Hybrid IBD and RIA Platform Also Announces New Website and Branding, New Team Members and Details on Upcoming Compliance Conference
WILMINGTON, Del., August 31, 2022 /PRNewswire/ — CoastalOne, an independent broker (Coastal Equities, Inc.) and hybrid registered investment adviser platform (Coastal Investment Advisors, Inc.) based in Wilmington, Delawarewas recently ranked first overall in the “Revenue Growth” category in Financial planning Magazine’s IBD Elite 2022, the annual ranking of independent brokers from popular industry publications. Additionally, CoastalOne placed fourth overall in the “Fast Growing Number of Production Reps” category.
“I am so proud of our continued growth and of our entire team at CoastalOne,” said Charles Reiling, President and CEO of CoastalOne. “These favorable rankings are testament to our compelling value proposition for finance professionals, consisting of concierge service, freedom and independence in running their business, personal interactions with head office departments, extensive range of traditional and alternative investment offerings, common sense and collaborative compliance, effective fintech solutions and our ability to be a flexible landing place for independent/regional, IBD, hybrid and fee-based finance professionals. “
In the IBD Elite 2022 rankings, CoastalOne posted 91.4% year-over-year total revenue growth from 2020 to 2021 – which helped them earn 43rd place in overall “Revenue totals” and 1st place overall in “Revenue Growth”. They also achieved a 31% increase in their assets under management compared to the previous year. Additionally, CoastalOne experienced a 22% growth in Registered Rep Production, helping them earn 4th place overall for “Highest Growth in Rep Production”, and also saw an increase of 46% of total payout, leading to 31st place overall in “Advisor Payout Finance”. representatives in its independent financial services platform, including 12 in the second quarter of 2022 alone.
As a middle office concierge, operations, technology and compliance platform, CoastalOne’s role is to offer strategies, solutions and products to help finance professionals best serve their clients in a unique, collaborative, creative and flexible. Their open management style and unique business model continue to attract new finance professionals to the company.
To see the complete ranking of Financial planning IBD Elite 2022 magazine, please click here.
NEW WEBSITE, LOGO AND BRAND
CoastalOne has recently launched a new website, along with a new logo, branding and positioning – viewable on its website at Coastal-One.com. The new website more clearly showcases the services and solutions CoastalOne offers to finance professionals through Coastal Equities, Inc. (CEI), an independent FINRA-registered broker, and to investors through Coastal Investment Advisors, Inc. (CIA), an SEC Registered Investment Advisor.
“We are thrilled with the launch of our new website and branding,” said Debra Karat, Marketing Director of CoastalOne. “This rebranding has been long overdue. We believe the images, content and messaging on the website now more accurately reflects our business and the value proposition that CoastalOne provides to finance professionals and customers.”
The website includes new details for finance professionals on transitioning to CoastalOne, a comprehensive directory and database of CoastalOne finance professionals, an easily accessible portal for CoastalOne representatives and customers, new team members and a robust news and events page showcasing all of CoastalOne’s media activity. , including educational articles, podcast episodes and video interviews, with content aimed at both finance professionals and investors.
In addition, the website contains information about Coastal Capital Markets, CoastalOne’s new management broker: “Our network and reputation as an innovative sales, marketing and distribution partner gives us access to a wide and diverse range of investment sponsors and their offerings,” the webpage notes. “Our market visibility and track record of successful sponsor partnerships consistently attract and expose our company to multiple niche investment strategies and new sponsors every day.”
To learn more and view the new website, please click here.
NEW DIRECTOR OF OPERATIONS AND OTHER TEAM MEMBERS
In the second quarter of 2022, to contribute to their rapid growth, CoastalOne continued to selectively and strategically grow its independent retail and capital markets/broker management divisions.
More recently, Emilio Primus was hired as the new Operations Manager. Primus has over 40 years of experience in the financial services industry, including mutual fund transfer agencies, brokerage operations and Agile transformation. Prior to joining CoastalOne, Primus spent the last 13 years at First Command Financial Services in Fort Worth, TX, where he was Vice President of Brokerage Operations and most recently Vice President of Technology Operations. To read his full biography, please click here.
In addition, Chester Bracey was recently announced as a full-time commission analyst after originally working as a temporary staff member at CoastalOne. The company also recently added Ryan Martin Hayes as staff accountant and continues to expand its finance team. Further away, Charlie Sobelthe coordinator of a wide variety of operational and compliance activities for CoastalOne, was recently promoted to Chief Compliance Officer
Finally, CoastalOne continues to expand its Capital Markets team, the managing broker-dealer of CoastalOne, by hiring Nick Worontzoff as first vice-president and Elisabeth district as vice president. To read their full biography, please visit the CoastalOne team page.
CoastalOne’s team has grown significantly in recent years as the company continues to experience rapid growth and has recently held senior roles in addition to COO including CFO, CFO , Chief Compliance Officer and Chief Marketing Officer.
To see all recent additions to the CoastalOne team and to find out more, please click here.
COASTAL COMPLIANCE CONFERENCE
The annual CoastalOne Due Diligence and Compliance Conference will be held next month from September 19-21 at the Ritz-Carlton hotel in Sarasota, Florida, and will include three days of education, inspiration and networking. CoastalOne has invited and encouraged all of its finance representatives and professionals to attend to ensure that they keep up to date with regulatory requirements, are informed of the latest investment products and strategies, and learn best practices for their profession and industry.
In addition to CoastalOne’s compliance and executive team, the conference will feature a handful of guest speakers. One of the keynote presentations will be delivered by Shawn Rhodes, author, speaker, and founder of Bulletproof Selling, who will discuss the strategies top advisors use to develop and close new leads, as well as how CoastalOne Advisors can systematize sales. In addition, the conference will feature:
- Dale BrownPresident and CEO of the Financial Services Institute (FSI)
- Rosemarie Leong from INtuition Due Diligence, with Inspired Healthcare Capital, Capital Square and Resource Royalty
- Susanna Syracusea seasoned financial services industry leader, innovative business and marketing strategist and advocacy catalyst
Major conference sponsors include Madison Capital Group, MDS Energy Development, Triton Pacific Capital Partners and MacKenzie Capital Management.
CoastalOne, located at Wilmington, Delaware, is an independent broker and RIA platform that enables finance professionals to maximize the success of their practices. CoastalOne is comprised of Coastal Equities, Inc. (CEI), an independent broker-dealer registered with FINRA, and Coastal Investment Advisors, Inc. (CIA), an investment adviser registered with the SEC. CoastalOne is dedicated to providing professionals with dedicated support, integrated technology and an in-depth understanding of the regulatory framework so that they can provide exceptional service and personalized advice to their customers. Their goal is to become the firm of choice for independent financial professionals and their clients, and their mission is to build lasting relationships with their clients through personalized service, trust and collaboration. Learn more at www.Coastal-One.com.
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