Two Delaware Valley Financial Services Firms Strike Deal
Newark, DE – March 12, 2018 — Wechsler Marsico Simpson (WMS), a Media, PA-based comprehensive financial services firm, is merging with Newark, DE-based Diamond State Financial Group (DSFG). Both firms are members of Securian Financial Services, Inc., a national network of 40 independent financial advisory firms based in St. Paul, Minnesota.
With the merger, DSFG will have $950 million of assets under administration. The senior management group for the new firm consists of Raymond F. Bree, Jr., Christopher Burgos and Hardik Shah. Dominic E. Marsico, Jr. will be associate partner. The effective date for operational implementation of the merger is March 12, 2018.
“All WMS clients will remain with their current financial advisors, and WMS will operate under the DSFG name out of their existing location in Media with their existing personnel,” said Bree. “It will be business as usual for both operations.”
“Diamond State Financial Group looks forward to expanding into Media and further enlarging our footprint in the Mid-Atlantic area,” added Burgos.
Both firms offer a full range of insurance and investment products to individuals and businesses. In addition, each company has a specialty division devoted to serving medical/dental professionals. With a combined total of 35 associates and more than 9,000 clients, DSFG becomes the seventh largest firm in the Securian Financial Network.
“Diamond State Financial Group will help provide added resources and services for Wechsler Marsico Simpson clients who will continue to receive the customized solutions they have counted on for more than 33 years,” said Dominic E. Marsico, Jr., President of WMS. “Our long-standing team of WMS advisors will remain focused on optimizing and protecting client portfolios.”
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About Diamond State Financial Group
Founded in 1989, Diamond State Financial Group is committed to helping its more than 6,000 clients improve their long-term financial success. The firm offers a comprehensive range of quality financial products and the advice of 28 experienced advisors. Located in Newark, DE, the firm is independently owned and operated. For more information, go to http://www.dsfg.com/
About Wechsler Marsico Simpson
Headquartered in Media, PA, Wechsler Marsico Simpson is a comprehensive financial services firm offering customized services for our clients. Established in 1991, the firm serves individuals and business owners, physicians, dentists and attorneys.
About Securian Financial Services
Securian Financial Services, member FINRA/SIPC, is the broker-dealer and registered investment advisory affiliate of Securian Financial Group. The firm offers a full range of financial services through a network of locally owned firms and 1,100 financial advisors. For more information, go to https://www.securian.com.
The Securian Financial Network -- the marketing name for the sales and distribution arm of Securian Financial Group, Inc., its subsidiaries and affiliates -- is a nationwide network of financial services firms. Products and services are offered and sold only by appropriately licensed entities and financial representatives. 2039107 02.2018
