Securities America enters hybrid advisory arena

Firm teams with RIA United Advisors and former Morgan Stanley executive to offer advisers independence and broker-dealer support.
MAR 12, 2014
Securities America Inc. and registered investment adviser United Advisors Wealth Management are teaming up with former Morgan Stanley vice president Kevin Hughes in an initiative to adopt the increasingly popular hybrid wealth advisory business model. The new business model will allow financial advisers to serve clients as independent RIAs while maintaining a relationship with a broker-dealer, including access to office space as well as investment products and services. “We’re incorporating all the benefits of the independent space where a rep or adviser owns his or her client, doesn’t have proprietary product pressures and isn’t forced to do business with a certain criteria or clients, and we’re blending that with an office space and some management involvement,” said Gregg Johnson, senior vice president of branch office development and acquisitions for Securities America. Mr. Hughes, who has more than 20 years of experience on Wall Street, will spearhead the transition. Prior to his stint at Morgan Stanley, he worked at Smith Barney. Securities America is the 11th-largest broker-dealer in the country, with annual revenue of $400 million, InvestmentNews data show.

Latest News

Bluespring Wealth snaps up $1.1B New Jersey RIA in fifth deal of 2026
Bluespring Wealth snaps up $1.1B New Jersey RIA in fifth deal of 2026

Synthesis Wealth Planning brings a fivefold asset growth story and a recently merged practice to the Bluespring fold.

Clients expect to know if you use AI, but don’t realize that their portfolios are likely exposed
Clients expect to know if you use AI, but don’t realize that their portfolios are likely exposed

Janus Henderson Investors research reveals demand for transparency, but lack of awareness of AI’s prevalence in the corporate world.

Retirement dream looking more like a luxury as cost-of-living squeezes savings
Retirement dream looking more like a luxury as cost-of-living squeezes savings

New research reveals rising expenses, forced early exits, and a widening gap between how long people live and how long their money lasts.

Advisor moves: LPL, Raymond James, Brighton Jones raid the talent pool
Advisor moves: LPL, Raymond James, Brighton Jones raid the talent pool

Firms continue their quest to attract and retain the best advisor teams.

Most advisors say AI portfolio construction is worth $500 a month
Most advisors say AI portfolio construction is worth $500 a month

A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline