Securities America, a subsidiary of Ladenburg Thalmann Financial Services, said on Tuesday it recruited 33-year independent brokerage veteran David Pintaric to launch a new practice in Youngstown, Ohio.
William R. Pintaric & Associates, named after the broker’s father, who retired in 2017 after a 48-year brokerage career, will be an office of supervisory jurisdiction, focusing on growth by recruiting other independent brokers, according to the announcement.
Pintaric, who started his career in 1986 as an advisor at his father’s broker-dealer WRP Investments, most recently worked as a national director of sales at SA Stone Wealth Management. WRP was acquired by SA Stone predecessor Sterne Agee Financial Services in 2014, and Pintaric left the company in June after almost five years.
His affiliation with Securities America began in September, according to his BrokerCheck record, prior to Ladenburg’s announcement two weeks ago that it will be acquired by private-equity-firm-controlled Advisor Group in a $1.3 billion deal.
Pintaric, 57, declined to comment on the deal, or whether he thinks it will help with his recruiting into WRP & Associates. Ladenburg is contractually limited on how much it spends on recruiting and retention prior to the expected closing of the Advisor Group transaction in next year’s second quarter.
Pintaric moonlights as a race car driver with Dayton International Speedway as his home track, and spends about 12 securities trading hours per month racing, according to his BrokerCheck disclosure. He has driven in 76 races since 2004 and placed first driving a Cadillac in the 2017 SCCA National Championship Runoffs GT1 standings.
He launched his new firm out of a yen to become an independent entrepreneur again, according to the press release announcing WRP’s launch. He picked La Vista, Nebraska-based Securities America as his broker-dealer because of its “technology, collegial culture and the career and development opportunities it offers for growth-minded advisors,” it said.
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