Trilogy Financial Services, a Huntington Beach, California-based hybrid managing $3 billion, has acquired E. F. Heagan & Associates of San Juan Capistrano, California, and Mandichak Investment Retirement & Estate Planning, of Laguna Niguel, California.
Terms of the acquisitions were not disclosed.
The two firms add $160 million in assets under management to Trilogy’s total and brings more than 500 new clients.
Ed Heagen started his firm in 1984 and has built a multigenerational financial services practice. Joseph Mandichak, a financial planner for more than 20 years, helps his clients navigate investment planning, generational wealth planning and retirement planning.
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Some in the industry say that more UBS financial advisors this year will be heading for the exits.
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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.
