TAMPA, Fla., April 17, 2012 /PRNewswire/ -- JHS Capital Advisors, a Registered Securities Broker Dealer and Registered Investment Advisor, announced today the successful transition of 70 advisors from its recent acquisition of Paulson Investment Company, Inc. (Paulson). Over the past 15 months, JHS has increased its number of financial advisors to 170 in 55 offices across the U.S resulting in a four-fold increase in client assets to $3.2 billion.
"At JHS, we have always made it our mission to stay true to our core values by placing our clients first," said Scott J. Bendert, JHS President and Chief Executive Officer. "We attribute our exceptional growth over the past year to our relentless commitment to hands-on, personal service and to our unyielding support to our advisors and their clients. The Paulson retail business acquisition is another significant driver of the firm's growth from both a personnel and geographic standpoint. The joining of JHS and Paulson retail business is a perfect example of two firms unified in the vision that the needs and interests of both advisors and clients come first."
"We believe we are uniquely positioned on one side of an emerging dividing line within the industry," said Frank McPartland, Chief Operating Officer of JHS, "between those increasingly using automation, self-service and call centers, versus those committed to the traditions of personalized financial advice where advisors take the time to intimately know their clients' history, family and aspirations. We believe our growth trajectory over the past year shows that advisors across the country are realizing that joining JHS provides them with the ability to spend more time focusing on their clients' needs."
With the continued implementation of the Dodd-Frank Act, many small independent broker-dealers have found it challenging to maintain the costs to comply with the new regulations. "At JHS, we provide fully integrated back office solutions through our central compliance and supervision departments, which allow our advisors to spend their time and resources on client retention and business growth," said McPartland.
"The Paulson retail business acquisition becomes one of the many stories that contribute to the culture of JHS," said Eileen Canady, Vice President of Strategic Development at JHS Capital Holdings. "Each story is unique, each life is different and we believe each one deserves our utmost focus, dedication, and loyalty regardless of the size or scale of the account."
About JHS Capital Advisors
JHS Capital Advisors LLC, a Registered Securities Broker Dealer and Registered Investment Advisor, provides personalized client services for investors nationwide. Founded on a simple code of ethics based on integrity, transparency and full disclosure, JHS's mission is to always put its clients' needs and interests first, and to build a reputation for fostering multi-generational relationships. JHS has an open platform that offers a full suite of financial products and services, enabling greater choice and autonomy for its advisors. JHS clears its brokerage transactions through RBC Correspondent Services, a division of RBC Capital Markets LLC, member NYSE/FINRA/SIPC. Founded in 2009 by John H. Sykes, JHS Capital Advisors is headquartered in Tampa, Florida, and is a subsidiary of JHS Capital Holdings. For more information about JHS Capital Advisors: http://jhscapital.com
SOURCE JHS Capital Advisors