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Financial Planning > Tax Planning

New advisor group brings it all together

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Aiming to provide the American consumer with a comprehensive financial plan for the future, the new Producers Equity Group, headed by Matthew J. Rettick of “True Advisor” fame, will offer the entire range of insurance, securities and managed money solutions to its advisors. PEG plans to foster an environment in which advisors can be truly independent; they will have no proprietary products to push and no individual product sales quotas to meet. Through this new entity, independent financial advisors will have access to diverse yet comprehensive financial planning strategies, which will include insurance, securities and managed assets, and they will be able to do so without having to interface with the originating organizations.

“Producers Equity Group is designed to offer consumers the best of all worlds in financial advice without the usual limitations. PEG is a platform that provides independent financial service professionals the ability to offer clients comprehensive, all-inclusive solutions, utilizing a diverse mix of products and strategies,” said Rettick. He went on to explain that before the “True Advisor” model, the various parts of a financial plan were sold separately by separate advisors, leaving the client unsure of the totality of his plan. PEG will attempt to remedy this by allowing affiliated advisors to offer a comprehensive, well-rounded recommendation to meet the broad, individual needs of the client rather than the advisor’s or the company’s bottom line.

PEG will comprise three financial divisions: Covenant Reliance Producers, which will offer insurance; Center Street Securities, which will handle investments; and Brookstone Capital Management, which will provide money management solutions. With the aid of this new group, affiliated advisors will be able to offer plans that cover life, long term care and fixed annuities; money management instruments; securities and investment products; income, retirement, estate and legacy planning strategies; and asset protection and tax reduction solutions. PEG aims to rebuild the financial industry’s reputation by developing advisors who can offer unbiased recommendations from the full range of financial products and strategies. Furthermore, PEG advisors will be able to offer tax planning services through the associated Professional Tax Planners of America, a national network of tax advisors.

Rettick, the founder of Covenant Reliance Producers, partnered with Dean Zayed and J.R. Thacker to create the multidisciplinary PEG. Zayed is president of Brookstone Capital Management, an attorney and a CFP with years of estate planning experience. In addition to providing clients with money management, Brookstone will train advisors to provide expert advise. Thacker, president of Center Street Securities, will offer investment solutions, real world training and proven marketing strategies. These three principals each have earned top honors in their respective fields and will offer affiliated advisors the chance to help more clients with a comprehensive range of financial solutions.

Along with breaking the organizational mold in the independent advisory market, PEG will offer unprecedented benefits to advisors and their families and staff, such as group health, dental, vision, life and disability insurance. In addition, affiliated advisors will have the opportunity to earn “participation units” based on annual production, giving them a real stake in the growth of the company.


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