Coastal Wealth Management Group Joins Financial Resources Group Investment Services, Bringing $175 Million in Assets

Coastal Wealth Management Group, led by experienced advisors Lloyd Baxter, George Cumbest, Darryl Meadows, and Timothy Taranto, has joined Financial Resources Group Investment Services, an LPL-affiliated firm. This move brings approximately $175 million in advisory, brokerage, and retirement plan assets to the firm. The team, based on the Gulf Coast in Ocean Springs, Mississippi, specializes in working with business owners, pre-retirees, and retirees, and aims to expand its services to the music industry and college athletes.

Key Takeaways:

• Coastal Wealth Management Group, led by Lloyd Baxter, George Cumbest, Darryl Meadows, and Timothy Taranto, has joined Financial Resources Group Investment Services, an LPL-affiliated firm, bringing approximately $175 million in advisory, brokerage, and retirement plan assets.
• The team, based on the Gulf Coast in Ocean Springs, Mississippi, has a strong focus on serving business owners, pre-retirees, and retirees, and plans to expand its services to the music industry and college athletes.
• Coastal Wealth Management Group works with clients in a process-driven yet relationship-oriented manner, conducting thorough research, listening to client goals and stories, and developing tailored plans.
• The team's decision to join LPL Financial was driven by the firm's robust technology platform, strong footprint for acquisitions, and commitment to stability.
• Adam Rean-Bohlen, Director of Business Consulting at Financial Resources Group, stated that the team's industry expertise aligns perfectly with their commitment to excellence, and they are excited to continue the partnership in 2025 and beyond.
• Scott Posner, Managing Director, Business Development, emphasized LPL's commitment to helping business owners like the team at Coastal Wealth Management Group by investing in technology capabilities designed to provide differentiated experiences.

Statistics:

• Estimate of $175 million in advisory, brokerage, and retirement plan assets at the end of 2024.
• LPL Financial supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions.
• LPL Financial services and custody approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans.
• The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services to support advisors and institutions.
• Coastal Wealth Management Group serves clients using a process-driven yet relationship-oriented approach.

Sources:

• LPL Financial LLC
• Contify.com