AmeriFlex Group Shifts $11.8 Billion in assets to Cambridge Investment Research
Table of Contents
- 1. AmeriFlex Group Shifts $11.8 Billion in assets to Cambridge Investment Research
- 2. AmeriFlex Group’s Pursuit of Growth Drives Cambridge Partnership
- 3. Osaic’s Viewpoint on the Transition
- 4. Cambridge’s Platform and Affiliation Models
- 5. Key facts at a Glance
- 6. The Evolving Landscape of Financial Advisory Firms
- 7. Frequently Asked Questions
- 8. What are teh potential long-term implications of this asset transfer for client portfolios within the AmeriFlex Group?
- 9. AmeriFlex Group’s $11.9B Assets Transition to Cambridge Investment Research from Osaic
- 10. Key players adn the Transaction
- 11. Impact of the Move: A Deep Dive
- 12. Why Cambridge Investment Research?
- 13. The Financial Advisor’s Perspective
- 14. Industry Implications and Future Outlook
Fairfield, IA – In a critically important move within the financial advisory landscape, The AmeriFlex Group, a hybrid registered investment advisory firm, has transitioned to Cambridge Investment Research from Osaic Wealth. The deal involves approximately $11.8 billion in client assets and brings 129 financial advisors under Cambridge’s umbrella.
This transition underscores the ongoing shifts and realignments occurring within the wealth management sector, and financial advisors are closely watching the events unfold.
AmeriFlex Group’s Pursuit of Growth Drives Cambridge Partnership
According to AmeriFlex Group,their decision to join Cambridge Investment Research was motivated by a need for enhanced resources to further their growth and achieve their business objectives.
Thomas Goodson, CEO and Founder of AmeriFlex Group, emphasized Cambridge’s independence and clear strategic vision.”With the rampant consolidation happening across our industry, Cambridge stands out as the only truly independent, scaled wealth management platform in our industry that also has a very clear and detailed plan to stay that way,” Goodson stated.
AmeriFlex Group, headquartered in Las Vegas and established in 2019, has experienced significant growth, adding over $3.4 billion in client assets and 53 advisors as of last year. The firm’s leadership includes COO Jesse Kurrasch, chief Transitional Wealth Officer Hannah Buschbom, and CCO Diana Heu.
Did You know? Cambridge Investment Research has been helping independent financial professionals for over 40 years. Learn more about Cambridge.
Osaic’s Viewpoint on the Transition
Osaic characterized the split as mutually agreed upon, aligning with their strategy to concentrate investments on business models that support growth-oriented advisors. They highlighted that over half of AmeriFlex advisors and associated assets aligned with Osaic’s vision have remained with the firm.
“We are delighted that over half of the ameriflex advisors and associated assets that are strategically aligned with our vision and platform have already chosen to remain with Osaic and look forward to welcoming others who will opt to stay affiliated with Osaic,” an Osaic spokesperson said in a statement. “We look forward to our continued partnership with these advisors and to supporting them in their growth. We also continue to invest in our strategically aligned OSJ community, including supporting established protocols of OSJs not proactively recruiting from other OSJs.”
Cambridge’s Platform and Affiliation Models
The partnership with Cambridge will enable AmeriFlex to expand its affiliation models, introducing a W-2 component for advisors and a Registered Investment Advisor (RIA)-only option.
SuccessionFlex, AmeriFlex’s succession planning program launched in 2021, allows advisors nearing retirement to enter into succession and continuity agreements, potentially selling a portion of their revenue stream to AmeriFlex.
Pro Tip: Succession planning is becoming increasingly significant for financial advisors. Ensure yoru long-term plans are clearly defined.
Key facts at a Glance
| Firm | Previous Affiliation | Assets Moved | Advisors Moved |
|---|---|---|---|
| AmeriFlex Group | Osaic Wealth | $11.8 Billion | 129 |
As of March, Cambridge possesses $102.4 billion in assets under management (AUM), according to its latest Form ADV.
This move raises several questions: How will this partnership impact the services available to clients? And what other trends can we expect to see in the evolving landscape for financial advisors?
The Evolving Landscape of Financial Advisory Firms
The financial advisory industry is increasingly characterized by consolidation, with firms seeking greater scale and resources to serve their clients effectively. This trend is driven by factors such as rising compliance costs,the need for advanced technology,and the desire to offer a broader range of services.
For investors, consolidation can mean access to more sophisticated investment strategies and a wider array of financial planning services. However,it is crucial to evaluate how these changes might impact the personalized attention and client-advisor relationship they value.
Frequently Asked Questions
What are your thoughts on the increasing consolidation in the financial advisory industry? Share your comments below.
What are teh potential long-term implications of this asset transfer for client portfolios within the AmeriFlex Group?
AmeriFlex Group’s $11.9B Assets Transition to Cambridge Investment Research from Osaic
The financial advisory world witnessed a meaningful strategic move as AmeriFlex Group,under the leadership of Jesse Kurrasch,shifted its assets,totaling a substantial $11.9 billion,from Osaic to Cambridge Investment Research.
Key players adn the Transaction
this high-stakes transaction highlights the ongoing evolution within the self-reliant broker-dealer (IBD) and registered investment advisor (RIA) sectors. The primary players involved are:
- AmeriFlex Group: The financial advisory firm initiating the transfer.
- Osaic: The previous broker-dealer housing AmeriFlex’s assets.
- Cambridge Investment Research: The independent broker-dealer and RIA receiving the substantial asset influx.
Impact of the Move: A Deep Dive
The implications of this asset transfer extend beyond mere numbers. It represents a vote of confidence in Cambridge Investment Research and strategically reposition AmeriFlex Group. This move reflects a desire for possibly enhanced support, services, or a different approach to financial planning and investment management tailored to their clients’ needs.
Key factors at play generally include:
- Technology Infrastructure: Upgrading how digital and financial products can be accessed and viewed.
- Platform and Support: Streamlining of financial advice.
- Investment Management Adaptability: More personalized financial advice for clients.
Why Cambridge Investment Research?
Cambridge Investment Research has established itself as a prominent player in the IBD and RIA space.Key aspects that might have attracted AmeriFlex Group include:
Potential Benefits:
- Reputation and Stability: A solid track record and financial strength within the industry.
- Resources and Support: Offering a range of services, including technology, compliance, and practice management support.
- Platform and Services: Providing a favorable environment for advisors to manage client assets and grow their businesses.
The Financial Advisor’s Perspective
For financial advisors within AmeriFlex Group, the move to Cambridge Investment Research potentially offers several advantages:
- Enhanced Client Experience: Improved tools and resources to serve clients.
- Business Growth Opportunities: Access to elegant technology to expand advisor business’s capabilities.
- Flexibility & Independence: Cambridge values that allow advisors to personalize client plans.
| key Consideration | Cambridge investment Research Advantage |
|---|---|
| Technology Platform | Advanced tools for client reporting,portfolio management,and market research. |
| Compliance Support | Robust compliance programs to navigate regulations. |
| Practice Management | Resources to help advisors grow their business in an efficient and scalable way. |
| Investment options | Extensive product offerings including active investment and passive investment solutions. |
Industry Implications and Future Outlook
This transaction underscores the competitive nature of the IBD and RIA landscape. Several trends are influencing such shifts, including:
- Consolidation: The ongoing trend of firms merging and consolidating.
- Technological Advancement: The need for cutting-edge technology.
- Regulatory Compliance: Navigating a complex regulatory environment.
The financial advisory industry is dynamic,and further shifts can be expected in the years to come.
This significant transfer of assets signals a dynamic shift in the investment advisory landscape. This move has implications for wealth management,investment strategies,and client relationships within the industry and is one to keep a close eye on.
