, economist says.

Pass-through provision in new tax law could benefit REITs, MLPs

Investors in such instruments are eligible for a 20% tax deduction as a result of the pass-through provision.

Fidelity charging new fee on Vanguard assets held in 401(k) plans

The 0.05% fee is ostensibly a response to Vanguard's distribution model, but may also make the company's funds less attractive due to higher cost.

UBS adviser count continues to decline

Firm to merge U.S., global wealth management units on Feb. 1

TD Ameritrade launches all-night trading for ETFs

Twelve funds now can be traded after-hours, but the list will grow, company says.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print