A registered investment advisor firm in the Midwest is being acquired by Pensionmark, the retirement specialists business of World Insurance Associates.
The firm, Financial Solutions, was founded 30 years ago and has assets under management of approximately $950 million. It will join the World financial services division led by Troy Hammond, CEO of Pensionmark.
“This is a very strategic acquisition for us since we are expanding Pensionmark/World’s presence in the Midwest and we have a strategic focus nationally to expand within the wealth management space in general,” explained Hammond.
Pensionmark was itself acquired by World Insurance Associates in 2022 and its network represents hundreds of advisors and staff across the U.S. with thousands of retirement plan and wealth management clients. Its specialist network includes those focused on defined contribution, defined benefit, terminal funding, not-for-profit, wealth management, and executive/deferred compensation.
Financial Solutions is led by Tim McGrath as managing partner, with partners William Kenton, Kenneth Stuckert and Horace Seely-Brown. It has offices in Waukesha, Wisconsin; New Berlin, Wisconsin; and North Barrington, Illinois.
“Joining a strong growth partner like Pensionmark enables us to further elevate our client experience while simultaneously allowing us to maintain our values, vision and existing team to continue delivering the exceptional service our clients expect,” said McGrath.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
