Advisor Group B-Ds recruited 614 advisers last year

Parent of FSC, Royal Alliance, SagePoint and Woodbury added $13 billion in AUA.
JAN 23, 2018

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.

Latest News

Robinhood just made a bold move into AI-powered trading for the retail market
Robinhood just made a bold move into AI-powered trading for the retail market

Traders will be able to connect their own third-party AI agents to the brokerage platform.

Jamie Dimon signals up to $20 billion acquisition for JPMorgan
Jamie Dimon signals up to $20 billion acquisition for JPMorgan

The bank's outspoken CEO says it's scanning for deal targets even as geopolitical risks and elevated asset prices cloud the outlook.

Fintech bytes: Envestnet's Bill Crager wants to fix tech's disconnection dilemma
Fintech bytes: Envestnet's Bill Crager wants to fix tech's disconnection dilemma

Virtual family office platform Strad and Ai-native CRM slant are also supporting centralization for advisors with newly inked partnerships.

Advisor moves: Cetera's Commonwealth pitch draws public sector-focused veteran
Advisor moves: Cetera's Commonwealth pitch draws public sector-focused veteran

Meanwhile, Raymond James' employee arm welcomes a $550 million advisor from JP Morgan, and LPL attracts another advisor trio from D.A. Davidson.

Crypto has arrived in the brokerage account but what does it mean for advisors?
Crypto has arrived in the brokerage account but what does it mean for advisors?

Prometheum's Aaron Kaplan on why clearing ETH inside a US brokerage account changes the conversation and what still needs to happen before adoption scales.

SPONSORED When Growth Outruns the System

According to Flyer Financial Technologies, rising portfolio complexity is exposing the limits of legacy infrastructure and widening the gap between automation and reality

SPONSORED Why strategy matters more than performance

In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.