Financial Results

Advisory Services Group Trumpets AuM Growth, Says Vindicates Business Model

Editorial Staff 28 February 2024

Advisory Services Group Trumpets AuM Growth, Says Vindicates Business Model

The firm concentrates on independent advisors in the segment spanning firms with between $20 million and $500 million in assets under advisement and management – which, it says, has been underserved in the past.

Advisory Services Network, which provides turnkey solutions for independent advisors, has passed above the $7 billion AuM mark 14 years after it was founded.

The group concentrates on advisors with between $20 million and $500 million in assets under management or advisement. ASN says this market segment has been traditionally underserved.

ASN works with more than 125 advisory practices which collectively include over 200 registered advisors.

“This is the latest significant milestone for our team and is a testament to the steady growth we have been able to achieve in recent years,” Tom Prescott, co-founder and managing member of ASN, said in a statement.

Ohio
Separately, as announced this week, Ohio Valley Wealth Management, has joined ASN. The firm is led by Scott Molina. His newly independent firm has $130 million in client assets under management. 

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