Silver Oak Securities Expands Operations in Chicago
Silver Oak Securities, a notable name in the independent wealth advisory sector, has recently grown its footprint in Chicago by partnering with Lifetime Financial Group. This strategic move is designed to enhance the services they offer while strengthening their relationships with clients.
Lifetime Financial Group Joins Silver Oak
Based in Wilmette, Illinois, Lifetime Financial Group has established itself as a holistic financial planning firm, managing approximately $154 million in client assets across more than 200 households. The firm, led by Bruce A. Berman, has a strong reputation for guiding healthcare and human services professionals, as well as small business owners, in their financial planning journeys.
Commitment to Client-Centric Approach
In a statement, Billy Hopkins, CEO and President of Silver Oak, expressed excitement at the integration of Lifetime Financial Group into their network. He highlighted how both firms share a vision of empowering advisors and serving their clients' interests through independence and creativity. This collaboration will ensure that the clients of Lifetime Financial Group receive enhanced financial solutions.
Transition to a New Model
Bruce Berman emphasized that the choice to transition from Cetera to Silver Oak was driven by the unique hybrid model offered by Silver Oak. This model allows for true independence while providing an extensive toolset to cater to clients' diverse financial needs. Berman stated, “What really stands out about Silver Oak is their collaborative approach to service,” noting the direct access to high-quality experts within the firm.
Continuing Operations in Wilmette
The team from Lifetime Financial Group, consisting of six professionals, will continue operating from their Wilmette headquarters, maintaining their dedication to comprehensive financial planning. They will leverage Silver Oak's broker-dealer and RIA platforms to enhance services offered to clients across the Chicagoland area.
About the Firms Involved
About Lifetime Financial Group
Founded nearly three decades ago, Lifetime Financial Group aims to connect with clients on a personal level to help them achieve their financial goals in a holistic manner. The firm’s integrated approach combines traditional asset management with socially responsible investing practices.
About Silver Oak Securities, Inc.
Silver Oak Securities, Inc. is an independent, full-service broker-dealer and SEC-registered investment advisor. They specialize in serving the needs of independent wealth advisors. The company's commitment to high standards of investment management is backed by over 40 years of combined experience within their leadership team. Established in 1999, Silver Oak is located in Jackson, TN, positioned between Nashville and Memphis, and continues to strengthen its network of independent advisors.
Frequently Asked Questions
What is Silver Oak Securities?
Silver Oak Securities is an independent broker-dealer and registered investment advisor that focuses on supporting independent wealth advisors in serving their clients.
What does the partnership with Lifetime Financial Group entail?
The partnership allows Lifetime Financial Group to operate under the Silver Oak banner, benefiting from their resources and commitment to independence while serving their existing clientele.
Where is Lifetime Financial Group based?
Lifetime Financial Group is based in Wilmette, Illinois.
Who leads Lifetime Financial Group?
Lifetime Financial Group is led by Bruce A. Berman, who founded the firm nearly thirty years ago.
How does the hybrid model of Silver Oak benefit advisors?
The hybrid model provides advisors with independence as well as access to a complete suite of services and support needed to meet diverse client requirements effectively.
