A pair of independent financial advisory firms- Carnegie Wealth Management and Carlyle Wealth Management- have joined the broker-dealer and registered investment advisor platforms of The Strategic Financial Alliance (SFA).
The transition will add $350m in client brokerage and fee-based advisory assets to Atlanta, Georgia-based SFA’s portfolio.
SFA CEO Clive Slovin said: "We are delighted to welcome both Carnegie Wealth Management and Carlyle Wealth Management to the SFA community, and look forward to providing them with the personalized services and innovative, open-architecture investments that will help them grow their businesses and fulfill their clients' long-term financial goals."
Exton, Pennsylvania-based Carnegie Wealth Management offers professional investment consulting services to retirement plan administrators, foundations, corporations and high net worth individuals and families across the nation.
The business includes Roy Johnston as chairman, Matthew Kelly as CEO, as well as three additional support staff members.
"We're enthusiastic about our transition to SFA, with its boutique culture, careful due diligence of investment products, and unique, advisor-owned community,” Johnston said.
Carlyle Wealth Management, with offices in Atlanta and Albany in Georgia, offers highly customised services such as retirement planning, investment planning and insurance solutions for high net worth investors, retirees, and their families. It is run by co-CEOs Sharon Budnik and Alan Anderson, four financial advisors and two professional support staff.
“SFA's team approach with its advisors, and its willingness to discuss complex situations in an effort to find well-conceived opportunities for their clients, has been instrumental in motivating us to transition to SFA," Budnik said.