Seven investment advisors from Cambridge Investment Research Advisors have launched Stonepath Wealth Management, a full-service advisory in Traverse City, Mich., according to the firm’s initial Form ADV filed with the Securities and Exchange Commission yesterday.
The firm is led by Lauren Renee Golba, president, and Matthew Thomas Golba, CEO. Prior to founding the firm, Lauren Golba spent five years at Cambridge as a dually registered advisor, according to the SEC. Matthew Golba began his career in 2008 as a dually registered rep at Edward Jones, and joined Cambridge in 2012.
Joining them are five other former Cambridge advisors—Steven Adams, Nick Baldwin, Michael Dryer, David Knight and Marc Ruemmler, according to the Stonepath’s website.
Neither Lauren nor Matthew Golba returned a call for comment on the firm’s launch.
The firm’s Form ADV, which was filed under expectation Stonepath will be eligible for registration with the SEC within 120 days, did not list any client assets corralled to date, but indicated the firm will be charging clients a percentage of assets under management, fixed fees, hourly charges and consulting fees. Clients will include individuals and high-net-worth individuals, trusts, estates, businesses and retirement plans.
Services offered include financial planning, portfolio management for individuals and small businesses, selection of other advisors including private fund managers, and model portfolio management.
In addition, the firm will be recommending insurance products, and joining the staff is Shaun Smyth, a licensed health insurance advisor who will bring “comprehensive health and medical concierge services” to Stonepath clients, the firm’s website said.
Stonepath’s custodian is Raymond James, according to the firm’s Brochure.