Sound Income Strategies RIA Reports 32% Increase to AUM

Registered investment adviser Sound Income Strategies reported a 32% increase to its assets under management on the previous year, equal to more than $3.5 billion in 2024. The RIA also highlighted its recruiting efforts having achieved a 7% increase in advisers, or 100 advisers nationwide.
According to Sound Income Strategies, its number of accounts last year grew by 22% to more than 23,000.
“More than 20 years ago, I saw the overlooked risks in the traditional 60/40 growth-oriented portfolio and took a bold step in a new direction,” said David J. Scranton, founder and chief executive officer of Sound Income Strategies. “I developed a philosophy centered on generating a reliable source of income in retirement while safeguarding principal, even amidst the uncertainties of the market and economy — a strategy that has not only empowered my clients but also inspired countless advisers to transform their practices with income-generating portfolios.”
Scranton’s income-generating focus uniquely prioritizes interest, dividends, and other income-generating investment vehicles, enabling clients to maximize their retirement income and total return on their investment dollars while minimizing unnecessary financial risks.
Sound Income Group comprises three full-service firms offering investment services, marketing, coaching, practice management, and franchise opportunities for the financial community. It operates Sound Income Strategies LLC; Sound Income Academy, a recruiting and marketing firm; and Retirement Income Source, a national network of Income Specialists who help clients establish steady streams of income.