DALLAS, April 13, 2016 /PRNewswire/ -- Retirement Advisors of America (RAA), one of the nation's largest independent registered investment advisors, and Advisor Financial Services, LLP (AFS), a leader in pre-retirement investment planning for airline employees, today announced that the companies are merging in order to provide clients with additional resources and expanded services. With more than $2.3 billion in assets under management, the merger will result in RAA being the largest financial services firm focused on serving the unique needs of the airline community.
RAA is the recognized expert in providing airline crewmembers and their families with retirement financial planning and comprehensive wealth management services. While Advisor Financial serves the same airline niche, it focuses on pre-retirement planning, 401(k) management and wealth accumulation strategies for airline employees earlier in their careers. The merger represents a strategic blend of specialized industry expertise that enhances the combined company's ability to serve every member of the commercial airline industry whether actively employed or retired.
"We are very excited about the opportunity to combine the strengths and resources of two industry leaders serving the airline industry," said John Bentley, president and CEO of RAA, headquartered in Dallas. "Our firms are strategically aligned and complement each other extraordinarily well. This enhances our capabilities, expertise and service as the leading financial advisory firm for the airline community. We're able to guide our clients from their first day on the job, all the way through retirement and post-retirement financial planning, providing a new level of security for families that are enjoying the various stages of life."
As a result of the merger, Advisor Financial, which is based outside of Atlanta, will operate under the Retirement Advisors of America brand. The current Advisor Financial leadership team and staff will continue driving daily business operations and providing exemplary service to existing clients, while integrating into key roles in executing RAA's long-term growth strategy. The merger is part of a strategic growth initiative that began in 2015 when RAA announced a partnership with HBC Investments.
"Our merger with an exemplary company like RAA ensures ongoing stability, support and continuity for our clients, whether they are in the prime of their earning years or just beginning to save and invest for retirement," said Carl Youngdale, founder and managing partner of Advisor Financial Services. "We're very excited about what this means for our clients who work really hard to be able to provide for their families and want a comprehensive way to plan for today and many years down the road. They'll benefit greatly from RAA's more than 30 years of retirement and post-retirement experience."
Bentley said that in addition to their mutual expertise within the airline industry, the two firms have similar cultures and a shared vision for client service. "It's not only about service and products, but also about transparency in everything we do and an unwavering commitment to putting the clients' interests first," he said.
About Retirement Advisors of America
Retirement Advisors of America is one of the nation's largest independent registered investment advisors, specializing in serving commercial airline pilots and their families. RAA services include 401(k) professional management, retirement planning, investment management, estate planning1, survivor assistance, insurance guidance, Medicare consulting, long-term care insurance consulting and tax services1. The Dallas-based firm serves more than 2,000 pilots, representing all major airlines and living in all 50 states, and currently has $1.8 billion under management. Barron's has cited RAA as one of the top 100 independent financial advisors in the United States, and Financial Times rates it as a top 300 financial advisor. Learn more about RAA at www.raa.com.
1 RAA is not a CPA or law firm and does not prepare tax returns or give legal advice.
About Advisor Financial Services, LLP
Based in the greater Atlanta area, Advisor Financial Services, LLP is a fee-only financial services company priding itself on an independent, objective approach to doing business that's rooted in a single goal—delivering peace of mind to clients through its disciplined financial risk management process. It provides investment management, planning and consultation for individuals and families. Because of their experience and thorough understanding of the lifestyle and issues relevant to clients, staff members are able to work with and guide clients through life's major financial waypoints. Learn more about AFS at www.advisorllp.com.
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SOURCE Retirement Advisors of America