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United Advisors Adds Kevin Hughes to Head New Hybrid Independent Wealth Advisory Model

January 30, 2014

NEW YORK --(BUSINESS WIRE)-- Investment advisory firm United Advisors and independent broker-dealer Securities America are pleased to announce the addition of Kevin Hughes as a managing partner of United Advisors Private Client Group . Formerly of Morgan Stanley, Hughes was the branch manager of the $2 billion in assets office in Great Neck . "The addition of Kevin Hughes’ leadership to United Advisors Private Client Group provides a launching pad for our unique wirehouse recruiting model," said Mark Penske , United Advisors chairman. "The experience, expertise and relationships Kevin brings as the managing partner of UAPCG are the catalyst for this new venture." Hughes joins United Advisors with more than 21 years of Wall Street experience. Formerly of Smith Barney , Hughes joined Morgan Stanley in June 1998 and was in his 16th year at the combined company where he served as a first vice president, a financial advisor, assistant branch manager, acting branch manager, complex business development officer and branch manager. “My years of experience of listening to the concerns of my fellow financial advisors have culminated in creating this hybrid independent and wirehouse model that allows financial advisors to be properly compensated while placing their clients first, and also avoid the professional isolation of going it completely alone,” Hughes said. “Our unique model allows advisors to maintain the office structures and geography they are used to, working under a unified branch identity, while operating on a completely independent platform. Advisors will be completely independent but able to network, partner, train and share ideas with other branch advisors while gaining supportive, open access to the dedicated management and resources available from United Advisors , Securities America and Ladenburg Thalmann.” Hughes joins Marcus Wacker as a managing partner for United Advisors Private Client Group . Wacker, also formerly of Morgan Stanley and Smith Barney , joined United Advisors in November 2010 . United Advisors , a privately owned financial services company, provides wealth management services to individual investors and back-office support/consulting to other wealth management firms. United Advisors is proud to be among the dedicated group of financial services companies who have adopted the ISO 9001:2000 quality standard. Headquartered in Omaha, Neb. , Securities America is one of the nation’s largest independent broker-dealers with more than 1,700 independent advisors responsible for $50 billion in client assets. Securities America Financial Corp. is a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS). United Advisors , a privately owned financial services company, provides wealth management services to individual investors and back-office support/consulting to other wealth management firms. Securities offered through Securities America, Inc. , a Registered Broker/Dealer, Member FINRA/ SIPC , Kevin Hughes , Registered Representative. Advisory services offered through United Advisors, LLC , Kevin Hughes , Investment Advisor Representative. United Advisors, LLC is not affiliated with Securities America, Inc. United Advisors, LLC Jaclyn A. Sandler , 516-474-0924 Vice President | Business Services admin@uawealth.com Source: United Advisors, LLC


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Source: Business Wire


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