Archived News

Firm's Senior Leaders Address Top-of-Mind Subjects for Advisors, Including Recent Acquisition by Reverence Capital, Reg BI and Cybersecurity

The recent passage of Reg BI comes at a time when the advisor-client relationship is already becoming more collaborative, open and transparent. The future of advice will be one in which clients are empowered by technology to work with their advisors to take further ownership of their financial lives.

Financial advisors who stayed with Advisor Group as it changed hands twice in four years will reap the rewards of their loyalty to the tune of $50 million in awards from the firm. “We wanted to do something for them to say thank you,” says Advisor Group CEO Jamie Price.

One element of the cybersecurity discussion that is often overlooked is that the biggest threat to many advisory firms is not actually to client accounts but instead to the advisory brand.

Jamie Price, President and Chief Executive Officer of Advisor Group, said, “Advisor Group’s commitment to providing advisors with industry-leading tools, resources and flexibility extends to the critical area of cybersecurity. Our new CyberGuard Program leverages our scale to offer a suite of state-of-the-art cybersecurity tools that enable advisors to ensure that clients’ sensitive personal data is kept safe and secure. All the efforts of our top-notch group of security experts ladder up to our core mission – to stand in our advisors’ corner, supporting them every step of the way.”

Jamie Price and other Advisor Group executives will hold the town hall-type meeting so advisers can get a general briefing from Mr. Price, as well as updates on Reg BI, enhancements to cybersecurity, improvements to unified managed accounts and other topics.

Advisor Group, one of the nation’s largest networks of independent broker-dealers, has announced the launch of eQuipt for Financial Planning, a financial planning system that makes it easier to bring clients of any wealth level onto the company’s platform.

Advisor Group named a finalist in the following categories – Practice management, technology, transition support, chief marketing officer of the year, and corporate social responsibility and diversity

Reverence Capital Partners (“Reverence Capital”), a private equity firm focused on investing in financial services businesses, today announced that affiliated investment funds have signed a definitive agreement to acquire Advisor Group, Inc. (“Advisor Group” or “the company”) from Lightyear Capital, PSP Investments and other shareholders.

Firms on the Advisor Group network of broker-dealers have lured three women-led teams collectively overseeing $250 million, according to news reports.

Advisor Group, one of the nation’s largest networks of independent wealth management firms, comprised of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial, received the third highest ranking in the J.D. Power 2019 U.S. Full-Service Investor Satisfaction Study – scoring 843 points, 11 points over the industry average.

Woodbury Financial Services (Woodbury), an independent wealth management firm, today announced the successful completion of its recruitment of over 400 financial advisors from Questar Capital Corporation and Questar Asset Management Inc., subsidiaries of Allianz Life Insurance Company of North America, increasing the firm’s number of affiliated advisors to 1,600 professionals across the country.