TOPEKA, Kan., Dec. 18, 2018 /PRNewswire/ -- AE Wealth Management's impressive growth continues, with the firm achieving another growth milestone by surpassing $6 billion in total platform assets as of November 29, 2018. AE Wealth previously exceeded $5 billion in platform assets as of September 14, 2018, and took less than three months to add more than $1 billion in additional assets.
The firm seeks to help independent advisors grow their assets under management by providing practice management resources and investment solutions. To learn more about the benefits of aligning with AE Wealth, please visit http://www.aewealthmanagement.com.
"We are grateful to the independent advisors we partner with for sharing our commitment and our vision," said Chris Radford, President of AE Wealth Management. "Our ongoing asset growth demonstrates that our business model has enabled us to provide all of the resources for the independent advisory practices in our network to grow in a scalable manner, and serve clients better. Working together, we will continue to offer more investors across the country the products and services they need to pursue their long-term financial goals."
AE Wealth has grown steadily without ever accepting external capital or completing acquisitions. The accumulation of more than $6 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 one year to cross the $6 billion threshold.
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 Advisor & 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/.
"With more than 10,000 Baby Boomers turning 65 every day, financial advisors need to be on top of the latest trends and innovations in wealth management now more than ever," said David Bach, Co-Founder and Director of Advisor & Investor Education for AE Wealth Management. "Our education programs are essential for empowering advisors with cutting-edge techniques for helping their clients not only pursue financial goals, but enjoy their lives more both before and during retirement. This differentiator is vital for enabling independent advisors to remain competitive as well as profitable."
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 $6 billion in total platform assets, including $4.8 billion in regulatory assets under management, as of November 29, 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