LPL reels in $275 million team from Securities America

Colorado firm JBA Wealth Management moves to LPL

Oct 9, 2018 @ 2:30 pm

By Bruce Kelly

LPL Financial said on Tuesday that it recently snagged a team of eight advisers based in Colorado with close to $275 million in brokerage and advisory assets from rival Securities America Inc., one of the broker-dealers in the Ladenburg Thalmann Financial Services Inc. network.

Dan Johnson, the founder of JBA Wealth Management, moved his registration to LPL from Securities America on Aug. 24, according to his BrokerCheck report.

JBA plans to add more advisers as well as increase support to clients interested in socially responsible investing, LPL said in a press release. It operates out of two offices in Fort Collins and Scotts Bluff. Three of its advisers are women.

"We are committed to supporting our advisers by making investments in the technology, capabilities and resources that help them grow their businesses in the ways that matter most to them," said Rich Steinmeier, LPL managing director and divisional president, business development, in the press release.

A spokesman for Securities America, Joe Kuo, declined to comment.


What do you think?

View comments

Recommended for you

Featured video


Regional brokerages are picking up assets, advisers from wirehouses

Senior columnist Bruce Kelly discusses with deputy editor Bob Hordt the impact of big brokerage houses pulling back on recruiting and regionals promising recruits less bureaucracy.

Latest news & opinion

8 adviser fears for 2019

Interest rates, trade wars and bear markets, oh my! Looking across the industry, here are some of the biggest concerns heading into the new year.

3 big reasons to do a Roth conversion right now

The time is ripe for many to convert a pretax IRA to a Roth.

10 must-know facts about today's 401(k) plans

Here are the latest changes in 401(k) plans across areas such as investments, fees, contributions, investment advice and more.

Questions abound as Ohio National stops commission payments this week

Advisers are grappling with how to proceed, with their clients and their businesses, as the insurer's new annuity trail policy takes effect.

Top 10 RIAs in the South

These are the largest registered investment advisory firms in the Southern U.S., based on AUM.


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