Shore Morgan Young Wealth Strategies, a wealth-management firm in Columbus, Ohio, chose Capital Analysts of Cincinnati as its broker-dealer and registered investment advisor on Friday.
“It is the unique nature of how Capital Analysts conducts business that convinced us that partnering with them can help us serve our clients better,” said Lew Shore,a principal of Shore Morgan Young, in a press release. “Shore Morgan Young’s main objectiveis to provide professional service and support in the most cost-effective manner possible, and our new relationship with Capital Analysts will allow us to achieve that objective.”
Cincinnati-based Capital Analysts, a member of Western & Southern Financial Group, launched a flat-fee affiliation model in 2009, with a hybrid platform for both brokerage and fee business and an advisor portal with integrated technology.
According to Capital Analysts CEO and President Matt Lynch, more than 330 financial advisors are affiliated with Capital Analysts and do business through its flat-fee model. The group, he notes, has $8 billion-plus in assets under management, mainly via advisors who are dully registered as RIAs and registered reps.