Axos’s Eugene DeRango Joins $4B Advisor Network

Core Insights - CG Financial Services has appointed Eugene "Gino" DeRango as director of CG Advisor Network to enhance its advisory platform [1][4] - The firm aims to grow its assets under management (AUM) and strengthen its operational capabilities without seeking private equity funding [5] Company Overview - CG Financial Services is a hybrid registered investment advisor with $11 billion in assets under advisement and $4 billion in AUM [1] - Founded in 1999 by CEO Anthony J. Mazzali and a group of captive advisors in Haslett, Michigan, CG Financial focuses on supporting independent advisors [3] Leadership Changes - Eugene DeRango previously held senior positions at Axos Advisor Services and Goldman Sachs, bringing extensive experience to CG Financial [2] - Milene Plisko has been appointed as managing director of insurance operations, focusing on operational systems within the insurance division [4] Strategic Goals - The management additions are part of CG Financial's strategy to remain management-owned and avoid private equity funding [5] - The CG Advisor Network currently manages approximately $4 billion in AUM across 69 advisors, with DeRango tasked with its growth [4]