This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Certified Financial Planner™ Leaves Morgan Stanley Smith Barney To Launch Hybrid RIA, Adams Wealth Advisors

Stocks in this article: LPLA









LOGAN, Utah, June 12, 2012 /PRNewswire/ -- Adams Wealth Advisors has announced its departure from Morgan Stanley Smith Barney to join Stratos Wealth Partners as a Hybrid Registered Investment Advisor, an innovative and advanced structure within the financial services industry. The firm plans to maintain more than $100 million in client assets in the transition as they move to an independent business model to better manage the assets of professionals, retirees and business owners in the Northern Utah area.

The team at Adams Wealth Advisors has over 35 years of experience in the financial services industry and is confident in the positive outcomes that will arise from this move.

"It is exciting to create a private firm specially designed to combine exceptional planning capabilities and a selection of optimal investments unbiased by a single proprietary platform," said S. Craig Adams, CFP®, Managing Director. "Our decision to become an independent hybrid RIA firm not only opens a new door for us, but also expands the opportunities where we can truly be aligned with our number one priority – our clients."

Adams Wealth Advisors has created a unique partnership by combining with Stratos Wealth Partners, a network of 125 experienced financial services practitioners managing over $4 billion in client assets, along with the services offered by LPL Financial (Nasdaq: LPLA), the nation's largest independent broker-dealer (as reported by Financial Planning Magazine 1996-2011, in terms of revenue). This affiliation combined with the experience of the team is one that will prove Adams Wealth Advisors as a significant wealth management team in the local market.

Bill Morrissey, Executive Vice President of Business Development at LPL Financial, said, "We are delighted that Adams Wealth Advisors has chosen to join forces with Stratos Wealth Partners, one of our leading independent branches. This transition reflects both the flexibility and choice we provide to independent advisors that want to affiliate directly or indirectly with LPL Financial, as well as our continued success in attracting advisory practices from all channels to our platform.  We look forward to utilizing our industry-leading resources, scale and services to help drive the ongoing growth of both Stratos Wealth Partners and Adams Wealth Advisors."

About Adams Wealth Advisors

Adams Wealth Partners is a privately-owned, independent wealth management firm offering comprehensive financial planning to clients in Northern Utah and the surrounding area. Adams Wealth Advisors has extensive experience serving successful professionals and business owners and assisting them with their long- and short-term objectives. The firm's philosophy addresses the need to deliver an investment strategy tailored to each client's needs. Through a direct partnership with their registered investment advisor, Stratos Wealth Partners, a national network of 125 experienced financial services practitioners managing over $4 billion in client assets and affiliated with LPL Financial, the firm is able to provide a variety of tools and resources in order to optimize their clients' experience. For more information, please visit www.adamswealthadvisors.com.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through Stratos Wealth Partners, a Registered Investment Advisor and separate entity from LPL Financial.

 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs