Bloomfield Hills, Mich., June 15, 2009 – Two Oakland County-based, independent investment advisory firms, Planning Alternatives, Ltd. of Bloomfield Hills and Oakland Wealth Management of Southfield, have combined operations, creating one of the leading investment advisory firms in Southeastern Michigan. The joint announcement was made by Edwin Shaw and William Vanover, founders of Planning Alternatives and Nathan Mersereau, founder of Oakland Wealth Management.
The new entity will continue under the established name of Planning Alternatives, Ltd. Nathan Mersereau will assume the position of Managing Partner. Planning Alternatives’ principals Edwin Shaw and William Vanover will continue to serve as Founding Partners.
The expanded Planning Alternatives now has approximately $375 million under advisement and provides strategic consulting services to clients in 26 states.
Shaw and Vanover commented, “We were impressed with Nathan, his knowledge and dedication to client service. This transaction reflects the continuation of our long-term growth strategy. The natural synergies and shared values between the two firms will benefit our current and prospective clients.”
Said Mersereau, “Ed and Bill have built a highly respected, full-service investment management firm, assembled a knowledgeable staff and invested in advanced systems. Our client-focused cultures and core values make for an excellent strategic fit.”
Shaw and Vanover began Planning Alternatives in 1982; Mersereau formed Oakland Wealth Management in 2004 after ten years in the financial consulting industry. All three hold the distinction of Certified Financial Planner™ (CFP®).
For more information Planning Alternatives, Ltd. please call 800-645-1710 or visit www.planningalt.com