Merger Creates One of the Largest Locally Owned Financial Services Firms in Ohio
Skylight Financial Group and Lighthouse Wealth Solutions announce today that they are to join forces to create what will be one of the largest locally owned financial services firms in the state of Ohio. Operating under the Skylight Financial Group name, the new firm will have over 260 professional financial professionals, a support staff of more than 50 individuals and just over $5 billion in assets under management. The result of the merger will see nearly 50 new employees move into the City of Cleveland to their Ohio City headquarters. Additionally, the MassMutual Ohio organization will also join the other two organizations resulting in complete coverage of the state in four major locations, Cleveland, Cincinnati, Dublin, Ohio and Toledo, Ohio.
Building on their excellent reputations, the two firms will mesh together to provide a first-class client experience by delivering a greater depth of knowledge and strength across disciplines.
Paul Fox, current managing partner of Skylight Financial Group, who will jointly head the new organization, said “This is an exciting time and a major step for Skylight. Combining our talents and resources means we can extend the breadth and depth of our practice and deliver a superior service to our clients than the two separate firms could have done. The merger will enable us to be a strong player in Cleveland and throughout Ohio and our team are fired up about the opportunities this will bring. We are building something really special and are looking forward to a shared new future.”
Mike Connole, current managing partner of Lighthouse Wealth Solutions, who will head the new organization alongside Paul Fox, said, “There’s great synergy between the two firms and we now have the scale and ambition to deliver great outcomes for our clients in Cleveland and throughout Ohio. We will be guided by our fundamental belief to do right by our clients in providing personalized financial advice and by our three basic principles of collaboration, community and connection. A brighter future lies ahead which is good for us, good for Cleveland and good for Ohio.”
Cleveland City Councilman Kerry McCormack, added “We have partnered with Skylight for several years and are delighted to hear that they are strengthening their presence throughout Ohio. Since moving their main office to Ohio City in 2014, they have made a tremendous impact in our community through their outreach and significant contribution to our economy. The additional 50 jobs will be a further boost to our neighborhood and we wish them every success with their plans for growth throughout Ohio.”
Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC. OSJ: 2012 W. 25th Street, Suite 900, Cleveland, OH 44113 216-621-5680. MassMutual is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies.