On July 21, 2014, Securities America announced that it had made a deal, to acquire Sunset Financial Services, a broker dealer owned by Kansas City Life Insurance Co.
Sunset Financial has about 268 registered representatives and $2.4 billion in client assets. According to The Investment News, Sunset’s brokers are low producers , averaging about $67,000 a year in commissions and other revenue. Sunset FInancial will cease operations and the accounts and brokers will transfer to Securities America.
Earlier this month, Securities America, a subsidiary of Ladenburg Thalmann Financial Services, Inc. announced the acquisition of Dalton Strategic Investment Services, a broker dealer with 60 registered representatives.
If you have questions about the way your brokerage account has been handled or about how to recover investment losses due to the negligence or fraud of a stockbroker or broker dealer, call to speak with an experienced securities lawyer.
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