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First Allied to provide broker-dealer and RIA services to Sawchuk & Langenstein

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First Allied Securities is to provide broker-dealer and, through its affiliate First Allied Advisory Services, registered investment advisory services to advisors with Sawchuk & Langenstein Wealth Strategies.

Sawchuk & Langenstein provides both fee- and commission-based wealth management advice. As of 30 June, the firm’s wealth management team had had USD132 million of client assets under management.
 
Based in Troy, Michigan, the Sawchuk & Langenstein team is led by veteran advisors Terry Sawchuk and William Langenstein, each with over 25 years of financial services industry experience. The team serves a client base primarily of middle- to higher-income earners in the Detroit metropolitan area, as well as across the country.
 
Sawchuk & Langenstein provides a comprehensive range of services including retirement income planning and implementation, investment management, insurance planning and implementation, portfolio reporting, and risk modeling and mitigation. They also provide risk-minded investment management along with tactical investment recommendations based upon their own research and algorithmic market analysis. In addition to its two principals, the team also has three professional support staff. 
 
Kevin Keefe (pictured), President and Chief Executive Officer of First Allied, says: “We are pleased to welcome the Sawchuk & Langenstein team to First Allied. Terry and Bill have carefully focused on their target market, serving the retirement planning needs of a conservative, middle-American, middle-market clientele. As part of First Allied, the Sawchuk & Langenstein team can benefit from the close, personal attention that First Allied offers its advisors, while leveraging the size, scale and exceptional resources made available through Cetera Financial Group. We look forward to helping Sawchuk and Langenstein achieve their business objectives as they assist their clients with their long-term financial goals.”
 
Terry Sawchuk, Founder and Chairman of Sawchuk & Langenstein Wealth Strategies, says: “We are delighted to join the First Allied platform and benefit from the advantages of being part of the Cetera network.  As a broker-dealer, we found First Allied to be in a sweet spot in terms of size: small enough to nurture personal relationships with its affiliated advisors, yet part of a larger group to bring scale to the breadth of services it offers.  We were particularly impressed with their excellent practice management support services, including Wealth Management University, as well as their business consulting services. As we steer our firm towards a greater emphasis on fee-based advisory services – to become evenly split between advisory and commission-based services – First Allied’s platform is well-suited to help us meet our objectives.”
 
In addition to their client financial planning services, both Sawchuk and Langenstein became known as co-hosts of the local radio station WJR Radio’s “Wealth Strategies” program, which ran for more than seven years. They currently seek to grow their business by adding an additional support professional in order to remain focused on their current market niche as they continue developing an expanded client base. 

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