Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Deals & People February 26, 2008
US Fiduciary Forms New Wealth Management Team
US Fiduciary, Inc. (USF) announced that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary’s platform, under the brand Zenith Wealth Management.
Reported by Rebecca Moore
Rawl, President of Zenith Wealth Management, explained in a company announcement that by utilizing USF’s menu of providers, Zenith was able to get started much faster than it would have if Rawl and Tidwell had started it independently.
“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.’ Bob Drake, President and COO of US Fiduciary, said in the announcement.
Additionally, USF announced the win of another major client in the executive and employee benefit space by transitioning the reps of PenCal to USF’s broker/dealer. PenCal brings ten reps and a team of resources to US Fiduciary, and will add approximately $3 million per year to USF’s 2008 revenues with significant expansion planned in the future.
For more information, visit http://www.usfiduciary.com.