Nova Wealth Management Group to Join Buckingham Strategic Wealth

The transaction, which is expected to close in the first quarter of 2020, subject to customary closing conditions, will expand Buckingham’s national footprint while also extending its depth of talent.

Like Buckingham, Nova provides comprehensive wealth planning services to individuals and families. Nova has been associated with Buckingham for more than 20 years through its long partnership with BAM Advisor Services, LLC (“BAM Advisor Services”), Buckingham’s sister company and a comprehensive wealth platform that supports a nationwide community of independent wealth management firms and financial advisors.

Following this transaction, the Nova business, which is led by Jeff Cohen, CPA/PFS, Sam Bromberg, CPA/PFS, and James Underwood, CPA, CFP^®, will operate under the Buckingham name. Nova will expand Buckingham’s nationwide presence and create the foundation for its new Atlanta office and advisory team, which will also include existing team members Nick Drummond, CFA; Cecil Staton, CFP^®; Alexis Cody, CFP^®; Melissa Keiss; and Diane Yost.

“The two decades we have known Buckingham and its people have shown us many times that not only do we share core values and an evidence-based investment philosophy, but our firms have the same commitment to outstanding service in our clients’ best interests,” said Nova co-founder Jeff Cohen.

“This move will enhance that strong foundation and create an opportunity to benefit from Buckingham’s enhanced technology capabilities, thought leadership, and robust resources and specialists. The result will be to deepen the experience our clients have and our ability to serve them,” said Nova co-founder Sam Bromberg.

“We are thrilled and honored to welcome Jeff, Sam, James and their entire team to Buckingham,” said Buckingham CEO Adam Birenbaum. “Because both of our firms are built on providing an unparalleled client experience marked by comprehensive financial planning solutions and highly engaged relationships, this evolution is a natural one and a win for everyone involved – for us, for Nova, and for the families we will serve. Aligning our efforts will allow us to better serve clients and make us a stronger, more talented organization, which is a vital part of achieving our long-term vision.”

Bringing Nova into the Buckingham family represents another important milestone in the firm’s strategic effort to deliver the most comprehensive wealth solutions to current and future clients. Since its first transaction in 2010, Buckingham has grown a national presence, and currently has 35 offices operating in 21 states.

Buckingham is a partner firm of Focus Financial Partners and the sister company to BAM Advisor Services. As previously announced, the firm’s TAMP business line, which includes the BAM Advisor Services, The BAM ALLIANCE, and Loring Ward brands, will be known as Buckingham Strategic Partners as part of a new branding initiative expected to become effective in the first quarter of 2020.

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Cautionary Note Concerning Forward-Looking Statements

This release contains certain forward-looking statements that reflect Buckingham’s current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Buckingham’s operations and business environment which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Buckingham on the date of this release. Buckingham does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Buckingham may be found in the filings with the Securities and Exchange Commission made by Focus Financial Partners (of which Buckingham is a partner firm).

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The opinions expressed by featured authors are their own and may not accurately reflect those of Buckingham Strategic Wealth®. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice.

© 2020, Buckingham Strategic Wealth^®