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Deals & People June 15, 2009
Planning Alternatives, Oakland Wealth Management Merge
Two Oakland County-based, independent investment advisory firms have combined operations, creating what the firms say will be a 'leading investment advisory firm' in Southeastern Michigan, according to a joint announcement.
Reported by Ellie Behling
Planning Alternatives, Ltd., of Bloomfield Hills, and Oakland Wealth Management of Southfield will continue under the established name of Planning Alternatives, Ltd.
Nathan Mersereau, founder of Oakland Wealth Management, will assume the position of managing partner at the new entity. Planning Alternatives’ principals Edwin Shaw and William Vanover will continue to serve as founding partners.
The expanded Planning Alternatives now has approximately $375 million under advisement and provides strategic consulting services to clients in 26 states, the announcement said.
Shaw and Vanover began Planning Alternatives in 1982; Mersereau formed Oakland Wealth Management in 2004 after 10 years in the financial consulting industry.
More information is available at www.planningalt.com.