SII Investments, Part of NPH Network, Recruits JLM Financial and Capital Investment Advisers

Business Wire

APPLETON, Wis.--(BUSINESS WIRE)-- SII Investments, Inc.^® (SII), a broker-dealer in the National Planning Holdings^®, Inc. (NPH) network, the nation’s fourth-largest independent broker-dealer network¹, today announced that it will provide advisory platform and investment services support for independent firms JLM Financial (JLM) in Bridgewater, New Jersey and Capital Investment Advisers in Long Beach, California.

“We’re delighted to welcome JLM Financial and Capital Investment Advisers back to SII,” said Todd Kinart, president and chief executive officer of SII. “The newly enhanced platforms and resources we offer provide a wide range of advantages to support financial institutions and help them meet the evolving needs of their clients. We’ve always believed in keeping lines of communication open for advisors in the industry, and look forward to once again working with these firms in their return to our network.”

With a focus on creating dependable income streams, JLM provides retirement and estate planning and related investment and wealth management solutions to retirees and pre-retirees. Led by Gerald Jay LaMalfa, the firm has $120 million in commission- and fee-based advisory client assets under management (as of Aug. 1, 2016)..

“I’m very pleased to have made the transition back to SII,” said LaMalfa. “One of SII’s key strengths is the personal bonds cultivated there, as well as the exceptional responsiveness, stability and continuity of their organization. I’m also excited about the outstanding technological capabilities that NPH has implemented across their network, which will assist us in managing our day-to-day operations.”

Capital Investment Advisers is a financial planning and investment management firm that specializes in retirement planning. With more than $100 million in assets under management (as of Aug. 1, 2016), Capital Investment Advisers is led by Emerson J. Fersch, who said he believes in taking a hands-on approach to financial guidance, serving as not only a financial advisor, but also as an educator and coach for his clients.

“Returning to SII will significantly improve our efficiency and provide greater freedom and flexibility to focus on our clients, knowing our practice management needs are met,” said Fersch. “In addition to the ease of doing business with SII, and the support of their technological improvements that include Advisor Dashboard and WealthONE investment solutions platform, we appreciate their expert staff, strong product due diligence and sharp focus on compliance in such a complex regulatory environment.”

Scott Romine, president and chief executive officer of NPH, expressed his gratitude that both LaMalfa and Fersch decided to return to SII and NPH based on the high quality of professional support from the network.

“We’re excited that Jay LaMalfa and Emerson Fersch have returned to the SII and the NPH organization,” said Romine. “Our platforms and resources offer a wide range of advantages that will enhance their businesses and provide attractive wealth management solutions to help their clients achieve their financial goals. We look forward to working with Jay and Emerson, and their colleagues, to deliver the benefits of independence and personalized support which we are confident will help their businesses prosper and grow.”

For more information about the four independent broker-dealers in the NPH network, please visit: nationalplanningholdings.com.

About National Planning Holdings, Inc.

National Planning Holdings, Inc. (NPH) is a broker-dealer holding company and an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company^® (Jackson^®). NPH serves as the holding company for the independent broker-dealers INVEST Financial Corporation, Investment Centers of America, Inc., National Planning Corporation and SII Investments, Inc. Collectively, the NPH broker-dealer network currently has 3,428 registered representatives (as of December 31, 2015). NPH and Jackson are wholly owned by Prudential plc (NYSE: PUK), a company incorporated in England and Wales. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

This press release may contain certain statements that constitute “forward-looking statements.” Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. Any forward-looking statements reflect NPH’s views and assumptions as of the date of this press release and NPH disclaims any obligation to update forward-looking information.

Securities and advisory services offered through SII Investments, Inc. (SII), Member FINRA/SIPC, a Registered Investment Adviser. JML Financial, Capital Investment Advisers, Inc. and SII are separate and unrelated companies.

¹ Southwood, D. and Zhu, E. (2015). How the Biggest Independent Broker-Dealer Networks Stack Up: Ranking Five Big IBD Networks by Reps and Revenue. InvestmentNews. May 2015.