by –News Direct–
Cary Stamp & Co., Principled Wealth Advisors, a nationwide provider of financial advisory services, today announced that accomplished wealth management executive Michael Reed has joined the company as Chief Strategic Officer and Chief of Staff. He teams up with a strong executive team including Cary Stamp, CEO, Patrick Thompson, COO, Jack Schanne, CIO, and Ryan Swenson, CGO.
In this newly created role, Reed will lead Cary Stamp & Co.s efforts to grow through mergers and strategic new hires while also refining the companys operational platform to support scale and organizational efficiency. With $415 million in assets under management, Cary Stamp & Co. employs 14 team members, including seven advisors, and serves clients in 32 states.
Michael has a remarkable track record of building businesses, identifying acquisition opportunities, and providing support to make advisors successful, said Cary Stamp, CFP, the companys founder. As we grow the firm, both organically and through M&A, we needed a leader who could help us effectively scale. We could not have identified a more capable professional and are thrilled to have Michael guiding us through this next phase of our growth.
Previously, Reed was Chief Operating Officer and Managing Member of Dakota Wealth Management, a registered investment advisor in Palm Beach Gardens, Fla. At Dakota, Reed was instrumental in planning and launching the company and then spearheaded a uniquely employee-centric operations platform with a comprehensive M&A integration approach. During his tenure at Dakota, the firm expanded to include three subsidiaries and executed approximately 10 transactions and six tuck-ins, growing the company to 65 team members with 14 offices in 11 states in less than five years.
The wealth management industry is undergoing a period of unprecedented change and opportunity, and Cary Stamp is in an ideal position to capitalize on these trends, Reed said. I am honored to join a team with Cary Stamps reputation, vision, and values, and look forward to helping the firm realize its ambitious goals.
Reed holds a Doctorate in operational management and four designations in M&A from the Institute for Mergers, Acquisitions and Alliances. In his career, Reed has envisioned, planned, launched, and managed 15 ventures and has been involved in 20 transactions of various structures. He has earned a popular reputation in the wealth management industry as a trusted collaborator, inspiring organizer, and team-building entrepreneur.
About Cary Stamp & Co.
Cary Stamp & Co. has been providing individuals, families, and organizations with personalized wealth management and financial planning since 2002. Located at 110 Bridge Road, Tequesta, Fla. (Jupiter area) and with a Midwest office in Chicago, Ill., our advisors craft personalized financial plans and investment strategies that help clients minimize taxes and achieve lifetime financial goals with confidence. For information, visit www.carystamp.com.
Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed Insurance products and services offered through CES Insurance Agency or Cary Stamp & Co.
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For Cary Stamp & Co.
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Cary Stamp & Co
COMTEX_441362860/2655/2023-10-03T08:59:32
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
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