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.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
