The AmeriFlex Group has welcomed a five-advisor, $400 million team in Centennial, Colorado, to its fast-growing network.
ERSI Wealth Management comprises Stephen Brubaker, Jim Brubaker, Gary Sidder, Brian Brubaker, and Jenny Kast. The firm supports individuals with their financial goals as well as helping business owners to manage their 401(k) plans.
ERSI Wealth was previously affiliated with Kestra.
The decision to switch firms was driven by choice rather than necessity, says Stephen Brubaker, who joins AmeriFlex as partner-advisor.
“While we weren't unhappy with our previous relationship, after speaking with others who moved to The AmeriFlex Group, we felt it was critical for us to examine how working with this team could help our firm thrive in the future," he said. "After discussions with their leadership, it was clear the culture and strategy of this firm were right for our practice."
AmeriFlex advisors offer securities through Osaic.
The AmeriFlex Group had a record breaking year in 2023, adding 60 advisors overseeing more than $2.75 billion in client assets. The 56% year-over-year growth pushed its year-end total to 153 advisors in 29 states overseeing approximately $9.5 billion in assets under administration.
It also rolled out a proprietary planning solution called AmeriFlex Premier+ and also announced a new way for smaller firms to take advantage of its resources and scale, The AmeriFlex Group X.
"Size matters more than ever before, and this new program will enable our team to provide this increasingly critical segment of the industry a way to take full advantage of the solutions and support we provide our advisors," said Jesse Kurrasch, COO at AmeriFlex. "Additionally, we have a pre-built succession feature to provide continuity and monetization of their business."
The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
David Lau, founder and CEO of DPL Financial Partners, explains how the RIA boom and product innovation has fueled a slow-burn growth story in annuities.
Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."
Meanwhile in Chicago, the wirehouse also lost another $454 million team as a group of defectors moved to Wells Fargo.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
