Advisor Group and FSC Securities add two independent financial adviser businesses
Advisor Group, a network of independent wealth management firms, and network member firm FSC Securities, has recruited two independent financial professional businesses with a total of USD105 million in client assets. In addition to FSC Securities, Advisor Group also includes KMS Financial Services, Royal Alliance Associates, SagePoint Financial, Securities America, Triad Advisors and Woodbury Financial.
The two independent practices transitioning to FSC Securities include Richardson eWealth Strategies in Walnut Creek, California, with USD82 million in assets, as well as Houston-based John “JW” Holmes, with USD23 million in assets. The announcement reinforces FSC’s longstanding position as a leading destination for growth-driven financial professionals, combining a high-touch, boutique experience with enhanced value through the scale and resources of its parent company, Advisor Group.
FSC Securities President and CEO Derek Burke says: “It is an honour and privilege to welcome Clem Richardson and JW Holmes to the FSC and Advisor Group communities. Both financial professionals have exceptional track records, and we are excited to support them in this new stage of their careers. At FSC, we are in the business of helping financial professionals reach new levels of success. We look forward to working closely and collaboratively with Mr Richardson and Mr Holmes for years to come.”
Richardson eWealth Strategies is led by Clement Richardson, a 19-year veteran of the financial services industry who specialises in financial planning and wealth management services for high-net worth individuals and families.
JW Holmes has worked in financial advisory services for 11 years and has built a practice serving individuals, families, non-profits and institutions with financial planning and wealth management services. He is joining FSC through the firm’s largest Super-OSJ office Legacy One Group, which is based in Houston and led by Lea Goodman and Jerry Murphy.
Both Richardson and Holmes are first-time independent financial professionals.
Richardson says: “The dream of so many financial professionals across our industry is to build their own thriving business. As I embark on this new chapter of my professional life, I am confident about all that my business can achieve in partnership with FSC Securities and Advisor Group. The service culture, technology and advisor growth tools these organisations bring to the table are second to none, and we look forward to leveraging these resources to deliver an exceptional service experience to our firm’s clients.”
Holmes says: “FSC Securities and Advisor Group are the gold standard in the industry when it comes to helping practices like mine thrive, so when I decided to become an independent business owner, they were the logical choice of partners for me. I wanted to affiliate with firms whose support would allow me the freedom to serve my clients the best way possible, and I have that in FSC Securities and Advisor Group. Going forward, I am excited to utilise the incredible resources and expertise of FSC and Advisor Group as I build my business.”
Jamie Price, CEO and President of Advisor Group, says: “On behalf of the entire Advisor Group network, we welcome Mr Richardson and Mr Holmes to the family and congratulate FSC Securities on the recruitment of two financial professionals of their abilities. Our goal is to provide each of the more than 11,000 financial professionals affiliated with our wealth management firms with the services, platforms and technology they need to grow their businesses. Our financial professionals bring the drive, dedication and commitment to client service, and we bring the resources to help them succeed. As always, we are in our financial professionals’ corner and stand ready to support them in their ongoing growth.”