Brookstone Capital Management Changes Structure of its Ownership
January 25, 2013 by Lori Peterson
Wheaton, IL – Friday, January 18 2013 –Brookstone Capital Management (BCM), a SEC Registered Investment Advisor (RIA) announces that due to its rapid growth in recent years, it has decided to restructure its ownership to best position the firm for continued growth. Since 2009, BCM had been a wholly owned subsidiary of Producers Equity Group (PEG), a holding company that built an innovative platform for independent financial advisors by integrating fixed insurance products, securities, and managed money. PEG was comprised of three financial divisions and was formed through the unification of three established entities: fixed insurance products provided by Covenant Reliance Producers (CRP); broker dealer services offered through Center Street Securities (CSS); and fee-based managed money solutions provided by Brookstone Capital Management. Despite BCM’s separation from PEG, it maintains a highly professional, friendly and mutually beneficial relationship with CRP and CSS as all three firms maintain mutual relationships with numerous financial advisors. As of January, 2013, Brookstone Capital Management will be operated solely by its co-founder and visionary, Dean Zayed.
BCM was inspired by an idea that Mr. Zayed had in 2006, to create a turnkey money management platform for independent financial advisors so that they could provide a one-source solution for the management, growth, and preservation of their clients’ wealth. This idea was partly spawned by the success in his own private practice, providing comprehensive financial solutions to his clients, and partly by wanting to provide the tools needed to other independent financial advisors so that they too could position themselves as their clients’ financial quarterback. He shared his idea with Matthew Rettick, the visionary founder and CEO of Covenant Reliance Producers who then partnered with Mr. Zayed to form BCM and later, the innovative Producers Equity Group. In building BCM, Mr. Zayed has forged strategic relationships with hundreds of independent investment advisors around the country who affiliate with BCM and utilize BCM’s vast money management experience, investment intelligence and extensive infrastructure. This allows the IARs to provide their clients with BCM’s robust and sophisticated portfolios that span varying levels of risk and purpose. “It is immensely gratifying to work with some of the best advisors in the country who are dedicated to helping their clients develop and implement intelligent and effective long-term investment strategies customized to their personal life goals,” said BCM CEO Dean Zayed.
“BCM experienced dramatic growth while it was part of the PEG family of companies,” said Mr. Zayed. “For this reason, and the special relationships we made over the years, PEG will always be a special part of BCM’s history.
This transaction was beneficial to all parties involved and allows BCM to forge the next part of its story as a free-standing, independent advisory firm with broad-based appeal in the financial services industry. Frankly, I have never been this excited in my career as I steer BCM into its next phase. I am now fully empowered to significantly enhance the BCM platform in a manner that will set us apart from other RIAs and position ourselves as an industry leader.”
In its six years of operating, BCM has grown to be a substantial player in the RIA arena, with approximately 200 Investment Advisor Representatives across the country, more than $550M in assets under management (AUM) and a talented and seasoned staff. Most recently, BCM saw its (AUM) surge by over 55% in 2012. “This dramatic growth can be attributed to many factors,” said BCM IAR John Eikenberry, “but the main factors include the consistent innovation of powerful investment strategies, the one-on-one attention Dean Zayed provides to every BCM advisor, and the uncompromising professionalism and expertise exhibited by the entire BCM staff.”
Mr. Zayed concludes that by allowing BCM to be truly independent, we will be in a better position to cater to all independent advisors. Our rapid growth necessitated this ownership change and gives BCM the flexibility and management strength to build the most innovative RIA platform in the country.”
About Brookstone Capital Management: Founded in 2006, Brookstone Capital Management is a fee-based Registered Investment Advisor, headquartered in Wheaton, Illinois. In 2011, Financial Advisor Magazine ranked BCM as the sixth “Fastest-Growing Firm” in the U.S., according to its annual RIA survey. BCM offers a comprehensive money management platform of robust, well-diversified portfolios to a select network of highly trained, independent financial advisors. This empowers them up to do what they are best at – cultivate client relationships and create long-term financial solutions for their clients. BCM provides a solution to support all aspects of a managed money practice, from technology, sales support, ongoing education, compliance, marketing, research and portfolio management.
About Dean Zayed: Mr. Zayed is an estate planning attorney, Certified Financial Planner™ and holds his FINRA Series 7, 63 and 65 licenses along with his Illinois insurance license for life, health and long-term care. He has become widely recognized in the financial services industry, frequently speaking at industry events and often published in numerous financial publications.
Mr. Zayed has appeared as a financial commentator on CNBC, Fox Business Channel and The Street.com, and was also featured on General Alexander Haig’s Chosen Topics. Mr. Zayed and was a top 5 finalist for the “Advisor of the Year Award” by Senior Market Advisor magazine in both 2006 and 2007. He is a member of the Million Dollar Round Table (MDRT), as well as the prestigious Top of the Table. In 2006, Mr. Zayed was chosen as a “Top 10 Wealth Manager of the Central US Region” by Goldline Research and in 2010 he was selected as a Five Star Wealth Manager.
Contact: Lori Peterson
lori@brookstonecm.com
(630) 653-1400
www.brookstonecm.com
