FORT LAUDERDALE, Florida., January 28, 2021 /PRNewswire/ — Associated Financial Consultants & Investor Services (Associated), a South Floridaindependent wealth management firm founded in 1972, today announced the addition of patrick farrell and Marc Arnaud to his team as financial advisers. Mr. Farrell, the former CEO of Investacorp, an independent brokerage, and Mr. Arneaud, the former Chief Compliance Officer of Investacorp, have a combined 54 years of experience building and growing businesses in the industry of wealth management, with an extensive network of strategic relationship advisors across the country.
Associated was previously affiliated with Investacorp for 31 years, as one of the broker-dealer’s five largest independent offices nationwide. Associated moved to Securities America as part of Investacorp’s consolidation into Securities America in the second half of last year. The addition of the former CEO and CCO of Investacorp to Associated is part of the company’s continued rapid growth, having reached $1 billion of assets under management in its wealth management and employer-sponsored pension divisions.
Mr. Farrell said, “I have had the pleasure and privilege of supporting Associated’s growth and success over the years as CEO of the company’s broker and RIA. Marcus and I got to know the management team and financial advisors. very well, and in many ways our decision to join Associated was a natural and logical next step. We are excited to leap into a segment of the industry that continues to grow rapidly, as part of a highly successful company that is well positioned for continued expansion in the years to come. »
“We see an opportunity to add to the success of the team in a variety of ways,” Arneaud said. “From a client perspective and the successful operation and growth of a full-service independent broker and corporate RIA over the years, we bring experience, contacts and additional intellectual power to Associated.”
Both additions come on the heels of Associated adding a $125 million Principal’s team of two veteran advisers (former Miami Dolphins security adviser turned adviser, Shawn Woodand pension specialist Travis Roane), a director of group benefits (Logan Mondshein) and five staff members (two of whom were previously with Investacorp) in 2020.
“It says a lot that we continue to see exponential growth at Associated,” the company’s president said. Paul Vladem noted. “Two senior independent brokerage executives with unparalleled experience in building and growing wealth management businesses choosing to partner with our firm is an exceptional opportunity for our organization. Not only do Pat and Marcus add tremendous value to our talented team, they will also bring it to our customers.We are positioned for continued growth for many years to come.
The company has a total of 36 employees in five distinct service groups. Paul Vladem heads the Wealth Management Department (since 1989), Steve Fraidstern Head of the Employer-Sponsored Retirement Plans Division (since 1981), Logan Mondshein has been leading the benefits division since the sudden death of his longtime associate Marc Weiss in 2020 and Evan Vladem heads the Sports & Entertainment division (since 2017). The firm also includes a life, disability and long-term care insurance division.
ABOUT ASSOCIATED FINANCIAL ADVISORS AND INVESTOR SERVICES
Associated Financial Consultants & Investor Services is an independent financial services company that was launched in South Florida in 1972. Over the past 40 years, the firm has built a reputation as a leader in the areas of wealth management, investments, employer-sponsored pension plans, employee benefit plans and insurance.
In addition to wealth management, the firm has become a major player in the design, administration and implementation of employer pension plans and employee benefit plans. The firm is composed of a third internal administrator. For more information visit www.AFC-AIS.com
EVAN D. VLADEM954-242-7908, [email protected]
FREDDIE ORDONEZJD, MBA, 954-662-3705, [email protected]
SOURCE Associated Financial Consultants and Investor Services