Two Connecticut hybrids to merge, creating $1.4 billion firm

Two Connecticut hybrids to merge, creating $1.4 billion firm
The two Hartford-area firms, ClearGuidance and Gottfried & Somberg, will operate under the latter's name.
JUN 04, 2021

Two Hartford, Connecticut-area hybrid advisory firms, ClearGuidance Financial and Gottfried & Somberg Wealth Management, will merge and operate under the Gottfried & Somberg Wealth Management name. Jointly, the firms manage $1.4 billion in assets.

Both ClearGuidance Financial, a woman-owned firm based in Farmington, Connecticut, and Gottfried & Somberg, based in Glastonbury, use Commonwealth Financial Network as their broker-dealer. 

Gottfried & Somberg was founded in 1999 by Joshua Gottfried and Matthew Somberg. ClearGuidance was founded by Barbara Taylor and Terran Titus.

Latest News

GPB, the priest and a get out of jail card
GPB, the priest and a get out of jail card

Just how much does it cost for a financial advice exec to stay out of prison?

St. Louis pension fund sues FS/KKR advisor over alleged excessive fees
St. Louis pension fund sues FS/KKR advisor over alleged excessive fees

The advisor both prices FSK's private loans and gets paid on those prices, the suit claims

SEC moves to make electronic delivery the default for investor disclosures
SEC moves to make electronic delivery the default for investor disclosures

The proposal would end decades of paper-first delivery rules, but keeps a paper opt-out and draws early praise from fund and annuity industry groups.

Trump accounts could encompass every US family, 70 million children, says IRS chief
Trump accounts could encompass every US family, 70 million children, says IRS chief

The Trump accounts are “generationally changing” and bring financial literacy to youth, said IRS chief Frank Bisignano.

Creative Planning bolsters commercial insurance arm with Lovell deal
Creative Planning bolsters commercial insurance arm with Lovell deal

The Kansas-based RIA giant's latest purchase extends a run of specialized acquisitions that has defined its growth strategy through 2026.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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