It’s been a good year for The AmeriFlex Group, a hybrid RIA that reached $11.5 billion in assets under management on its platform earlier this year and has grown further in the months since.
The Las Vegas headquartered firm which marks five years in 2024 since its founding in 2019 now has $13 billion AUM on the platform as its network of pillar partner advisors has grown to more than 200 with exponential growth anticipated.
The firm says it is on track to have more than 315 financial advisors on its platform by 2026, an achievement it believes is down to its innovative programs and industry-leading succession support for the advisors it works with.
"We continue to attract incredible financial advisors to our firm because we ensure our team has the resources, solutions and support they need to succeed," said The AmeriFlex Group founder and CEO Thomas Goodson. "While some firms focus on growth at all costs, we are dedicated to growth that supports our advisors and provides them with a home that will ensure a smooth transition at all stages of their careers, especially for their own retirement."
Jesse Kurrasch, CFP, RICP, CFF, the firm's chief operating officer, also highlighted the importance of ensuring that advisors have a solid plan for their own retirement, when the time comes.
“We believe that supporting every aspect of an advisor's practice, especially succession upon retirement, is one of the most critical aspects of our work at The AmeriFlex Group,” he said. “By arming retiring advisors with customizable programs to monetize their lives and work, we make it easier for them to transition out of the industry with no concerns about their clients' well-being or their personal legacy."
The firm offers a succession support program called SuccessionFlex which includes an option for advisors to sell 30% to 40% of their current revenue stream to The AmeriFlex Group, with no minority ownership discount. The firm has provided approximately $10 million in payouts since launching the program.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.
