Advisor Group Affiliate Lures $420 Million Advisory from NPC
FSC Securities Corporation, an independent broker-dealer and registered investment advisor affiliated with the Advisor Group network, has nabbed Financial Independence LLC – a Detroit-based wealth advisory firm that manages $420 million in client assets. Financial Independence was previously affiliated with National Planning Corp.
Advisory Group is one of the nation’s largest networks of independent financial advisors, and its subsidiary FSC Securities is comprised of more than 1,000 advisors, overseeing $38 billion in total client assets.
“True to our name, we’re committed to helping clients large and small achieve financial independence,” said Financial Independence co-founder and senior partner, Steve Case. “Joining FSC Securities will help propel that goal. Not only does FSC provide a tremendous level of advisor service and support, it also allows us to be flexible in terms of our business model.”
Financial Independence LLC is based in the Detroit metropolitan area, and operates primarily in Southeast Michigan. The firm represents individual and corporate clients, including 4,500 participants and 100 small-company 401(k) plans.
Advisor Group serves nearly 5,000 advisors and oversees approximately $160 billion in client assets. Headquartered in Phoenix, the firm offers securities and investment advisory services through its subsidiaries FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc., and Woodbury Financial Services Inc., as broker-dealers, registered investment advisors and members of FINRA and SIPC.