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Carson Wealth Management Group adds Caton Financial to platform

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Caton Financial, an independent financial advisory practice in the San Francisco Bay Area, has joined the Carson Wealth Management Group.

 
With decades of experience and USD218m in assets under management (AUM), founder and veteran wealth manager Nancy Caton will transition her business through Carson Institutional Advisory (CIA) while staying in her current office to lead Carson Wealth’s first branch in the region.
 
"We’re highly selective in terms of the advisors we work with," says Ron Carson (pictured), founder and chief executive of Carson Wealth Management Group. "Nancy shares the same values and priorities in terms of client relationships and providing solutions, rather than having a product and transactional focus. She’s built an amazing business with an emphasis on trust, transparency and accountability."
 
Caton was an advisor with Raymond James for 23 years. She has committed to stay on for a minimum of five years with Carson Wealth to ensure a smooth and seamless succession plan, and has the flexibility to remain for as long as she chooses. By merging with Carson Wealth, Caton can begin to transition her clients to an associate advisor that she will help select.
 
"Ron truly gets the challenges facing financial advisors who have a priority interest in the long-term welfare of their clients and who have struggled to find an exit strategy that would fairly compensate them for the businesses they’ve built," says Caton. "Merging with Carson Wealth allows me to continue serving my clients and focus on what I love and do best — build relationships and provide financial advice — while eliminating the administrative headaches."
 
Once clients have been converted to one of Carson Wealth’s 12 investment strategies, they will experience a decrease in overall cost along with enhanced transparency.
 
"We’re able to handle a lot of things in-house, which keeps our costs down and translates into substantial savings for advisors and their clients," says Carson.
 
As with all Carson Wealth advisors, Caton Financial provides a combination of advisory and brokerage capabilities to serve clients’ comprehensive needs.
 
"Carson Wealth’s broker-dealer and primary custodian, LPL Financial, provides a uniquely effective platform and support for hybrid RIAs like Caton Financial, whose business mix is 75 per cent advisory and 25 per cent brokerage services," Carson says. "We’re pleased to be aligned with a leading independent broker-dealer and custodian, and are grateful to LPL Financial for the recruiting resources and support the company provided in our partnership."

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