Published by Gbaf News
Posted on July 19, 2018
Woodbury Financial Services (Woodbury), an independent financial advisory firm with more than 1,200 advisors across the country, today announced that it has closed its previously announced acquisition of Capital One Investing’s in-branch, full-service investment advisory and brokerage division, which managed or administered approximately $10 billion in client-invested assets.
The Capital One advisors who joined Woodbury will have access to a flexible, open-architecture system that offers them state-of-the-art technology, business coaching, and wealth management solutions.
They will also enjoy dedicated field support through Woodbury’s Regional Vice President model.
“We’re pleased to announce the successful close of this acquisition,” said Rick Fergesen, president and CEO of Woodbury Financial Services, Inc. “As Woodbury continues its growth trajectory, we remain committed to upholding our values and providing outstanding support to the advisors we serve. It’s our pleasure to welcome our new advisors into the Woodbury family, and to see them so well-positioned to continue to meet the needs of their clients while building sustainable practices.”
The smooth closure of this acquisition follows a record-breaking recruiting year for Woodbury, which saw the addition of 213 new advisors – with a combined $5 billion in AUA – in 2017. Woodbury’s parent company, Advisor Group, also achieved double-digit growth last year in both revenue and AUA as it introduced new products and services to help advisors continue to grow their businesses.
“We’re confident that our depth of resources, flexibility, and strong business coaching programs will provide our new advisors the support they need to continue to grow their businesses and best serve their clients.” said Jamie Price, president and CEO of Advisor Group.
Woodbury Financial Services (Woodbury), an independent financial advisory firm with more than 1,200 advisors across the country, today announced that it has closed its previously announced acquisition of Capital One Investing’s in-branch, full-service investment advisory and brokerage division, which managed or administered approximately $10 billion in client-invested assets.
The Capital One advisors who joined Woodbury will have access to a flexible, open-architecture system that offers them state-of-the-art technology, business coaching, and wealth management solutions.
They will also enjoy dedicated field support through Woodbury’s Regional Vice President model.
“We’re pleased to announce the successful close of this acquisition,” said Rick Fergesen, president and CEO of Woodbury Financial Services, Inc. “As Woodbury continues its growth trajectory, we remain committed to upholding our values and providing outstanding support to the advisors we serve. It’s our pleasure to welcome our new advisors into the Woodbury family, and to see them so well-positioned to continue to meet the needs of their clients while building sustainable practices.”
The smooth closure of this acquisition follows a record-breaking recruiting year for Woodbury, which saw the addition of 213 new advisors – with a combined $5 billion in AUA – in 2017. Woodbury’s parent company, Advisor Group, also achieved double-digit growth last year in both revenue and AUA as it introduced new products and services to help advisors continue to grow their businesses.
“We’re confident that our depth of resources, flexibility, and strong business coaching programs will provide our new advisors the support they need to continue to grow their businesses and best serve their clients.” said Jamie Price, president and CEO of Advisor Group.
