I trust this finds you well. In today’s environment it is with great pleasure that I share some good news.
As you know, the three sister firms here at Magellan Planning Group, Inc., Magellan Tax, LLC, and Magellan Legal, LLC are standalone firms, but are at their very best when utilized in coordinative fashion, as so many of our clients have pleasantly conveyed. As we say, coordination between these three disciplines is key.
As I mentioned in my last letter, we are currently in the process of expanding our office space to accommodate growth in all three of these firms. When the build out is complete, we will have a new space for Magellan Tax to continue the phenomenal growth that Henry and the tax firm have experienced.
This will also give us room to expand the law firm, as we are bringing in a new legal partner, who is a graduate of my alma mater. We are very excited about him and his team joining us. I will be sending out an introduction letter later in the spring.
Last but certainly not least, I am very pleased to announce that our broker/dealer, which is currently Voya Financial Advisors (VFA), will be changing to Cetera Advisor Networks (Cetera) later this year.
One of the best aspects of this change is that it will not require much on your part. The vast majority of our accounts will transition without any new paperwork. No investment holdings will be affected, and most account numbers will even remain the same.
This is all because Cetera Advisor Networks offers many of the investments that VFA uses, and Cetera Advisor Networks also clears through Pershing, the same clearing firm that VFA uses. You will get a few updated disclosures and the Voya orange from our services will change to the Cetera purple, but this is expected to be a very smooth transition. I like purple better anyway.
Cetera Adviser Networks is a large firm, but they have a small, family feel, which as you know we appreciate and try to foster. In the coming weeks, you will receive a letter that will give you more details on the transition and any actions you may need to take. We are very excited about this transition and think you will notice nothing but improvements.
We greatly appreciate your support, and we are looking forward to sharing more details in the near future. Please contact our office if you have any questions or comments. Thank you for being a part of our Magellan Family!
J. Kevin Meaders, J.D. CFP, ChFC, CLU
The views and opinions are those of J. Kevin Meaders, J.D., CFP®, ChFC, CLU and should not be construed as individual investment advice, nor the opinions/views of Voya Financial Advisors. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Additional risks are associated with international investing such as, currency fluctuation, political and economic stability, and differences in accounting standards. Investors cannot directly invest in indices. Past performance does not guarantee future results.
Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors. Magellan Planning Group is not a subsidiary of nor controlled by Voya Financial Advisors.
*Does not provide legal services on behalf of Voya Financial Advisors, Inc. nor regarding securities or investment advisory related activities on behalf of Magellan Planning Group, Inc.