Charter Oak Financial, a US-based financial planner, has merged its operations with MassMutual Greater Long Island, and MassMutual Greater Hudson.
The merger forms part of Charter Oak’s strategy to bolster its presence and the required infrastructure to offer improver services to customers.
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The consolidated entity will adopt the Charter Oak brand.
The combined group will be headed by Brendan Naughton and Brad Somma.
Naughton formerly served as the managing director of the Stamford office at Charter Oak. He later became the managing partner of the firm.
Somma too served as a managing director at Charter Oak and later became the managing partner of MassMutual Greater Long Island.
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By GlobalDataCommenting on the amalgamation, MassMutual Financial Advisors head John Vaccaro said: “Building on their excellent reputations and history, I am confident that Charter Oak Financial is well positioned to maximise the tremendous opportunities for residents and businesses across the markets they serve.
“The resources available in the larger firm will provide a tremendous opportunity to invest in progressive strategies to serve the evolving needs of customers.”
Charter Oak Financial offers a range of services including risk management as well as retirement and investment planning services.
The business has branches in Connecticut, Massachusetts, and New York with 375 advisers and over 100 specialists and staff.
