Firm managing $170 million at National Planning moves to OSJ

Benson Financial Group in Hannibal, Mo., affiliates with branch of Securities America.
SEP 12, 2017

Benson Financial Group, which managed $170 million when affiliated with National Planning Corp., has joined Compass Financial Resources, an Olathe, Kan.-based office of supervisory jurisdiction of Securities America. Based in Hannibal, Mo., Benson Financial has eight brokers and three staff members. "We can come to the office and be financial advisers again," said Patrick Benson, whose firm had been affiliated with National Planning Corp. since 2007. "Over the last four months, with all the DOL conversations, it's been hard to get out of bed and focus on what we do." Mr. Benson started his career at Franklin Financial Services in 1996 and joined American General Securities in 2002.

Latest News

How AI search aided scam from phony NFL player, fake financial advisor
How AI search aided scam from phony NFL player, fake financial advisor

Daejon Love and Taylor Chan's $1.3 million romance fraud scheme exposes how AI search engines can be manipulated by fabricated online identities

Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client
Schwab ordered to pay clients $1.34 million in crypto dispute involving elderly client

“It was a third party scam,” said the attorney representing the claimants.

RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust
RIA moves: Mercer adds to Atlanta presence with veteran advisor from Northern Trust

Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.

CogniCor adds wealthtech veterans to board in renewed RIA push
CogniCor adds wealthtech veterans to board in renewed RIA push

Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.

Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico
Advisor moves: Merrill draws $1.2 billion UBS team in New Mexico

Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.

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