Independent broker-dealer The Investment Center added 12 advisors to its team of 274 investment and financial advisors during the second quarter 2018, increasing its AUM by $500 million, the company stated. Since July 2017, AUM has increased by $1.1 billion, bringing total AUM to $7.3 billion.
CEO Ralph DeVito attributed the growth to several factors, including “strong” recruiting, technology updates, back-office service, marketing support and a coaching program, he said in a statement. In addition, the firm has worked at expanding its Women Advisors Group.
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Culture seems to be the key ingredient for new advisors’ decision to join the independent broker-dealer. “When we visited The Investment Center home office and met the entire team, I knew immediately that we’d found our home. The people and the culture are unique in the industry and we look forward to a long, successful relationship with the firm,” said Victoria Tomaro, founder and managing director of the Tomaro Financial Group LLC, who joined the firm a few months ago.