Cetera Financial Group, a financial advisor wealth hub, has announced that Mike McCormick, operating as Southshore Wealth Management, has joined Cetera Advisor Networks via Summit Financial Networks. McCormick, who previously worked with Ameriprise, brings with him over $151 million in assets under administration as of May 1, 2024.
McCormick expressed his enthusiasm for joining Cetera, highlighting the firm’s independence and top-tier marketing and technology capabilities. “Finding the Summit community was really the cherry on top,” McCormick said. “I’ve been so impressed with the concierge-level service and support during my transition period – and I look forward to utilizing that same support in my day-to-day business.”
Marshall Leeds, president of Summit Financial Networks, welcomed McCormick to the team. “I’m proud to welcome an experienced and respected advisor like Mike to our community,” Leeds said. “I am confident he will continue to grow his already thriving practice under our unique model to the betterment of his clients. I look forward to seeing how we work together moving forward."
With 27 years of industry experience, McCormick holds Series 7, Series 63, and Series 65 registrations, as well as a Florida Health & Life Series 215 registration. Southshore Wealth Management, based in Sun City Center, Florida, is known for providing dedicated, responsive service, strategic advice, and financial education to its clients, according to a news release.
Outside of his professional life, McCormick is actively involved in his community, participating in charity events such as Hooked on Hope and Boys and Girls Club activities. He has also participated in Bike MS, riding between St. Augustine and Daytona, Florida, to support multiple sclerosis research.
Cetera Financial Group serves over 12,000 financial professionals and oversees more than $505 billion in assets under administration and $213 billion in assets under management as of March 31, 2024. The firm is committed to providing independent financial advisors and institutions with innovative solutions and support for growth, scale, or transition.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
