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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