Advisor Group, a US network of independent wealth management firms, has recruited four independent financial professionals who oversee a collective USD259 million in total client assets to its platform.
The announcement adds to Advisor Group’s significant recruiting momentum so far in 2021, as the firm has brought in USD6.9 billion in assets under administration through May 28, versus USD2.33 billion for the same period in 2020 (a year-over-year (YOY) increase of approximately 196 per cent); USD2.6 billion in assets under management, versus USD1.53 billion in the prior year period (a YOY increase of 70 per cent); and 230 recruited financial professionals, versus 170 for the same period last year (a YOY increase of 33 per cent).
The four newly-recruited financial professionals have joined Advisor Group through its network member firm Royal Alliance Associates. Advisor Group also includes FSC Securities, SagePoint Financial, Securities America, Triad Advisors and Woodbury Financial Services.
Dmitry Goldin, President and CEO of Royal Alliance Associates, says: “We are excited to welcome these seasoned financial professionals with such varied experiences to our platform. While each of these professionals takes a unique and personalised approach to wealth management, they all share the commitment to superior client service and an entrepreneurial passion for growth that defines the Advisor Group and Royal Alliance communities. Their decision to join us demonstrates the scope of the value our platform provides to growth-oriented financial professionals.”
The financial professionals who have affiliated with Advisor Group and Royal Alliance are:
Paul Blow of Quantum Financial Management – USD60 million total client assets: Blow joins Royal Alliance through a branch office under one of its leading OSJs, Keystone Financial, led by Tom Nikles, a 38-year industry veteran. Blow provides wealth management and investment portfolio monitoring services, along with a focused approach to annuities, mutual funds, and ETFs to his clients throughout Eastern Pennsylvania.
Mathew Walsh of Jericho, NY – USD69 million total client assets: After 27 years in the industry, Walsh decided to join the Jericho office of Royal Alliance for the freedom and flexibility to provide his clients personalized products and services to support their goals and build his business. He was also drawn to Royal Alliance for its turnkey technology platform and strong transition support capabilities.
Jamie McBride and Scott Saffer of Cornerstone Wealth Partners in Winston Salem, NC – USD130 million total client assets: With a combined 44 years of experience, McBride and Saffer deliver comprehensive wealth management services to their clients within North Carolina’s Research Triangle. They chose Royal Alliance due in large part to its leadership team’s support for their business growth through coaching programs.
Greg Cornick, Advisor Group’s President, Advice & Wealth Management, says: “I am very pleased to welcome this new group of financial professionals to the Advisor Group family. Our impressive recruiting growth numbers attest to the strength of the Advisor Group and Royal Alliance platform, and the fact that we have become the destination of choice for growth-minded financial professionals. We congratulate Dmitry and his team on their hard work and continued success in attracting incredible talent through their strong personal leadership and dedication to serving financial professionals’ needs. The entire Advisor Group network stands ready to support them as they build their businesses, plan for succession, and most importantly, guide their clients toward their financial goals.”