Commonwealth Financial Network has made a hefty addition to its rapidly growing advisory network as a family-led ensemble from Arizona joins from Osaic.
The fast-growing RIA announced Tuesday that Krueger Financial Services, a family-owned firm based in Tempe, Arizona, has officially become the latest partner in its independent network. The firm, previously affiliated with Osaic, manages over $630 million in client assets and includes a team of nine advisors, led by Kim Krueger, her brother Eric Krueger, and Tim Hill.
In discussing the transition, Kim Krueger emphasized the importance of aligning with a partner that understands the unique needs of an ensemble practice.
“One of the biggest challenges as an ensemble practice is that much of the industry hasn’t evolved to serve our business model,” Kim Krueger said in a statement Tuesday.
The partnership with Commonwealth is expected to offer the Krueger team not only a cultural fit but also the technology and resources necessary to optimize their operations.
“I’m highly focused on where I can gain additional efficiencies,” Krueger added. “Easy access to subject matter experts makes a huge difference.”
She also stressed the benefits of using an integrated platform for her practice as well as their clients, which includes family relationships that span four generations.
And Commonwealth’s integrated trading platform means I don’t have to use several systems to get something done—and neither do our clients, who can access what they need through one portal.”
The Krueger team is also looking to the future, with a particular emphasis on business continuity and succession planning.
“We also value the tools and resources around business continuity and succession, as our primary objective is to ensure our clients are well served for generations to come,” Krueger noted.
Becca Hajjar, managing principal and chief business development officer at Commonwealth, echoed the importance of the cultural fit, highlighting the shared values between the two organizations.
“As a family-owned practice, the Krueger team felt at home with our private ownership structure,” Hajjar said. “Also, like us, the team wants a decades-long partnership based around giving clients an outstanding experience.”
See which platforms and providers earned 5-Star recognition this year
Meanwhile, a multigenerational Cambridge team has hopped to LPL in Michigan, and Cetera's run of Commonwealth recruitment continues in New Jersey.
TIAA survey finds 53% of Americans worry about running out of money, as AI and medical advances scramble retirement income planning.
Two wirehouse veterans choose advisor-owned model as independents target ultra-high-net-worth clients beyond portfolio management.
Guardian's Nancy DeRusso tells InvestmentNews how advisors can help close the 'longevity gap'.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
