Kingswood Wealth Advisors and CG Financial Services have announced significant leadership changes as both firms position themselves for continued growth.
Kingswood Wealth Advisors – a subsidiary of Kingswood US, which oversees more than $15 billion in global client assets – has named Scott Poore as its new chief investment officer.
A 22-year industry veteran, Poore previously served as CIO of Eudaimonia Group, which merged with Kingswood in 2023. He joined Eudaimonia in 2019, before which he served directorial roles at B. Riley Wealth Management, Wunderlich Securities, and Morgan Keegan.
Eudaimonia’s asset management services now operate as a shared resource for all Kingswood advisors. In his new role, Poore will oversee the firm's newly rebranded Kingswood Eudaimonia Asset Platform, which provides advisors access to 40 portfolios designed to accommodate various risk tolerances, time frames, and investment goals.
"Scott's more than two decades of investment industry experience and tremendous success running his firm's asset management program, including its exceptional TAMP, will be an incredible asset to our leadership team, ”Michael Nessim, CEO of Kingswood US, said in a statement on Wednesday.
"By adding our investment platform to Kingswood and leveraging my experience, we hope to elevate the investment management tools available to advisors to a level where the advisor can deepen their relationship with the client," Poore added.
Separately, CG Financial Services, which functions as an OSJ for LPL, revealed it has hired Scott Hiipakka as president and chief operating officer. Hiipakka brings extensive leadership experience to CG, including his current work serving as a major general in the Michigan Army National Guard.
The RIA, which oversees more than $4 billion in assets across nearly 40 offices nationwide, said it created the role to support its strategic plan for the next decade, including.balancing a regional focus and fostering broader growth.
"Scott will play a key role in guiding CG through its next phase and is tasked with helping CG fulfill its commitment to offer high-touch service to its wealth management clients while maintaining a close connection to the communities it serves," the firm said in a statement on Griday.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
