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

Featured video


How men and women think differently about philanthropy

Women are more emotionally connected to their gifts, and want to donate time as well, says special projects editor Liz Skinner.

Latest news & opinion

The power of philanthrophy shifts to women, and advisers are taking notice

Philanthropic women are growing in number — and stature.

Fidelity backs away from being 'point in time' fiduciary for 401(k) plans

Some advisers think this indicates other providers will pivot in light of DOL fiduciary rule's death.

Morgan Stanley CEO is happy that brokers are staying put

Firm has seen little attrition since it dumped the broker protocol last fall, Gorman says.

Bills to reform adviser regulation, increase sophisticated investors and protect seniors pass House

Measures included in package of 32 bipartisan bills meant to ease rules, spur investment

Genstar Capital buys majority stake in Cetera Financial Group

The private-equity firm has previously invested in such companies as Mercer Advisors and AssetMark.


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