Welcome to Financial Advisor IQ

Ladenburg Subsidiary Recruits $180 Million Practice from Ameritas

By Alex Padalka February 7, 2019

A wholly-owned subsidiary of Ladenburg Thalmann Financial Services focused on expanding its roster of tax-focused wealth management teams has recruited a financial advisor practice in New York, Ladenburg says.

Saratoga Springs, N.Y.-based Retirement Planning Group, led by Dave Kopyc, has joined Knoxville, Tenn.-based Securities Service Network, according to a press release from Ladenburg. RPG’s three advisors, insurance coordinator and two support staff oversee around $180 million and specialize in tax planning and tax reduction strategies and insurance services for pre- and post-retirement high net worth clients, Ladenburg says.

For the past year, SSN has been investing in development of education and analytical tools aimed at tax-focused advisors, according to the press release.

SSN now supports more than 330 independent financial advisors overseeing around $13 billion around the country, Ladenburg says.

“We affiliated with SSN because it combines the best of a boutique service culture with high-touch advisor support, incredible access to the firm’s senior leaders and a friendly approach to the corporate RIA,” Kopyc says in the press release. “SSN is also uniquely positioned to support my practice’s efforts to reinforce our holistic capabilities that orient around tax and insurance expertise with sophisticated financial planning.”

Kopyc had been affiliated with Ameritas Investment Corp. from 2008 until the end of last year, according to BrokerCheck.

Ladenburg’s subsidiaries have made several new hires in recent months. In January, Ladenburg’s wholly-owned subsidiary Triad Advisors lured a retirement plan-focused practice from LPL.

In November, Triad snatched an $850 million practice from Wells Fargo.

And Ladenburg-owned subsidiary Securities America poached two financial advisors from Cadaret, Grant & Co. in October.