PHOENIX, Jan. 23, 2018 /PRNewswire/ -- Advisor Group today announced a record-breaking year of recruitment, with 614 financial advisors in total joining the company's four wealth management firms. Comprised of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial Services, Advisor Group is one of the nation's largest networks of independent financial advisory firms. The 614 advisors represent approximately $13 billion in client assets under administration (AUA).
"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 Jamie Price, President and CEO of Advisor Group. "As evidenced by last year's 32-city roadshow, we believe actions speak louder than words. For us, that means equipping our affiliated advisors to succeed by delivering solutions that help them best serve their clients. This, in turn, fuels their growth in this rapidly changing landscape."
Advisor Group's 614 new recruits in 2017 represent a 53% increase from the 400 advisors who were onboarded in 2016. The firm also experienced rapid growth in other areas of the business. Net new assets for the firm were up nearly 300% and, on average, Advisor Group's existing advisors boasted double-digit year-over-year revenue and AUA growth that exceeded that of the market. This 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.
Each of Advisor Group's firms demonstrated strong recruitment results over the last year:
- Woodbury Financial Services, headquartered in Oakdale, MN, brought on 213 new advisors in 2017, totaling $5 billion in AUA.
- SagePoint Financial, based in Phoenix, AZ, saw 171 advisors join in 2017, bringing $4 billion in AUA to the firm.
- Royal Alliance Associates, located in Jersey City, NJ, gained 172 advisors with a collective $3 billion in AUA.
- FSC Securities Corporation, headquartered in Atlanta, GA, welcomed 58 new advisors to their group last year, with $1 billion in AUA.
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About Advisor Group
Advisor Group, Inc. is one of the nation's largest networks of independent financial advisors serving over 5,000 advisors and overseeing approximately $190 billion in client assets. Headquartered in Phoenix, AZ, the firm is mission-driven to support the heroic role that advisors can play in the lives of their clients, offering securities and investment advisory services through its subsidiaries FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc., as broker/dealers, registered investment advisors and members of FINRA and SIPC. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial advisors and is committed to being in their corner every step of the way.
SOURCE Advisor Group