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.
Wealth management firm has seen an aggressive period of growth in the past year.
Survey reveals widening gap between investment ambition and workforce readiness across the sector
“It’s time for an economic reset,” wrote the California governor, in a post on X.
Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.
One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.
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.
