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Portland, Ore. (Sept. 12, 2019) – Succession Resource Group (SRG) is pleased to announce a strategic alliance between two Massachusetts-based investment advisory organizations: Pension & Wealth Management Advisors (PWM) and Kastel Capital Advisors, LLC (Kastel). The alliance will represent a team of five experienced fiduciary advisors managing more than $150 million in assets under management from individual and institutional clients in 22 states.
SRG began working with Neil McInnis in 2016, completing a business valuation and helping him execute the most effective business continuity plan and growth strategy. In 2019, SRG played an integral role in facilitating a deal through their Seller Advocacy Program whereby George Webb joined PWM as a managing partner, leading to discussions with Kastel regarding a long-term strategic alliance. McInnis and Webb’s focus was finding a partner that was a fiduciary, had the same integrity, and could maintain their excellent client service – Kastel has all of those qualities.
Webb said, “Partnering with Kastel enhances our team with almost 70 years in combined tenure in portfolio and investment management advisory services, successfully addressing the complex and evolving financial needs of our clients.”
According to Drasko Kovrlija, Kastel’s founder, PWM’s experience is compelling in providing comprehensive wealth management services to individual and high-net worth clients. “From our first meeting with Neil and George we were impressed by their breadth of knowledge and their commitment to help their clients succeed.”
McInnis shared, “The evolution of the advisory business can be daunting or rewarding, and who you partner with is a major predictor of that outcome.” Mark Majka, Kastel’s CIO, added, “We believe this partnership will maximize our ability to provide best-in-class wealth management and advisory services and enhance our strong track-record of growth.”
Webb concluded, “SRG provided a quality experience from start to finish. The team has deep industry knowledge and were very effective in managing the process from the initial inquiry through closing.”
About Succession Resource Group
Succession Resource Group is a succession consulting firm specialized in helping RIAs, independent broker-dealer affiliated advisors, and insurance agents value, buy/sell/merge, and develop exit strategies for their business. With decades of combined industry experience, SRG brings a unique combination of skills, turnkey resources, and expertise to help advisors from start to finish.
About Pension & Wealth Management Advisors
Founded in 1994 by Charles A. Ferrone and Neil G. McInnis, Pension & Wealth Management Advisors has been providing investment, retirement, wealth and financial planning to individual and institutional clients alike. As of June 30, 2019, Pension & Wealth Management Advisors had approximately $95 million in assets under management.
About Kastel Capital Advisors, LLC
Founded in 2015 by Drasko Kovrlija, Kastel Capital Advisors is an independent registered investment advisor specializing in providing unbiased and evidence-based advice to individual and institutional clients. As of June 30, 2019, Kastel Capital Advisors had approximately $60 million in assets under management.
David Pan | Marketing & Brand Manager