First Allied Securities, a Cetera Financial Group Firm, To Provide Broker-Dealer and Registered Investment Advisory Services to Sawchuk & Langenstein Wealth Strategies Team

SAN DIEGO, Oct. 21, 2015 /PRNewswire/ -- First Allied Securities ("First Allied"), an independent broker-dealer and registered investment advisor with Cetera Financial Group, a leading network of independent broker-dealer firms, announced today that it will provide broker-dealer and, through its affiliate First Allied Advisory Services, registered investment advisory services to advisors with Sawchuk & Langenstein Wealth Strategies ("Sawchuk & Langenstein"), which provides both fee- and commission-based wealth management advice. As of June 30, 2015, the Sawchuk & Langenstein team had $132 million of client assets under management.

Based in Troy, Michigan, the Sawchuk & Langenstein team is led by veteran advisors Terry Sawchuk and William Langenstein, each with over 25 years of financial services industry experience. Founded in 1997, the practice is dedicated to helping clients plan for and pursue a financially successful retirement, as well as pursue and protect wealth for future generations. The team serves a client base primarily of middle- to higher-income earners in the Detroit metropolitan area, as well as across the country. Sawchuk & Langenstein provides a comprehensive range of services including retirement income planning and implementation, investment management, insurance planning and implementation, portfolio reporting, and risk modeling and mitigation. They also provide risk-minded investment management along with tactical investment recommendations based upon their own research and algorithmic market analysis. In addition to its two principals, the team also has three professional support staff. 

Kevin Keefe, President and Chief Executive Officer of First Allied, commented, "We are pleased to welcome the Sawchuk & Langenstein team to First Allied. Terry and Bill have carefully focused on their target market, serving the retirement planning needs of a conservative, middle-American, middle-market clientele. As part of First Allied, the Sawchuk & Langenstein team can benefit from the close, personal attention that First Allied offers its advisors, while leveraging the size, scale and exceptional resources made available through Cetera Financial Group. We look forward to helping Sawchuk and Langenstein achieve their business objectives as they assist their clients with their long-term financial goals."

Terry Sawchuk, Founder and Chairman of Sawchuk & Langenstein Wealth Strategies, said, "We are delighted to join the First Allied platform and benefit from the advantages of being part of the Cetera network.  As a broker-dealer, we found First Allied to be in a sweet spot in terms of size: small enough to nurture personal relationships with its affiliated advisors, yet part of a larger group to bring scale to the breadth of services it offers. We were particularly impressed with their excellent practice management support services, including Wealth Management University, as well as their business consulting services. As we steer our firm towards a greater emphasis on fee-based advisory services – to become evenly split between advisory and commission-based services – First Allied's platform is well-suited to help us meet our objectives."

In addition to their client financial planning services, both Sawchuk and Langenstein became known as co-hosts of the local radio station WJR Radio's "Wealth Strategies" program, which ran for more than seven years. They currently seek to grow their business by adding an additional support professional in order to remain focused on their current market niche as they continue developing an expanded client base. 

About Sawchuk & Langenstein Wealth Strategies

Based in Troy, Michigan, Sawchuk & Langenstein Wealth Strategies is dedicated to helping its clients plan for, and achieve, a financially successful retirement. Its services include retirement income planning and implementation, macroeconomic and demographic analysis, investment management, insurance planning and implementation, portfolio reporting, and risk modeling and mitigation. Dedicated equally to planning and investing, the firm focuses on managing risk and constructing customized portfolios for its clients, employing a sophisticated algorithm to build and manage its model portfolios. Founded in 1997, the firm now serves more than 400 clients and manages $132 million of their assets as of June 30, 2015. 

About First Allied

Based in San Diego, First Allied serves as the firm of choice for accomplished independent financial advisors from across the nation who seek to grow their businesses. Our exclusive business development platform has been expertly constructed to provide entrepreneurial financial advisors with one of the most comprehensive platforms for growth in the industry. First Allied is part of Cetera Financial Group®, the leading network of independent broker-dealers and retail financial advice platform for RCS Capital Corporation (NYSE: RCAP), a full-service investment firm expressly focused on the individual retail investor.

First Allied offers securities through First Allied Securities, Inc., a registered broker/dealer, member FINRA/SIPC. Advisory services are offered through First Allied Advisory Services, Inc., a registered investment adviser. For more information, please visit firstallied.com.

About Cetera Financial Group

Cetera Financial Group is the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP). It is comprised of ten firms – four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, The Legend Group, Summit Brokerage, VSR Financial Services and Girard Securities. The platform is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to approximately 9,500 independent financial professionals and over 600 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their unique needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.ceterafinancialgroup.com.

About RCS Capital

RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, investment banking, capital markets, investment research, investment management and crowdfunding and, until the completion of a recently announced pending sale, wholesale distribution, RCS Capital's business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at www.rcscapital.com. RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

Important Notice

The statements in this press release include statements regarding the intent, belief or current expectations of First Allied, Cetera Financial Group and RCS Capital Corporation and members of their respective management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in RCS Capital's filings with the SEC, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and none of First Allied, Cetera Financial Group and RCS Capital Corporation undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Media Contacts:

Joseph Kuo
Haven Tower Group
Tel: 424.652.6521
[email protected]

Matthew Griffes
Haven Tower Group
Tel: 206.402.5853
[email protected]

SOURCE First Allied Securities

Related Links

http://www.firstallied.com