Advisor Group Says It Plans To Continue Aggressive Growth In 2023
From Financial Advisor Magazine:
Aggressive growth through mergers and acquisitions, as well as active recruiting, should continue at Advisor Group, a network of independent wealth management firms, despite a drastic industry-wide slowdown in advisor movement that occurred at the end of 2022, according to Greg Cornick, president of advice and wealth management for Advisor Group.
Advisor Group, one of the largest networks of independent wealth management firms in the nation, has an active pipeline of mergers and acquisitions, as well as recruiting, coming up this year, Cornick said in an interview.
“This may be just an Advisor Group perspective, but we are hitting on all cylinders and expect that continue,” Cornick said. “I think the volatility that is disrupting the market has pushed thoughts of moving to the forefront for some advisors.”
Advisor Group added more than 1,800 financial advisors to its network last year, the firm reported today. With the addition of the advisors came $84.2 billion in total new client assets through its strategic growth strategy.