Each of these business wins are important additions to US Fiduciary. Mark and Charlie's decision to partner with us is significant because it further verifies the role USF plays in unleashing the real value of an FA's business and emphasizes the continued trend of high-end FAs leaving the proprietary product world behind and embracing open architecture and fiduciary responsibility.
Houston, TX (PRWEB) February 25, 2008
US Fiduciary, Inc. ("USF") is pleased to announce that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary's platform under the brand Zenith Wealth Management, adding approximately $2 million to its Houston office. Additionally, USF won another major client in the executive & employee benefit space, by transitioning the reps of PenCal to USF's broker-dealer. PenCal had been the largest producing team at ING's Multi-Financial for the past 10 years, and brings 10 reps and a team of resources to US Fiduciary. PenCal will add approximately $3 million per year to USF's 2008 revenues with significant expansion planned in the future.
Kirk Penland, President & CEO of PenCal, commented, "US Fiduciary's entrepreneurial approach and vision for building businesses is a great fit for Pen-Cal's reps and service offering. USF brings a level of personalization, flexibility and can-do attitude to building businesses that is simply not present in the big firms. Consequently, their service offering and culture is a better fit for a growing business like ours."
Charlie Rawl, President of Zenith Wealth Management, commented, "We were working to pull together all of the things a wealth management firm needs to best serve its clients. We only wish we had found US Fiduciary sooner. Instead of contracting with multiple service and software providers independently, we were able to gain access to our chosen providers a la carte from US Fiduciary's menu. Zenith Wealth Management was able to get up and running much faster than if we had continued to do it entirely on our own."
Bob Drake, President & COO of US Fiduciary, added, "Each of these business wins are important additions to US Fiduciary. Mark and Charlie's decision to partner with us is significant because it further verifies the role USF plays in unleashing the real value of an FA's business and emphasizes the continued trend of high-end FAs leaving the proprietary product world behind and embracing open architecture and fiduciary responsibility." Drake continues, "The PenCal relationship is extremely important to USF, not only because of the recognition it brings to USF but also in the expanded offering that USF can make available to its existing FAs to offer the highly specialized services of one of the leading providers of executive & employee benefit planning in the country."
About US Fiduciary, Inc.
US Fiduciary is a boutique financial services firm focused on serving high-end financial advisors and their high net worth and institutional clients. The company's innovative and integrated offering of Managed Account Solutions, Broker Dealer Solutions and RIA helps financial advisors and financial institutions manage the increasingly complex needs of wealthy clients. For more information, visit http://www.usfiduciary.com.
About PenCal, Inc.
Pen-Cal has been a leader in the design, implementation and administration of executive & employee benefit plans since 1959. PenCal combines aggressive technological innovation with years of experience in the complex arena of benefit consulting, including Deferred Compensation Plans, Supplement Executive Retirement Plans, 415 Excess Benefit Plans, Phantom Stock and other employee and executive benefit programs. With offices in Northern California (headquarters in Pleasanton), Dallas, and Los Angeles, the company provides services to over 1,000 corporations.
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