Hybrid registered investment advisor (RIA) companies V Wealth and Wealth Consulting Group (WCG) have merged.
Based in Kansas, the US, V Wealth offers impartial independent advice and customised client service.
The company, which was founded in 2009, specialises in extensive financial and investment management for individuals, retirees, executives and business owners.
V Wealth is supported by an independent research team at the independent broker-dealer firm LPL Financial.
The firm has more than $2bn of assets under advisement and 43 investment advisor representatives.
V Wealth managing partner Tom Blumer said: “The WCG team provides exactly what our advisors have been asking for, which are additional services they believe are valuable to their clients.
“WCG has created solutions that independent advisors are seeking with economics for the advisor that are second to none.”
Following the merger, Wealth Consulting Group’s total assets under advisement will be increased to more than $7bn and more than $5bn of assets under management.
Besides, Wealth Consulting Group custodies RIA assets with TD Ameritrade, Charles Schwab, and Fidelity.
The company is projected to have 145 investment advisor representatives, 12 registered representatives who leverage LPL’s corporate RIA and 41 branch office locations affiliated with the firm spread throughout the US.
Wealth Consulting Group offers a support platform to help independent financial advisors deliver comprehensive wealth management services.
It offers centralised services including investment strategies, insurance brokerage, financial planning, marketing, admin, practice management, office space, M&A support and various other services for their advisors.
Wealth Consulting Group CEO and founder Jimmy Lee said: “The V Wealth team led by Tom Blumer, Brett Lange, and Dan Cherra is a group of great advisors who are committed to bringing the best-in-class services to their clients.
“We believe that WCG’s unique value proposition combining the financial planning support to advisors and flexible separate account investment management strategies will help the former V Wealth advisors offer more value to their clients.”
