$400 million hybrid joins LPL from Securities America

$400 million hybrid joins LPL from Securities America
Missouri-based Niklas Financial will align with JFC Financial Services, which moved to LPL from Securities America last month
JUN 02, 2020

Niklas Financial, a hybrid advisory firm with $400 million in assets, is joining LPL Financial’s broker-dealer, registered investment adviser and custodial platforms from Securities America, which is a unit of Advisor Group.

Jefferson City, Mo.-based Niklas will align with JFC Financial Services, which moved to LPL from Securities America last month.

Kenny Niklas, president of Niklas Financial, founded the firm in 1979 with his father and brother, who have retired. The firm includes his son, Brandon Niklas, as well as advisers Jerry Christian and Aaron Smith, office manager John Anderson, administrative staff and eight remote financial advisers.

Latest News

Middle-class Americans are falling short on retirement, new report finds
Middle-class Americans are falling short on retirement, new report finds

Transamerica survey of 7,600 Americans reveals debt, inflation, and caregiving demands are derailing retirement security.

AssetMark's Talk Tracks AI gives advisors a script for client calls
AssetMark's Talk Tracks AI gives advisors a script for client calls

The new AI feature generates instant client portfolio talking points, slashing meeting prep time for advisors.

Behind the Great Wealth Transfer: Citizens bets on business owners
Behind the Great Wealth Transfer: Citizens bets on business owners

As Citizens expands its advisory footprint, the bank is also going after wealth trapped inside business ownership

Forbes and Shook pull the plug on rankings, events, in 2026
Forbes and Shook pull the plug on rankings, events, in 2026

The Forbes rankings are highly sought after by some advisors and firms for marketing purposes.

Advisor moves: Cresset enters Boca Raton with $4 billion UBS team addition
Advisor moves: Cresset enters Boca Raton with $4 billion UBS team addition

Meanwhile, an advisor tuck-in from Edward Jones expands Kestra's Washington, D.C.-area presence, and Janney deepens its Connecticut footprint with an experienced Wells Fargo advisor.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income