Equitable Advisors welcomes father-son team who managed more than $350 million in client assets
July 7, 2025
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New York, New York – July 07, 2025 – Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), today announced that experienced financial advisors Dean Leonakis and Michael Leonakis have joined its Wealth Management business, Equitable Advisors.
Dean Leonakis and Michael Leonakis moved their practice, MAGIS Wealth Advisors, to Equitable Advisors from Osaic, where they managed more than $350 million in client assets. They bring nearly six decades of combined industry experience and offer comprehensive, personalized wealth management services to corporate executives, business owners, retirees and their families. Based in Cleveland, Ohio, the team was drawn to Equitable Advisors for its supported independence model.
“We spoke with multiple broker-dealers, but Equitable Advisors’ value proposition stood out. It offers the structure and support we need to remain independent while taking the operational burden off our shoulders,” said Michael Leonakis. “Our focus has always been on delivering great service to clients, and the branch office support, office space and technology capabilities at Equitable Advisors allow us to spend more time building relationships and growing the business.”
The team was also drawn to Equitable Advisors’ commitment to training and developing the next generation of advisors. This approach creates opportunities for experienced advisors to build multigenerational teams from Equitable Advisors’ robust and continuous pool of talent.
“After more than 40 years in this noble profession, I remain deeply committed to serving clients with excellence,” said Dean Leonakis. “Equitable Advisors not only shares that mission, but also provides the resources essential to support the next phase of our growth. Its strong advisor development pipeline helps us continue the legacy we've built while ensuring our clients remain well supported.”
In addition to Dean and Michael Leonakis, the team is joined by six staff members who will continue to deliver outstanding service to clients. These roles primarily support the practice through operations and administrative functions.
With more than $100 billion in assets under administration,1 Equitable Advisors has approximately 4,500 financial professionals across the country. 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.
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 3 million clients across the country. Please visit equitable.com for more information.
1 Equitable Holdings First Quarter 2025 financial results
Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company.
Dean Leonakis and Michael Leonakis 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.). Equal Opportunity Employer – M/F/D/V. Equitable Advisors financial professionals do not directly manage clients’ assets except where expressly authorized by the client and by Equitable Advisors.
“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. Equitable is the brand name of Equitable Holdings, Inc., and its family of companies, including Equitable Financial Life Insurance Company (1345 Avenue of the Americas, NY, NY); Equitable Financial Life Insurance Company of America, AZ stock company with an administrative office located in Charlotte, NC; Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN); and Equitable Distributors, LLC.