Creative Planning announced the acquisition of Lenox Wealth Management, a $600 million advisory firm based in Cincinnati.
Peter Mallouk, chief executive of Overland Park, Kansas-based Creative Planning, described the Lenox business model as mirroring the “values of independence and a financial planning led investment approach.”
“Creative Planning has a substantive presence in Cincinnati already, and with Lenox joining the team, we will be working with hundreds of families in the area with well over a billion in assets,” Mallouk added. “Our goal is to become the number one choice for individuals seeking independent wealth management in Cincinnati and throughout the country.”
John Lame, chief executive officer of Lenox Wealth Management, said joining forces with Creating Planning “will preserve our heritage as fiduciaries, expand our menu of services, and provide the technology and scale for our advisers to provide the best-in-class advice and service available for years to come.”
Creative Planning manages over $50 billion in assets across all 50 states.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
