Atria Wealth Solutions has added another affiliate to its network via its Cadaret Grant subsidiary.
OPOC is based in Worthington, Ohio, and provides retirement plans and services such as health care and benefits, HR, payroll, and corporate wellness solutions to employers and organizations across the United States. OPOC is an acronym for "One Point of Care."
The firm was previously affiliated with Osaic’s Securities America and manages nearly $350 million in client assets with a team including German "Alex" Cabrera, John Crow, David Lawler, Clark May, and Carl Swanson.
Head of retirement plans and investments, Edward "A.J." Sommer III, said that the decision to switch to Atria and Cadaret was their understanding of the challenges and complexities of clients’ needs.
“It was evident in their approach to technology and how it is used to engage and meet the needs of our clients,” he commented. “They understand each client is different and it is essential to have a robust set of solutions to meet those needs. And most importantly, Atria understands this is a people business — it’s all about people and building real relationships. It’s clear they approach the business in a different way — a way that’s all about true partnership.”
Atria Wealth Solutions has a network of almost 2,700 financial professionals managing around $120 billion for clients.
The firm grew substantially at the end of the summer when firms managing $16 billion were acquired by the holding companyy,including Grove Point Financial which added $15 billion in assets under administration and 400 independent financial advisors to the network. It became a wealth management subsidiary of Atria alongside CUSO Financial Services, Sorrento Pacific Financial, Cadaret Grant, NEXT Financial Group, Western International Securities, and SCF Securities.
“OPOC’s decision to join the Atria family is yet another example of the success we are having with financial professionals choosing our firm because they recognize our unique ability to help the most complex, successful businesses thrive,” said Kevin Beard, Atria’s chief growth officer and one of its founding partners.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
