Abby Salameh, Chief Growth Officer, and Shannon Spotswood, Chief Executive Officer of RFG Advisory, discussed the growth prospects of independent advisors.
Spotswood enjoys the Wealth Management EDGE conference because there is broad industry participation and opportunities to discuss investments, technology platforms, and growth strategies. Attendees expressed great enthusiasm for the future of the industry. One of the most exciting industry trends is the organic growth opportunities for independent advisors, especially surrounding the intergenerational transfer of wealth.
After growing their practice, independent advisors become interested in their options regarding M&A and rollups but may have angst regarding the variety of options. There has been a blurring of the lines between aggregators, innovators, and integrators.
RFG Advisory is focused on helping advisors build their businesses without compromise. RFG works with advisors on marketing tools to amplify their brand and grow AUM from a range of $50 million to $300 million to a range of $300 million to $1 billion. Delegating marketing and operational tasks can help advisors spend more time having fun with their clients and their lives.
Resources: