Cambridge is thrilled to welcome FCG Advisors as new members to the Cambridge Nation family. The enterprise organization, led by John Combias, Thomas Holevas, and Christopher Glatz, joined Cambridge in September. FCG Advisors brings 19 licensed financial professionals and approximately $9 million of annual revenue and nearly $4 billion in AUA.
“Optimum support for enterprise growth, culture, economic and market dynamics are key factors that affect a broker-dealer and its financial professionals in making a change like this,” said Amy Webber, President and CEO of Cambridge. “FCG Advisor’s values closely align with Cambridge. As an enterprise, the firm is competitively positioned with access to expanded resources, reduced risk, and a focus on the growth of their financial professionals and their clients.” Although firms across the industry have been shrinking their offerings, Cambridge continues to strive to offer quality broker-dealer firms, RIAs, and other larger branches of financial professionals’ intelligent flexibility and choice including a comprehensive offering of growth, investment, affiliation, and custodial options.
Previously a broker-dealer and RIA, going forward FCG Advisors will be an enterprise with Cambridge with John Combias, founder and Managing Director of FCG Advisors, operating his enterprise firm. While the terms of the deal are confidential, through the discussions it became clear that the best structure for both firms was for Cambridge to acquire ownership of limited assets of FCG Advisors with Combias maintaining control.
“We plan to further expand our enterprise by taking advantage of Cambridge’s solutions for growth and guidance on best practices to further elevate our success,” said Combias. FCG Advisors had many discussions with independent consultants in identifying their choice of partner for future growth, and in the end, they felt Cambridge was the best fit.
About FCG Advisors
FCG Advisors, offering investment advisory services through FCG Wealth Management, LLC, is an independent wealth management firm with a history of providing highly personalized and customized investment management services. Their staff of qualified financial services professionals takes a hands-on approach with each of the 500+ families, businesses, and institutions they serve. Their singular focus is to understand and help their clients achieve their financial goals. FCG Advisors is proud to be an independent boutique firm with a reputation for building lasting partnerships with both their clients and their network of financial advisors. FCGAdvisors.com
Cambridge is a financial solutions firm focused on serving independent financial professionals and their investing clients while preserving its private control. Cambridge offers a broad range of choices for independent financial professionals regarding solutions for advice, growth, technology, and independence. Cambridge’s national reach includes: Cambridge Investment Research Advisors, Inc. – a large corporate RIA; and Cambridge Investment Research, Inc. – an independent broker-dealer, member FINRA/SIPC, that is among the largest privately controlled independent broker-dealers in the country. Cambridge continues to be a multi-year honoree as a top workplace1 and broker-dealer2 of the year.
Cambridge’s commitment to remaining privately controlled allows it to focus on a long-term outlook that is beneficial to all parties with an independent mindset. Cambridge’s increased focus includes a dedicated Strategic Initiatives team. Member FINRA/SIPC www.JoinCambridge.com
1The Top Workplace in Iowa, 2020 – 2011, recognition is determined by associate feedback through an anonymous survey conducted by Energage, an independent research company.
2Investment Advisor magazine, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2010, 2008, 2007, Division IV; 2003, Division III.
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Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, and investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Both are wholly-owned subsidiaries of Cambridge Investment Group, Inc. For financial professional use only V.CIR.0221-0529