Advisor Group Breaks Recruiting Record in 2017
Advisor Group, one of the nation's largest networks of independent financial advisors, had a record-breaking 2017 with the recruitment of 614 financial advisors with approximately $13 billion in client assets joining the company's four wealth management firms.
Advisor Group, one of the nation’s largest networks of independent financial advisors, had a record-breaking 2017 with the recruitment of 614 financial advisors with approximately $13 billion in client assets joining the company’s four wealth management firms. The 614 new recruits represent a 53 percent increase from the 400 advisors who were onboarded in 2016.
Advisor Group is comprised of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, and Woodbury Financial Services.
“2017 was our best recruiting year yet. I am proud that our culture and story is resonating in the industry. Our team has demonstrated what it means to be ‘in your corner’ for advisors, and our recruiting results reflect that,” said Advisor Group president and CEO Jamie Price.
Advisor Group also reported rapid growth in other areas of the business. Net new assets for the firm were up nearly 300 percent and, on average, the firm’s existing advisors boasted double-digit year-over-year revenue and assets under administration growth that exceeded that of the market.
The company said that the growth was fueled by the simplification and reduction of ticket charges, combined with the introduction of new products and services designed to help advisors thrive in a fiduciary era.
Woodbury Financial brought on 213 new advisors in 2017 with $5 billion in AUA. SagePoint Financial saw 171 advisors join last year, bringing $4 billion in AUA to the firm. Royal Alliance gained 172 advisors with a collective $3 billion in assets, and FSC Securities welcomed 58 new advisors to their group last year, with $1 billion in AUA.
Headquartered in Phoenix, Advisor Group has 5,000 advisors overseeing approximately $190 billion in client assets.
