Firm Attributes Success To Advisor Ownership, Unique Succession Program And Financial Planning Platform
Hybrid RIA The AmeriFlex Group announced it now has over 100 financial advisors located in 14 states, overseeing $6.5 billion in client assets. More than 75% of these advisors are equity owners in the advisor-owned firm.
“During a period of massive consolidation, we chose to build a wealth management firm that aims to empower financial advisors to put planning first and deliver innovative services that support them at every stage of their career,” said Thomas Goodson, AmeriFlex’s Founder and CEO. “Since founding in the firm in 2019, our focus on the needs of our advisors has been the key to our success.”
The firm’s SuccessionFlex program, launched in 2021, brought in 12 advisors. The program gives advisors an option, before retirement, to sell from 30% to 40% of their current revenue stream to the firm with no minority ownership discount. No equity ownership transfers when the advisor joins the program, and the only requirement is that the advisor remains affiliated with AmeriFlex. Advisors can sell either to the firm or another affiliated partner advisor.
In May, the firm announced the AmeriFlex Premier+ platform, an automated financial planning solution that provides customizable “what-if” scenarios reflecting transitional client situations such as retirement, purchase or sale of a home or business, divorce or loss of a loved one. The tool aims to equip advisors and their clients with a real-time approach to informing life-altering decisions.
“Programs like SuccessionFlex, AmeriFlex Premier+ and the advisor-owned RIA option set us apart from other top tier hybrid RIAs across the country,” said Goodson. “We believe that delivering these kinds of innovative programs along with best-in-class practice management, succession planning, and acquisition consulting support make the choice clear that The AmeriFlex Group is the right firm for established advisors to build their practice for the long-term as they consider the next phase of their personal and professional lives.”
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.