Equitable Advisors 'Supported Independence' Model Continues to Attract Experienced Advisors
Michael Shieh returns to Equitable Advisors, joining from Cetera where he served more than $180 million in client assets
March 7, 2024
Media Contacts:
(212) 314-2010
mediarelations@equitable.com
New York, New York – March 7, 2024 – Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced that financial advisor Michael Shieh has rejoined its wealth management business, Equitable Advisors, which provides holistic financial planning to help clients secure their financial well-being.
Based in Woodland Hills, CA, Shieh provides financial planning services to professionals, families and retirees with a focus on the Mandarin-speaking community. Shieh started his career with Equitable Advisors in 2014 and was most recently with Cetera Investment Advisors, where he managed approximately $181 million in client assets. After speaking with several broker-dealers, Shieh chose to move his practice to Equitable Advisors for the support to build and grow his own team, while having the freedom and flexibility to run his own business.
“Since I first joined a decade ago, Equitable Advisors has undergone many great changes as it continues to establish itself as a leader in the wealth management space. In particular, I was impressed by the evolution of its supported independence model,” said Shieh. “From the first day, I have saved significant time by being able to plug into a local branch. I didn’t need to worry about signing a lease, recruiting or handling other operational duties. The resources and support available at Equitable Advisors take administrative tasks off my plate so I can focus on serving the holistic financial planning needs of my clients, while I also work to build a team.”
"We welcome Michael to Equitable Advisors and look forward to helping him take his practice to the next level,” said John Lefferts, Head of Business Development at Equitable Advisors. “His decision to join us underscores our commitment to providing unparalleled support and resources to talented advisors like Michael to help fuel their growth and enhance the service they provide to their clients."
Experienced advisors who join Equitable Advisors benefit from the firm’s supported independence model, which provides robust capabilities, resources and operational infrastructure. This includes an open-architecture platform, leading technology, marketing tools and real estate, as well as support with succession planning, team formation and compliance.
With $87 billion in assets under administration as of December 31, 2023, Equitable Advisors has approximately 4,400 financial professionals across the country.
About Equitable
Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and Equitable Advisors financial professionals and serves 2.8 million clients across the country. Please visit equitable.com for more information.
1 Equitable full year and fourth quarter 2023 earnings results.
Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY).
Duly registered and licensed Equitable Advisors Financial Professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuities and insurance through Equitable Network, LLC (Equitable Network Insurance Agency of California, LLC; Equitable Network Insurance Agency of Utah, LLC; Equitable Network of Puerto Rico, Inc.)
“Advisor” is used as a general term to describe insurance/annuity and investment sales and advisory professionals who may hold varied licensing as insurance agents, registered representatives of broker-dealers, and investment advisory representatives (IAR) of registered investment advisors, respectively. Duly registered and licensed Financial Professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of California, LLC; Equitable Network Insurance Agency of Utah, LLC; Equitable Network of Puerto Rico, Inc. Equitable Advisors Financial Professionals do not directly manage clients’ assets.
