My vision was to build a company founded on Integrity, Quality, Service, and Professionalism. CGMA is that company. We treat our associates and clients as our real assets. When I first began to work in the financial industry, in March of 1993, I was proud and excited to have the opportunity to help people achieve their financial objectives. I knew then, as I do now, that financial consultants can change the future of the clients who invest based on their recommendations. As such, we have the responsibility of providing the best, most cost effective and rewarding recommendations to our clients at all times.
As I continued to work in the industry, I became aware that many individuals and organizations seemed to have lost sight of their responsibility. It was as though caring for clients meant giving them something “better,” but not necessarily the best. When I began to confront the offending entities, I could not believe the rationale I received.
The reasons for holding out on clients ranged from “They are better off now than with what they had,” to a “How else am I going to make money.” In addition, company incentives tended to push high cost plans designed to fill corporate coffers and line their pockets instead of providing the best solutions.
I realized the only way I could do the right thing all the time, and every time, would be to create an environment controlled and supported by like-minded individuals as myself. In January 1995, InterAct Solutions Group (ISG) was established as a member of the FINRA. ISG became a member of the Securities and Exchange Commission (SEC) on 30 May 1995 and began serving clients in June of 1995. Within ISG was a division specializing in financial consulting (The Financial Solutions Division – FSD). In April of 1998, the FSD split-off to form C.G.Menk & Associates, Inc. (CGMA Inc.).
In June of 2016, after 21 years of serving clients as an Independent Broker-Dealer (BD), CGMA Inc. rolled its investment assets to Cambridge Investment Research, Inc. to better position our clients for the impending Department of Labor (DOL) regulations planned to go into effect in April 2017. To support my actions as a Registered Representative with Cambridge Investment Research, Alicia McLain and I stood up The CGMA Group, LLC. While the Broker-Dealer name holding accounts has changed, we at CGMA, LLC. look forward to continued support to help our clients build and reach their wealth management objectives by starting with a company dedicated to Integrity, Quality, Service and Professionalism. Welcome to The CGMA family.
Charles G. Menk III
President & CEO