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January 25, 2018 at 05:40 AM
Carson Group — which is led by Ron Carson and includes Carson Group Coaching — said its revenues grew more than 240% in the past five years and that 20 new partner firms joined its ranks in 2017.
Its wealth operations now include 49 partner advisory firms and their 164 advisors, who have nearly $5 billion in assets under management and close to $11 billion in assets under advisement.
These advisors are upbeat on the year ahead. While they potentially have as much as $10.16 billion in assets under advisement in their business pipeline, the Carson Group says it could add as much as $3 billion in new AUA in 2018 by bringing in new partner firms.
It also announced plans to introduce a second-generation release of its Digital Client Experience, which helps advisors and clients by eliminating duplicative data entry, according to the firm.
Meanwhile the coaching program increased from 1,100 firms in December 2016 to more than 1,250 firms in December 2017.
“Each of these metrics underscore the ongoing investment we are making to become one of the select few powerhouse partners for advisor growth,” said Carson in a statement.
“We’re committed to providing unparalleled value to advisors,” he explained, “leveraging our ongoing research to identify and address the primary ‘anchors’ that are holding them back and the ‘engines’ that are propelling them forward.”
Late last year, Carson Group polled close to 200 advisors and industry executives to identify “anchors” that weigh down business growth and compelling “engines” that drive growth.
This survey revealed that advisors see difficult broker-dealer relationships as one “anchor.”
