Advisor Group B-Ds recruited 614 advisers last year

The Advisor Group, the Phoenix, Ariz.-based parent of four independent broker-dealers, said that recruited a record 614 advisers last year. The firm, which consists of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial Services, said in a release that the recruited registered representatives account for approximately $13 billion in client assets under administration. The number of recruited advisers represents a 53% increase from the 400 advisers added in 2016, the company said. Breaking down the additions by broker-dealer, the Advisor Group said that Woodbury brought in 213 advisers and $5 billion in AUA; SagePoint added 171 advisors with $4 billion in AUA; Royal Alliance gained 172 advisers with $3 billion in AUA; and FSC added 58 advisers with $1 billion in AUA.