Private Advisor Group (PAG), recognized as one of the 200 fastest growing Registered Investment Advisors in the U.S.*, announced today its first half of 2020 advisor recruited AUM is continuing at an accelerated pace, doubling compared to the same time period in 2019.1

Independent advisors from virtually every region of the U.S. joined PAG from well-known companies, including Wells Fargo, Merrill, Raymond James, Cambridge, Cetera, Northwestern, and Securian.

In addition to AUM, there was a significant increase in the percentage of women advisors added, almost 50% higher than the current industry average of 17%2. Most advisors who transitioned to PAG cited the ability to leverage an enhanced independent structure while being part of a family, the focus on growing their firm and support of their client focus and fiduciary duty - all while remaining compliant.

"Advisors who come to PAG are looking for a well-connected support system that allows them to grow and expand their independence while upholding their fiduciary duty. At PAG, they can achieve both," says Pat Sullivan, co-founder and managing director. "We are also thrilled with the increase in the number of women advisors who have joined our team, some of whom provide comprehensive wealth planning to mostly women clients. Our goal is to support gender balance in our industry, and we look forward to supporting their growth and success," said Sullivan.

The advisors added during the first half of 2020 spanned comprehensive wealth planning across the globe to local wealth planning and leveraged different independent structures and had various client sizes. The one component they all have in common is that they are in a period of significant growth.

About Private Advisor Group

Private Advisor Group's mission is to help advisors grow their business by providing a suite of services that enables them to stay focused on their clients. In 2019, PAG was ranked #3 on Barron's Top 50 RIA firms and named as one of the fastest-growing firms by WealthManagement.com.