MBM Advisors Separates from Sterling Bank

MBM Advisors has been purchased from Sterling Bank by Donald R. Black, Lindsey A. Black and Robert L. Burnam.

Donald Black will serve as Chairman, Lindsey Black as CEO, and Robert Burnam as President. The three held similar positions with MBM Advisors, Inc., under the ownership of Sterling Bank and will continue to lead the company as an independent advisory firm. As registered investment advisers (RIAs), MBM has global capabilities for investment selection and monitoring, as well as retirement plan design and compliance.

Formed in 1966, MBM Advisors provides investment management and recordkeeping to corporate retirement plans, and has more than $1 billion in assets under management. Donald Black purchased the company in 1981, and helped guide its acquisition by Sterling Bank in 2007.

“Our management team maintains a strong common commitment to provide quality services as both a registered investment adviser and a record-keeper for our clients,” said Black. “We offer our clients investment, administrative, compliance services, and record-keeping solutions. MBM Advisors provides a healthy environment to build retirement wealth for our clients and their employees, in an atmosphere of stability and trust.”