Cambridge announced Tuesday its decision to take a strategic minority stake in the AmeriFlex Group, an advisor-owned hybrid RIA firm that reports about $13 billion in total client assets.
Cambridge's investment aims to accelerate the expansion of SuccessionFully, AmeriFlex Group's "single-source" succession platform, with the goal of facilitating advisor ownership transitions as a means of maximizing overall enterprise value.
"Strengthening our partnership with Cambridge enhances our ability to support advisors planning for retirement or long-term continuity," Thomas Goodson, founder and CEO of the AmeriFlex Group, said in a statement.
Goodson pointed to a recent J.D. Power study showing that 46% of financial advisors are expected to retire by 2035, creating greater urgency for scalable, advisor-centered succession-planning resources.
"This investment enables us to expand the platform nationally, enhance advisor resources and continue protecting the legacy each advisor has built," Goodson added. "The scale of advisor retirements facing the industry represents a real succession crisis, and too many advisors are left navigating that transition without aligned support or transparent options."
The investment follows Cambridge becoming the AmeriFlex Group's broker-dealer partner in July. In the following six months, the AmeriFlex Group has added 11 advisors and more than $1 billion in total client assets.
Jesse Kurrasch, chief operating officer of the AmeriFlex Group, said key goals include expanding succession-focused advisor education, strengthening deal-structuring support, growing the marketplace of succession opportunities and enhancing continuity planning.
"This investment strengthens our relationship with Cambridge and provides momentum to expand our succession platform nationally," Kurrasch said.
Exact terms of the deal were not disclosed, but the AmeriFlex Group remains majority advisor-owned and independently operated.
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