Csenge Advisory Group has joined Lion Street and its broker-dealer, Lion Street Financial. For the past 20 years, CAG had affiliated with FSC Securities Corporation. CAG founder and managing partner John Csenge served on the advisory board for FSC, and CAG was their top producer in 2017. Over each of the past two years, CAG has had exponential growth of 40 percent year-over-year. In search of a new opportunity, CAG executives investigated more than a dozen leading broker-dealers, finally selecting Lion Street Financial.
CSENGE brings over $1.3 billion in assets under advisement, with another billion in the pipeline with pending acquisitions. The company oversees 28 advisers, supported by an additional 18 staff members. The company is excited to add both scale and expertise to Lion Street’s businesses, which focus on the planning needs of high-income earners, high-net-worth individuals and business owners.
The CAG approach differs from the passive and active channel approaches favored by most advisory firms today. Instead, the company approaches asset classes in a tactical fashion using a proprietary algorithm that combines fundamental, technical and behavioral approaches to portfolio management. This allows the company to adjust portfolios in direct response to market changes. Over the past two decades, this method has delivered better financial outcomes for more American families.
