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2012 AUM 43 billion 2011 AUM 391 billion AUM per Advisor 256 million

Securities America RIA Adds Firm With $565 Million in Assets

Jon Goldstein, the founder and CEO of Goldstein & Associates, said the firm was joining Arbor Point Advisors to broaden opportunities for clients, including expanding the breadth of the firm's tech options.

Goldstein & Associates, a Wisconsin-based wealth management firm with six advisors and $565 in client assets, is joining Arbor Point Advisors, which provides the advisory services of Securities America.

According to Gregg Johnson, the executive vice president of branch office development and acquisitions at Securities America, advisors acquired by Arbor Point have the chance to adopt a hybrid business model by affiliating with Arbor Point and Securities America, or can join as an RIA-only advisor with Arbor Point or Securities America Advisors, the company's other corporate registered investment advisor; Goldstein & Associates are joining as a hybrid.

“Through Arbor Point, they have full access to a powerful advisory platform, industry leading technology, oversight and compliance support provided by a corporate RIA structure, and their choice of highly recognized custodians,” Johnson said.

Arbor Point Advisors has nearly $4 billion in advisory assets, with more than $1 billion of those assets added within the past year (Securities America has about $97 billion in total client assets and 2,600 independent advisors). Arbor Point enables advisors to use different custodians, serving hybrid advisors who want to operate their own firms while minimizing operational and compliance constraints. In March, Arbor Point added Syntegra Private Wealth Group, a St. Louis-based firm with six advisors and $459 million in assets.

According to founder and CEO Jon Goldstein, technology was also a chief reason the firm is joining Securities America, saying clients had been calling for “up-to-date online and mobile technology,” while the firm’s CFO and Practice Manager Andy Peters spoke about the growth opportunities the deal could afford them.

“By expanding our retirement planning services to also encompass tax-related issues, education, estate, insurance and small business planning, and charitable giving and business exit strategies, our team is positioned well to assist clients,” he said.

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