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ADVISOR SUPPORT PLATFORMS Registered Investment Advisors (RIAs)
PRIVATE ADVISOR GROUP
Advisor Alignment & Equity Program
In March/2022, Private Advisor Group introduced its Advisor Alignment & Equity Program to provide advisors an opportunity to invest in its collective success through participation in a jointly owned Growth Partnership entity. Participants sell a portion of revenue—typically from 10%-20%—for upfront cash and equity; they gain access to additional working capital to fund growth opportunities in areas such as continuity/succession planning, hiring,
marketing and M&A. Participants receive a review of short- and long-term business goals and an assessment of practice plans, expenses, and business health. Participation is voluntary; advisors maintain independence and operational control of their businesses. This program provides advisors with direct economic interest in the overall Private Advisor Group community and serves to elevate and expand the value of their practice.
Founded in 1997 in Morristown, NJ, Private Advisor Group is one of the nation’s leading financial services firms. With over $25 billion in assets under management as of December 31, 2022, the firm leverages its resources to deliver strategies positioned to improve financial outcomes for individual investors—and to inspire growth, fiduciary adherence, succession, and a client-centric approach for independent financial advisors’ practices. Barron’s has recognized Private Advisor Group as a top-ten registered investment advisory firm since 2019. From solo practitioners to large firms and other RIAs and wealth managers looking to wind down operations, Private Advisor Group is on a mission to form meaningful relationships with advisors, inspire entrepreneurs to build successful independent businesses and change the lives of everyday investors. Through its various affiliation models—including acquisitions, tuck-ins and traditional advisor recruiting— Private Advisor Group supports and solves challenges that are unique to every advisory business.
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WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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