Three indies bring $719 million to Securities America

Super OSJ and two large groups switch from NPC, LPL and Invest.
MAR 07, 2018

A Super Office of Supervisory Jurisdiction and two independent financial services firms, which collectively manage $719 million in assets, have affiliated with Securities America Inc. The three are the Gandet Group, of Manahawkin, N.J.; Vizionary Wealth Management, of Wilmington, Del.; and One-Point-Of-Care (OPOC.us), in Worthington, Ohio, Securities America said in a release. The Gandet Group is a large OSJ whose 10 affiliated advisers manage more than $220 million. It was formerly affiliated with National Planning Corp., which was acquired last year by LPL Financial. The Super OSJ is led by Michael Gandet and focuses on retirement and retirement income distribution. Vizionary Wealth Management, which manages $177 million in assets, specializes in serving professionals in the biotechnology, pharmaceuticals, medical devices and life sciences fields. Headed by Wayne Wagner, Jr., the firm was formerly affiliated with LPL Financial. It will be part of WealthPLAN Partners, a Super OSJ based in Omaha, Neb. OPOC.us, which specializes in retirement plans, manages $319 million in assets. Its nine employee advisers are led by Aron Sommer.

Latest News

Ameriprise, advisor on the hook to pay Edward Jones $4.7 million in trade secrets lawsuit.
Ameriprise, advisor on the hook to pay Edward Jones $4.7 million in trade secrets lawsuit.

In a constant fight over control of clients, the financial advice industry has a long history of such allegations and disputes.

Powering retirement for Wall Street
Powering retirement for Wall Street

Retirement fintech Vestwell has hit profitability and $200 million in annual recurring revenue, powering savings programs for 750,000 employers and Wall Street’s biggest firms

Advisor moves: LPL welcomes back RayJay advisor trio in Texas
Advisor moves: LPL welcomes back RayJay advisor trio in Texas

Meanwhile, &Partners has drawn another Wells Fargo team based in Missouri, while an experienced South Carolina advisor has returned to Cetera from LPL.

FINRA fines Vanguard $950,000 over decade of cost basis errors
FINRA fines Vanguard $950,000 over decade of cost basis errors

Faulty Forms 1099 and account statements reportedly left some Vanguard brokerage customers overpaying or underpaying taxes for over a decade.

More ETFs, more opportunity, more homework
More ETFs, more opportunity, more homework

The democratization of ETFs cuts both ways

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial 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