Two Hartford, Connecticut-area hybrid advisory firms, ClearGuidance Financial and Gottfried & Somberg Wealth Management, will merge and operate under the Gottfried & Somberg Wealth Management name. Jointly, the firms manage $1.4 billion in assets.
Both ClearGuidance Financial, a woman-owned firm based in Farmington, Connecticut, and Gottfried & Somberg, based in Glastonbury, use Commonwealth Financial Network as their broker-dealer.
Gottfried & Somberg was founded in 1999 by Joshua Gottfried and Matthew Somberg. ClearGuidance was founded by Barbara Taylor and Terran Titus.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
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.
