A new RIA firm in Colorado is doing its part to help high-net-worth advisors seeking genuine independence with a bold promise and big ambitions.
Headquartered in Denver, Crusonia Wealth Advisors began operations in June and is supported by Michaud Capital Management, a multi-billion dollar advisory firm.
Founded by industry professionals Zach Pashel, Joseph Michaud, and Patrick Kanouff, Crusonia Wealth Advisors aims to expand access to high-quality investment advice and comprehensive financial planning typically reserved for ultra-high-net-worth clients.
"We're challenging the status quo in an industry saturated with one-size-fits-all solutions and advisors constrained by internal limitations," Michaud, who brings 13 years of experience to the table, said in a statement.
He emphasized Crusonia’s business model that lets advisors avoid promoting proprietary products, enabling them to focus on personalized strategies for clients.
The firm’s name, inspired by a self-propagating plant, reflects its commitment to both preserving and growing wealth. Its offerings include investment management, retirement planning, education funding, tax strategies, and philanthropic advisory services.
Crusonia has already attracted experienced talent. Senior wealth advisors Kelly Elsensohn and David Baysinger have joined the team from WealthSource – which was acquired by OneDigital Investment Advisors in January – bringing backgrounds as certified public accountants and CFP professionals.
"We're cultivating an owner's mentality among our team," said Pashel, co-founder and managing director. "By enabling advisors to participate in the firm's overall growth, we align their interests with those of our clients and the company."
The firm plans to expand its advisory team by the end of 2024, while maintaining a selective hiring process to ensure alignment with its mission.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.
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