Archived News

Advisor Group announced the successful recruitment of Compass Wealth Solutions, an Indiana-based wealth management practice with three financial professionals that oversees $221 million in total client assets. Compass Wealth Solutions joins Advisor Group through its network member firm Woodbury Financial Services.

While MyCMO was a boon to financial advisors—based on a recent Advisor Group press release, platform users generated 50% higher annual revenues relative to non-users during the pandemic—the platform has become an increasingly vital tech-enabled asset for Super-OSJ firms in the ongoing advisor recruiting wars.

The data shows that in 2020, MyCMO subscribers experienced year-over-year revenue growth rates approximately 50% higher on average than non-subscriber growth rates. For financial professionals with annual revenue between $100,000 - $250,000, who are perhaps earlier in their careers, year-over-year growth rates were greater than 200% higher when compared to non-subscribing counterparts. Even financial professionals with over $1M in annual revenue saw revenue growth rates 30% higher than those achieved by non-MyCMO users.

Advisor Group, one of the nation’s largest broker-dealer networks, has launched several new programs designed to help its advisors develop business and make their enterprises more efficient. The new programs are targeted at both experienced financial advisors and those new to the industry.

Advisor Group, a network of independent wealth management firms, has recruited GL Capital and East Coast Advisory, two wealth management practices based in Pennsylvania that collectively oversee $323 million in total client assets. Both wealth management practices have joined Advisor Group through its subsidiary and network member firm Triad Advisors for brokerage services. They will work with Triad Hybrid Solutions, one of Triad’s two corporate registered investment advisors, to support their fee-based business.

While everyone will welcome a return to normalcy, advisors need to realize that the digital marketing and communications approaches they embraced during the ‘virtual’ days are here to stay—and while some will continue to be ‘go-to’ strategies, others will see their roles adjusted for the post-pandemic world.

"Ninety percent of leadership happens through conversation." President and CEO Jamie Price discusses his leadership philosophy and shares how his father's influence set him on an unexpected path to becoming an influential leader in the financial services industry in Real Assets Adviser's recent profile article.

Advisor Group, a US network of independent wealth management firms, has added three financial professionals in California and North Carolina with a total of USD120 million in client assets. The professionals include Daniel Sutton and Chris Paydock of Sunset Wealth Advisors in Roseville, California and Kevin Swan in Raleigh, North Carolina.

Erinn Ford sat down with Financial Advisor to discuss her new position as head of advisor engagement at Advisor Group.

She succeeds former CEO Jeff Auld, who recently announced his retirement, and rounds out a trio of female leaders atop the Advisor Group IBD.

Team to Partner with Financial Professionals to Develop Programs That Drive Growth and Enhance Service Experience While Fostering Deeper Sense of Community. Ford to Build Business-Model Segmentation Approach to Fulfill Unique Needs of Each Financial Professional, Delivering Personalized Service on Scalable Basis.

The Covid-19 pandemic has impacted nearly every facet of our lives, but few more so than our interpersonal relationships. Some relationships that were inessential have faded, while those that are truly important have become more central than ever.