Omaha, NE (PRWEB) July 24, 2013 -- Carson Wealth Management Group, one of the largest wealth advisory firms in the country, announced today that Caton Financial, a leading independent financial advisory practice in the San Francisco Bay Area, has joined its organization. With decades of experience and $218 million in assets under management (AUM), Founder and veteran wealth manager, Nancy Caton, will transition her business through Carson Institutional Advisory (CIA) while staying in her current office to lead Carson Wealth’s first branch in the region.
CIA’s succession solution provides advisors like Caton with four key services:
• A fair and flexible compensation approach, customized to the advisor
• An unwavering commitment to maintaining clients’ long-term financial well-being and instilling confidence through a natural transition
• A deep bench of expertise, directly leveraging the overall Carson Wealth organization, that allows advisors to scale strategically and serve larger, institutional relationships
• A robust platform of support services, enabling advisors to focus on client relationships, rather than on burdensome HR and other administrative activities
“We’re highly selective in terms of the advisors we work with,” said Ron Carson, Founder and CEO of Carson Wealth Management Group. “Nancy shares the same values and priorities in terms of client relationships and providing solutions, rather than having a product and transactional focus. She’s built an amazing business with an emphasis on trust, transparency and accountability.”
Caton was an advisor with Raymond James for 23 years. She has committed to stay on for a minimum of five years with Carson Wealth to ensure a smooth and seamless succession plan, and has the flexibility to remain for as long as she chooses. By merging with Carson Wealth, Caton can begin to transition her clients to an associate advisor that she will help select.
“Ron truly gets the challenges facing financial advisors who have a priority interest in the long-term welfare of their clients and who have struggled to find an exit strategy that would fairly compensate them for the businesses they’ve built,” said Caton. “Merging with Carson Wealth allows me to continue serving my clients and focus on what I love and do best — build relationships and provide financial advice — while eliminating the administrative headaches.”
Once clients have been converted to one of Carson Wealth’s 12 investment strategies, they will experience a decrease in overall cost along with enhanced transparency.
“We’re able to handle a lot of things in-house, which keeps our costs down and translates into substantial savings for advisors and their clients,” said Carson.
As with all Carson Wealth advisors, Caton Financial provides a combination of advisory and brokerage capabilities to serve clients’ comprehensive needs.
“Carson Wealth’s broker-dealer and primary custodian, LPL Financial, provides a uniquely effective platform and support for hybrid RIAs like Caton Financial, whose business mix is 75 percent advisory and 25 percent brokerage services,” Carson said. “We’re pleased to be aligned with a leading independent broker-dealer and custodian, and are grateful to LPL Financial for the recruiting resources and support the company provided in our partnership.”
CIA also provides advisors like Caton with a new industry-leading communications platform, including innovative technology such as an interactive iPad app and a client communications interface. Ron Carson launched CIA in October 2012 to provide advisors with a customized suite of services, including succession planning.
About Carson Wealth Management Group
Carson Wealth Management Group is based in Omaha, NE and was founded in 1983 on traditional values: hard work, loyalty, uncompromising quality, and personal service. The firm oversees $3.2 billion in client assets. Barron’s has ranked Ron one of the nation’s top 10 advisors for the last five years. In addition to his planning practice, Ron is recognized as one of the country’s top trainers for financial advisors. He has shared his success principles, as documented in his book, Tested in the Trenches: A 9-Step Plan for Building and Sustaining a Million-Dollar Financial Services Practice and its revised 2nd edition, Tested in the Trenches: A 9-Step Plan for Success as a New-Era Advisor, with audiences worldwide. Ron co-authored the New York Times best-selling book Avalanche: The 9 Principles for Uncovering True Wealth and the blueprinting process that goes with it. Together, these tools help advisors learn how to clarify their mission, vision, and values by setting business and life goals. For more information, please visit http://www.carsonwealth.com.
About Carson Institutional Advisory
Carson Institutional Advisory delivers a customized partnership for client-centered, solution-focused and growth-minded advisors serving investors. Our partners leverage the turnkey, investment management, financial planning and communication solutions of Carson Wealth’s team, which was ranked seventh in Barron’s 2013 Top 100 Financial Advisors. These resources include a revolutionary interactive app for advisors, marketing and PR programs, client communications tools, process-driven investment strategies and built-in scalability and cost advantages — enabling advisors to simplify and grow their business, gain positioning power and create a succession solution, all while maintaining their autonomy and equity. For more information, please visit http://www.carsoninstitutional.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer,* a top RIA custodian, and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,300 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 2,900 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit http://www.lpl.com.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC
Carson Institutional Advisory
Minna Burns, Carson Institutional Advisory, http://www.carsoninstitutional.com/, (402) 614-2958, [email protected]