Ruben Rivas Joins Strategic Wealth Partners in Milwaukee
February 21, 2023
Milwaukee, Wi. — Strategic Wealth Partners Group, LLC, an independent wealth management firm with offices in Chicago and Milwaukee, announced today that Ruben Rivas has joined the firm as a Wealth Advisor. Rivas is the third advisor to join the firm in 2023 following the additions of Michael Tuber and Ben Bremen. Rivas will work in the firm’s Milwaukee office, helping to expand the firm’s footprint and service in the greater Milwaukee area.
“At Strategic Wealth Partners, our core ethos is managing complexity and delivering simplicity,” says Neal Price, Principal and Co-Founder of Strategic Wealth Partners. “Ruben shares our passion for helping clients navigate the complexities of their financial lives through independent advice and personalized service. His commitment to building long-lasting client relationships makes him a great addition to our growing Milwaukee office.”
Rivas joins Strategic Wealth Partners from U.S. Bancorp Investments, where he worked as a Wealth Management Advisor. As a Wealth Advisor at Strategic Wealth Partners, he will serve as a trusted partner to affluent investors and families, providing the strategic guidance they need to reach their wealth management objectives.
Strategic Wealth Partners is a part of Focus Financial Partners, a leading partnership of independently managed wealth management firms. Focus provides strategic support to help its partner firms achieve objectives, including support of growth initiatives and development of strong succession plans.
ABOUT STRATEGIC WEALTH PARTNERS
Strategic Wealth Partners (SWP) is an investment advisory and financial planning firm with $3.7 Billion AUM/AUA as of December 31, 2021. Strategic Wealth Partners (“SWP”) is an independently managed wealth management firm that has been partnering with clients since 2008. SWP was created to provide more personalized solutions to clients in an environment that put their interests first. The work on behalf of clients is far-reaching, but it all comes down to managing complexity, delivering simplicity, and helping people reach their goals. Learn more at http://www.stratwealth.com.
You likely heard about Silicon Valley Bank (“SVB”) this past weekend, and by now, you’ve probably also heard that the government took actions to quell fears that SVB’s failure might lead to a broader “contagion” effect. It seems as though the bank will, in fact, “fail” in the sense that its debt and equity will suffer or be wiped out…but customers will not lose their deposits, even temporarily.
What follows is a brief recap of what happened, and what it means for investors who don’t bank with SVB, but who are concerned about the downstream effects of its failure on their portfolios.
Protecting yourself from identity theft is like playing a game of whack-a-mole. As soon as you take steps to safeguard yourself from one issue, up pops another. And you aren’t alone in this struggle; this is an unfortunate reality of the modern world that we all must manage.
It seems that the latest threat involves checking accounts. In the last few months, an alarming number of friends, clients, and relatives have reported that their checking accounts have been hacked and funds have disappeared. For one friend, it happened twice within two weeks.
When I first saw this chart below from our industry peer, Charlie Bilello, I thought, “well of course, stocks would outperform cash long-term.” However, after my initial hasty reaction, I realized there were some meaningful lessons here.
