BETHESDA, Md., Nov. 15, 2019 /PRNewswire/ -- Seventy2 Capital Wealth Management, a fast growing, independent wealth management practice, announced today that it has acquired Creative Benefit Concepts (CBC), a provider of corporate and nonprofit retirement plan and succession planning strategies.
CBC was founded in 2001 by Kerry Hemphill, AIF®, LUTCF®, with the mission to develop and implement strategies that promote business success and personal financial security for corporations, business owners and their employees. CBC managed over $90mm in retirement assets (as of 9/30/19.) Kerry joined Seventy2 Capital as a Vice President.
Paul Carlson, Partner and Co-founder, believes this deal will substantially increase Seventy2 Capital's capacity in the growing market for 401(k) and 403(b) advisory services. "We are thrilled to have Creative Benefits Concept and Kerry Hemphill join Seventy2 Capital. We saw a unique opportunity to partner with a veteran and specialist in the corporate retirement planning industry. I feel this acquisition will meaningfully increase our ability to help plan sponsors meet their fiduciary responsibilities while supporting them in helping employees save for retirement."
Kerry has over 38 years of experience in the financial services industry. He has also served as the Golf Committee Chairman for Hero Dogs raising thousands of dollars to provide injured and/or disabled veterans with service dogs since the nonprofit was founded in 2011.
"I'm excited to be a part of a team that has expertise in both wealth management and 401(k) retirement plans. Joining Seventy2 Capital gives me access to a platform of resources that will benefit my clients. I'm also looking forward to mentoring a talented team of young advisors and helping build upon their success as retirement plan advisors."
About Seventy2 Capital Wealth Management
Seventy2 Capital Wealth Management is an independent, private client practice. Its principals have over 135 years of combined experience at some of Wall Street's largest firms. Our advisors specialize in addressing the unique needs of Fortune 500 executives, successful individuals and affluent families, and small to medium-sized businesses. Seventy2 Capital's commitment to maintaining the highest standards of care and professionalism in serving clients has earned its advisors some of the most advanced designations including the CIMA®, CFP®, CAIA®, CRPC® and CRPS® and national industry awards. Seventy2 Capital has also been recognized as one of the 2019 Best Places to Work in the Greater Washington Area by the Washington Business Journal. To learn more, visit Seventy2 Capital.
About Wells Fargo Advisors Financial Network
For 18 years, Wells Fargo Advisors Financial Network, the independent brokerage arm of Wells Fargo & Company has simplified independence by partnering with successful financial advisors and fostering a mutual passion for doing what's right for clients. As of January 1, 2019, Wells Fargo Advisors Financial Network has grown to operate nationwide with 1,293 owners and advisors in 615 practices administering over $97.0 billion in client assets. Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC Member SIPC, separate registered broker-dealer and non-bank affiliate of Wells Fargo & Company. wfafinet.com
Seventy2 Capital Wealth Management is a separate entity from Wells Fargo Advisors Financial Network, LLC.
Investment and Insurance Products: NOT FDIC-Insured/NO Bank Guarantee/MAY Lose Value
Brandy Corcoran Carlson
SOURCE Seventy2 Capital Wealth Management