Archived News

Advisor Group announced the successful recruitment to its network of James Putnam and Babak "Bobby" Payvandi, a pair of financial advisors based in the greater Sacramento, Calif. area that collectively oversee $174 million in total client assets.

Advisor Group President and CEO Jamie Price shares how revisiting his family's estate plans taught him about the growing importance of emotional intelligence, or EQ, in the advisor/client relationship.

Advisor Group launched several enhanced technology platforms including Express Onboarding, a newly designed Advisor Business Hub portal, and an upgraded customer relationship management platform for its 10,100 or so financial professionals who the company said now oversee over $475 billion in client assets.

The advisors are joining Advisor Group subsidiary Royal Alliance Associates through one of its most successful Super-OSJ groups – Bellevue, Wash.-based Pacific Capital Resource Group (PCRG).

​Advisor Group announced the successful inclusion of three independent wealth management practices that collectively oversee $498 million in client assets. The three practices are joining Advisor Group through SagePoint Financial and one of SagePoint's fastest-growing hybrid RIAs, Las Vegas-based The AmeriFlex Group®.

Advisor Group, the nation's largest network of independent wealth management firms, today successfully concluded the fourth annual NxG Conference, a two-day virtual experience for top-performing financial professionals in the first 15 years of their careers. The event featured workshops, discussion groups and networking opportunities to develop skill sets, learn from peers and build enduring businesses.

The COVID-19 pandemic forced serious changes in the way many advisors do business, from the largest wirehouses to independent practices. They leaned into technology in new ways and offered more holistic wealth management approaches, such as answering questions about PPP loans and the benefits of cryptocurrency.

Advisor Group has hired Amy Hamilton, former executive vice president and chief audit executive for LPL Financial, as the firm’s new chief of staff and head of internal audit. The addition is the latest move in the firm’s efforts to tap top talent and build out its executive ranks in the wake of its acquisition of Ladenburg Thalmann, said President and CEO Jamie Price.

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.