CITRIN COOPERMAN CREATES WEALTH MANAGEMENT FIRM
A new wealth management firm will launch in May as a result of the merger between Yampolsky Mandeloff Silver Ryan and Citrin Cooperman & Co. LLP.
Private investment management company YMSR Investment Advisors Inc., a firm that principally served clients of Philadelphia-based Yampolsky Mandeloff Silver Ryan for more than a decade, is rolling into the newly formed Citrin Cooperman Wealth Management Co., a separate division of Citrin Cooperman & Co. The wealth management firm will be based in Philadelphia. Citrin Cooperman & Co. has offices in Manhattan, White Plains, N.Y., Springfield, N.J., and Philadelphia.
"We are meeting, we have come to terms, everything is a go," said Alan Mandeloff, CPA, PFS, president and founder of the new wealth management firm. "Everybody is committed to it. I'm a Citrin Cooperman guy." Mandeloff, who is also president and founder of YMSR Investment Advisors Inc., became one of the partners at Citrin Cooperman's accounting practice in November 2007, focusing on financial planning and investment advice for businesses and individuals.
Sean Bergin, one of YMSR's investment managers, will become the managing director at Citrin Cooperman Wealth Management Co.
TAC, NAIFA SEAL TWO-YEAR PACT
The American College, a nonprofit financial services educator, and the National Association of Insurance and Financial Advisors have entered into a new two-year marketing and educational agreement to grow the LUTCF and FSS designations.
The organizations have agreed to publish a schedule of available live and online courses for the credentials, as well as augmenting that with a series of marketing and promotional initiatives, including e-publications, advertising, collateral tools and Web site communications.
The pact will also boost compensation for class moderators. Moderators delivering course content both in the classroom and online will now be able to earn up to $1,000 per class, depending on the number of students enrolled.
If registration targets for the programs are met, a unique scholarship fund will be established in 2009, which NAIFA will manage.
RAYMOND JAMES CRACKS $1 BN
Financial services conglomerate Raymond James surpassed $1 billion in revenue in fiscal 2007, the first time the company has exceeded the billion-dollar mark. Raymond James said that its revenue has risen 300 percent over the past decade. Meanwhile, its total client assets have reached $127 billion.
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