A network of advisors managing $3.1 billion in assets that previously had custodied with TD Ameritrade and was affiliated with Geneos Wealth Management has switched to using LPL Financial as its broker-dealer and primary custodian, LPL announced Tuesday.
CG Advisor Network, a unit of RIA CG Advisory Services, was founded in 1998 by CEO Anthony J. Mazzali and a group of advisors. It provides a platform and a back-office support system for advisors who are leaving a big firm to work independently.
Headquartered in Haslett, Michigan, CG Advisor Network now has 74 advisors.
Mazzali said in a statement that the move reflects CG Advisor Network’s efforts to make its advisors’ lives easier.
“We’re constantly striving to build the kind of future-proof platform that helps advisors eliminate back-office, technology and investment management burdens so they can spend more time where it really matters — growing their business,” he said. “LPL has a very good understanding of the advisor as a client and will help make us only stronger in this endeavor.”
“We will remain multi-custodian, with LPL being the primary custodian in our search for the best partner in the custody space,” Mazzali added.
"I just feel like I can get a lot further [by] opening a 529 account," said one respondent to the BabyCenter survey on Trump accounts.
UBS data show American net worth is shifting from property to cash and funds faster than in seven other wealthy nations.
RBT CPAs combination lifts assets at UHY's fledgling RIA unit more than tenfold in the firm's first year.
Financial services trade groups back new authority letting mutual funds pause suspicious redemptions from vulnerable investors
A $141M judgment and a federal asset freeze collide over one shrinking pool
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
