Securities America Nabs CaseSlattery Team

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After seven years with another independent broker-dealer, an Omaha, Neb., team has returned to Securities America.

Financial advisors Shannon Case and Mark Slattery, a team with $130 million in assets under management, moved their practice back to Securities America on June 3, 2013, the independent broker-dealer announced Thursday.

Case and Slattery joined Securities America in 1995. In 1997, the two became affiliated with American National Bank, running the bank’s wealth management program, Slattery told Financial Planning. After eleven years at Securities America they decided to open their own practice and moved their business to the Appleton, Wis.-based independent broker-dealer, SII Investments, he said. CaseSlattery Wealth Partners was founded in Omaha in 2006.

Because American National Bank and Securities America are one another’s biggest customers, when the team decided to form their own firm, they didn’t want to be concerned about any potential conflicts of interest, Slattery said. “At the end of the day, it wouldn’t have been a problem,” he said. “But making that big of a move, we didn’t want to have the risk of something not going well.”

Securities America and SII were both great broker-dealers, and the team had been very happy with both, Slattery added. Part of the reason for moving back to Securities America is the proximity to the headquarters and executive team, he noted. “We loved SII, they’re a great broker-dealer with fantastic Midwestern people, but Securities America is in our backyard,” Slattery said. Not only is that “pretty darn convenient,” he said, “it just seems like we’re a team.”

As such, they are “absolutely thrilled” to be coming back, Slattery’s partner, Case said in video on the firm’s website. “Mark and I have been thinking this over for quite some time,” he said. “We feel it’s the right fit for CaseSlattery –when we look out at the next 20 years, they are the proper partner for us going into the future.”

Part of that future may include practice acquisitions, Slattery said. With more advisors, particularly older Securities America advisors, that may be considering succession planning options in the Omaha area, the move back to their original broker-dealer made sense, he added. “Acquisition may be in our future and that played into our decision to go back.”

And Securities America is happy to have them back. “We never like to see our advisors leave, but we always maintain open communication even after they have left,” said. Gregg Johnson, the senior vice president of branch office development and acquisitions for Securities America, said in a statement. “We are proud to welcome Shannon Case and Mark Slattery back to the Securities America family.”

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