AmeriFlex reaches $11.5B milestone as 2024 provides strong growth

investmentnews.com:

The AmeriFlex Group has hailed its innovative programs for attracting advisors and achieving strong growth for its hybrid RIA business.

In the first three months of 2024, the firm added 16 advisors managing $1.9 billion in client assets, taking its overall total to more than $11.5 billion. The first-quarter growth marked a 17% increase. Since AmeriFlex was founded in 2019, it has seen a 1,000% increase in client assets and now supports more than 160 advisors nationwide.

The firm says its programs aimed at succession and ownership, together with an advanced financial planning platform, make up the secret sauce driving its success.  

“Our dedication to continuous improvement and providing solutions that make a difference in advisors’ lives have enabled our firm to drive significant growth since our creation,” said Thomas Goodson, AmeriFlex Group founder and CEO. “From our incredibly popular SuccessionFlex program to the recently launched AmeriFlex Group X, a program to help OSJ practices take advantage of our scale and resources, our team is dedicated to pushing our industry forward and delivering results for our advisors and clients.”

The programs include the option for advisors to sell between 30% and 40% of their revenue stream to the company alongside a succession and continuity agreement. It also has a program enabling smaller firms to take advantage of its scale and relationship with Osaic.

“We’re thrilled our message, approach and culture continue to resonate with advisors and firms nationwide,” said Jesse Kurrasch, the firm’s chief operations officer. “Our innovative programs and solutions allow advisors to drive growth, deliver results for their clients and reduce the operational burden of running their own RIAs.”