TOPEKA, Kan., Sept. 25, 2018 /PRNewswire/ -- AE Wealth Management's ongoing growth has continued unabated, with the firm surpassing $5 billion in total platform assets as of September 14, 2018. AE Wealth had amassed more than $4 billion in total assets on its platform as of June 14, 2018, and took only three months to achieve its latest asset-growth milestone.
"We only grow if the independent advisors we work with also grow, so this is very much a shared achievement," said Chris Radford, President of AE Wealth Management. "Our consistent asset increases serve as an indication that the resources and support we provide meet the needs of our advisor partners. We will continue to work closely with the advisors in our network to empower them to effectively serve clients and manage their growing practices."
AE Wealth has grown steadily without ever accepting external capital or completing acquisitions. The accumulation of more than $5 billion in total platform assets follows two industry accolades for the firm:
- AE Wealth earned the number-two spot on Financial Advisor magazine's "RIA Survey and Ranking 2018," which lists the top 50 fastest-growing registered investment advisors (RIAs) with more than $250 million in assets under management. The magazine noted that AE Wealth experienced a year-over-year increase in assets of 303.64% from 2016 to 2017, and saw 72.61% growth in assets per client over the same period.
- AE Wealth was also listed as No. 2 on the InvestmentNews compilation of fee-only RIAs with at least $1 billion in assets that experienced the largest year-over-year growth in total assets, as of May 1, 2018. The firm succeeded in growing its total platform assets from close to $590 million at year-end 2016 to about $3 billion as of December 31, 2017, and took less than six months to cross the $4 billion threshold.
The firm seeks to grow its total platform assets by consistently enhancing its practice management resources and investment solutions for independent advisors. To learn more about the benefits of aligning with AE Wealth, please visit http://www.aewealthmanagement.com.
AE Wealth's growth is also powered by a diverse series of investor information and advisor training seminars created by David Bach, its Co-Founder and Director of Investor Education. Mr. Bach was named a finalist for Thought Leader of the Year in the 2018 WealthManagement.com Industry Awards. To obtain more information about AE Wealth's informational and training initiatives for advisors and investors, please visit https://wealth.advisorsexcel.com/david-bach-investor-education/.
"The wealth management industry has changed a great deal over the past several years, and will continue to do so—just like the goals and needs of the investors and families we serve," said David Bach, Co-Founder and Director of Investor Education for AE Wealth Management. "Our seminars and other informational offerings enable independent advisors to understand evolving client expectations, and provide the advice and experience that today's clients find most valuable."
About AE Wealth Management
AE Wealth Management is one of the fastest-growing registered investment advisory (RIA) firms in America, offering an open-architecture platform of investment solutions and practice management resources that independent financial advisors can use to help their clients work towards their financial goals. Advisors can demonstrate greater value for clients and grow their practices by utilizing the cutting-edge technology—and the broad array of investment strategies and asset classes from consistently vetted and monitored money managers—on AE Wealth Management's platform. The insights and tools from AE Wealth Management enable advisors to obtain a holistic view of each client's financial universe in one place.
AE Wealth Management oversees approximately $5 billion in total platform assets, including $4.2 billion in regulatory assets under management, as of September 20, 2018. For more information, please visit www.aewealthmanagement.com.
AE Wealth Management, LLC ("AEWM") is an SEC Registered Investment Adviser located in Topeka, Kansas. AEWM may only transact business in those states in which it maintains a notice filing or qualifies for an exemption or exclusion from registration requirements.
SOURCE AE Wealth Management