Innovation & Job News

Two money management firms merge to create bigger Planning Alternatives

Thursday, June 18, 2009

Related Tags

A couple of significant investment firms in Oakland County have become joined at the hip and expect to grow through the new merger.

Bloomfield Hills-based Planning Alternatives and Southfield-based Oakland Wealth Management combined forces earlier this month. Planning Alternatives is the been-around-the-block player, serving Metro Detroit for 27 years. Oakland Wealth Management is the new kid on the block that's enjoying a rapid growth spurt, according to the combined firms' new managing partner, Nathan Mersereau.

"It will build confidence that this firm will be around for a very long time," Mersereau says.

What is now Planning Alternatives employs 15 people. Mersereau expects to hire more in the near future as the new firm capitalizes on the established name and rapid growth of the combined firms.

Planning Alternatives has approximately $375 million under advisement and provides strategic consulting services to clients in 26 states.

Source: Nathan Mersereau, president of Planning Alternatives
Writer: Jon Zemke