Three financial advisors have decided to branch out under their own brand having been part of an association of independent wealth managers.
Nick Scheumann, Mark VandeVelde, and Andy Smith are the founding partners of Ever Wealth, a $170 million AUM firm that was previously the team behind the Auburn, Indiana branch of Oak Partners, affiliated with LPL Financial.
For their next chapter, the trio has decided to align with Osaic through Affiliated Advisors, an Osaic office of supervisory jurisdiction which has offices in New York and Minnesota. Affiliated is led by industry veteran Rita Robbins, a member of Osaic’s National Advisory Board.
For Ever Wealth, the decision to be part of Osaic’s growing network was driven by its support structure, tech offering, and product range.
With the use of artificial intelligence rising among financial advisors, Osaic has recently announced a new partnership to bring AI platform Zocks to its advisors, offering automated workflows, streamlined client communications, and deeper insights from client interactions. The Carson Group has also partnered with Zocks.
“We were looking for a partner that could match our ambition and our commitment to excellence while still maintaining a strong sense of flexibility and choice,” said Andy Smith, founding partner of Ever Wealth. “Osaic’s industry-leading technology, expansive product offerings and dedicated support structure gives us the tools and resources we need to continue our tradition of delivering personalized client service–while strategically scaling our business. The connection to the Osaic leadership team materialized quickly and felt authentic, embodying the type of genuine partnership we were seeking.”
Last summer, Dimple Shah, head of corporate strategy at Osaic, joined InvestmentNews anchor Gregg Greenberg to discuss how utilizing team structures can help financial advisors best serve clients and grow their practices.
Despite record plan participation, many workers remain at risk of inadequate retirement savings as Social Security’s future grows more uncertain.
New tie-ups with Advyzon, RightCapital and PreciseFP reflect growing demand for flexible, connected tools.
The recently rebranded Focus Partners Wealth is growing again, this time with a pending deal for a Fairfax, Virginia advisory firm.
The transaction significantly expands the firm's reach and capabilities.
Northern Trust is "absolutely loaded with wealthy clients," one executive said.
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.
