FAN is an independent hybrid RIA group that supports four independent financial advisory practices with a total of 13 financial advisers. The practices have about $450 million in advisory and brokerage client assets.
Based in the Washington, D.C., area, FAN was co-founded by Chris Cox, Amy Fernicola Williard and Marty Sullens. FAN’s mission is to support fee- and commission-based financial advisory practices that seek to be independent but want to maintain a support network of other advisory firms and administrative resources. Towards this end, FAN provides member firms with compliance supervision services, as well as back- and middle-office support. The FAN support programs are designed to enable independent advisers to maximize their focus on client relationships, the firm says.
FAN’s member advisory practices serve a range of clients across the country, including mass-affluent and high-net-worth individuals, as well as corporations and institutional investors. Its member independent adviser practices are The Monitor Group, of Rockville, Maryland; Wenger Financial Services, of Newport News, Virginia; Legacy Wealth Management, of Mt. Pleasant, South Carolina; and Newcorp Wealth Strategies, of Atlanta, Georgia. All four affiliated practices conduct their fee-based advisory business through FAN’s registered investment advisory (RIA) firm, Maryland Financial Group, Inc.
Cox, who also serves as managing principal of The Monitor Group, says the partnership with LPL “will allow each of our members to operate as independent advisers while maximizing their capabilities to grow, succeed and learn from one another.”
LPL Financial is an independent broker/dealer, a registered investment adviser custodian and a wholly owned subsidiary of LPL Financial Holdings Inc.
More information is available at www.lpl.com.