Woodbury Adds Two Colorado Advisory Firms with $378 Million in Combined AUA
Woodbury Financial Services, an independent broker-dealer in the Advisor Group network, has added Life Wealth Principles and National Financial Advisors.
Woodbury Financial Services, an independent broker-dealer in the Advisor Group network, has added Life Wealth Principles and National Financial Advisors, which have a combined $378 million in assets under advisement.
Golden, Colorado-based Life Wealth Principles, which currently services more than $312 million in AUA, provides investment management services, with an emphasis on tax planning, retirement income planning, and family wealth planning. Led by president Mitch Moore, the firm was previously affiliated with Next Financial Group for 13 years.
Headquartered in Denver, Colorado, National Financial Advisors services approximately $66 million in AUA and specializes in executive benefits planning, income distribution planning, portfolio management, and business succession planning. The firm, headed by Thomas Niver, was previously affiliated with Kestra Financial Services for 16 years.
“Advisors are choosing Woodbury because we have the size and scale to thrive in the fiduciary era but, more importantly, because we haven’t lost sight of what this business is all about: relationships,” said Nathan Anderson, regional vice president at Woodbury.
Advisor Group is one of the nation’s largest networks of advisory firms with 5,000 advisors and approximately $190 billion in client assets. The firm’s subsidiaries include FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc.
Woodbury Financial Services has more than 1,200 affiliated independent financial advisors and is headquartered in Oakdale, Minnesota. The company, which recently acquired Capital One Investing’s full-service investment management and brokerage division, has $39 billion in assets under advisement.
