The broker-dealer and RIA CoastalOne onboarded nine financial advisors plus support staff who oversee more than $500 million in combined client assets. All of the advisors previously were affiliated with Texas-based Titan Securities.
The recruited advisors include Todd Gottel of Lone Star Wealth Advisors, Thomas Shultz of LyfeAdvisors, Chuck Lanza of Integrity Capital Advisory and Rick Goodwin of Income & Wealth Strategies. Gottel and Shultz each have approximately a decade of wealth management experience, Lanza has approximately 12 years of experience and Goodwin has over 30 years of experience.
“The move to CoastalOne was seamless for our team and clients,” said Gottel, whose team specializes in retirement planning strategies that leverage alternative investment solutions. “We look forward to a long relationship with CoastalOne and growing alongside them as they continue to enhance their platform to meet the evolving needs of advisors and clients.”
In September, CoastalOne announced that Yanni V. Bousnakis was appointed to the newly created role of Chief Product Officer, where he will oversee efforts to expand the firm’s wealth management capabilities, including investment advisory solutions. Bousnakis will report directly to firm CEO, Kevin M. Keefe, who took the helm in June.
Bousnakis previously served as SVP, Head Advisory Platforms & Investment Solutions at Kestra Financial, Head of Investment Solutions at Cetera Financial and in leadership roles at First Allied Securities, LPL Financial and Scudder Investments.
With over three decades of experience, Keefe formerly served as President and CEO of First Allied Securities, a Cetera subsidiary; EVP and CEO of Corporate RIA at Advisor Group, which recently rebranded as Osaic; and SVP at LPL Financial, where he led the development, implementation and management of platforms and services.
“As we continue to implement our ambitious growth strategy and build out our Texas presence, I’m excited to welcome our new colleagues,” Keefe said. “These are long-tenured advisors who run high-quality practices. They will benefit from our personalized, boutique service model and culture, as well as our focus on providing sophisticated and differentiated wealth management solutions for their clients.”
Established on Cape Cod in 1989, the Wilmington, Delaware-based firm serves high net worth clients through more than 160 affiliated financial advisors. CoastalOne provides advisors with solutions, products and strategies to help them serve high net worth clients through a compliance, technology, operational and service platform designed for sophisticated advisors.
Chris Latham, Managing Editor at Wealth Solutions Report, can be reached at clatham@wealthsolutionsreport.com
