To expand its independent broker-dealer arm, Ladenburg Thalmann Financial Services Inc. has hired a team that had worked for Axa Advisors LLC.

The Miami-based company announced Tuesday that it hired Steven Allison, David Cummings, Doyle Walters, Thomas Skutca and Dayle Scheinman to work for its Investacorp Inc. independent broker-dealer subsidiary as financial advisers.

Allison, Cummings and Walters are the three senior principals of S.R. Allison Ltd., formerly affiliated with Axa Advisors, and will provide wealth management services from their office location in Ft. Worth, Texas.

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