A Reading-based CPA advisory firm is expanding to reestablish itself in wealth management.
Herbein + Company, Inc. (Herbein) announced Tuesday the creation of Herbein Financial Group, a strategic partnership with Northeast Financial Group, Inc. (NEFG).
Herbein Financial Group provides wealth management and retirement plan solutions for individuals, businesses, and retirement plans.
The new entity will be led by NEFG Principal and Herbein Financial Group Partner Josh Laychock, who with more than 20 years of financial services experience, specializes in fiduciary best practices for qualified retirement plans and delivering a comprehensive approach for private wealth solutions.
“We’re excited to reestablish our firm in the wealth management category, which we view as a critical element in our portfolio of services,” said Herbein President & CEO David W. Stonesifer. “Herbein Financial Group professionals are ready to help our clients preserve and grow their wealth and plan for their financial futures.”
Founded in 1987, Northeast Financial Group, Inc. (NEFG) is an independent Registered Investment Advisory firm and maintains a commitment to providing comprehensive fiduciary and investment services. The team currently manages approximately $850 million in assets under management.
“Partnering with Herbein represents an exceptional strategic and cultural fit. As Herbein Financial Group, we will increase the depth and breadth of our services and position the new firm as a premier wealth management provider in the region,” Laychock said.