Arrowhead Financial Group recently acquired four companies to expand its financial planning services for consumers, according to the Los Angeles Times.
Among the acquired include financial planning firm Gary Nichols & Associates, Rex Jackson of Inland Empire Investment Advisors, Redlands-based certified financial planner and registered investment advisor Reginald Jackson, and Tony Zapico of Integrity Planners Inc.
According to president and CEO Jim Estes, Arrowhead’s motivation behind the moves is to have the ability to offer its consumers many financial services under one roof, enhancing convenience, and eliminating the need to consult other businesses. Estes believes the merge is the first of its kind in the area. Arrowhead can now offer a credit union services and assistance in insurance, investment management, trust services and financial and tax planning.
For the next three to four months, the businesses will work out of their current facilities under the title of Arrowhead Financial Planning and Tax Service. Nichols, who will now serve as senior vice president, is excited for the opportunity to partner with Arrowhead, offering more services to its clients.
Software programs are in development to help expedite the business.
Estes said the acquisitions are vital to Arrowhead’s plans for expansion in its financial services.
The new services will be offered at an hourly rate, allowing customers adapt the planning to their needs.
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