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First Allied Securities, a Cetera Financial Group Firm, To Provide Broker-Dealer and Registered Investment Advisory Services to Sawchuk & Langenstein Wealth Strategies Team

SAN DIEGO, Oct. 21, 2015 /PRNewswire/ -- First Allied Securities ("First Allied"), an independent broker-dealer and registered investment advisor with Cetera Financial Group, a leading network of independent broker-dealer firms, announced today that it will provide broker-dealer and, through its affiliate First Allied Advisory Services, registered investment advisory services to advisors with Sawchuk & Langenstein Wealth Strategies ("Sawchuk & Langenstein"), which provides both fee- and commission-based wealth management advice. As of June 30, 2015, the Sawchuk & Langenstein team had $132 million of client assets under management.

Based in Troy, Michigan, the Sawchuk & Langenstein team is led by veteran advisors Terry Sawchuk and William Langenstein, each with over 25 years of financial services industry experience. Founded in 1997, the practice is dedicated to helping clients plan for and pursue a financially successful retirement, as well as pursue and protect wealth for future generations. The team serves a client base primarily of middle- to higher-income earners in the Detroit metropolitan area, as well as across the country. Sawchuk & Langenstein provides a comprehensive range of services including retirement income planning and implementation, investment management, insurance planning and implementation, portfolio reporting, and risk modeling and mitigation. They also provide risk-minded investment management along with tactical investment recommendations based upon their own research and algorithmic market analysis. In addition to its two principals, the team also has three professional support staff.

Kevin Keefe, President and Chief Executive Officer of First Allied, commented, "We are pleased to welcome the Sawchuk & Langenstein team to First Allied. Terry and Bill have carefully focused on their target market, serving the retirement planning needs of a conservative, middle-American, middle-market clientele. As part of First Allied, the Sawchuk & Langenstein team can benefit from the close, personal attention that First Allied offers its advisors, while leveraging the size, scale and exceptional resources made available through Cetera Financial Group. We look forward to helping Sawchuk and Langenstein achieve their business objectives as they assist their clients with their long-term financial goals."

Terry Sawchuk, Founder and Chairman of Sawchuk & Langenstein Wealth Strategies, said, "We are delighted to join the First Allied platform and benefit from the advantages of being part of the Cetera network. As a broker-dealer, we found First Allied to be in a sweet spot in terms of size: small enough to nurture personal relationships with its affiliated advisors, yet part of a larger group to bring scale to the breadth of services it offers. We were particularly...