Press Releases

1st Global Attracts $522 Million in New Advisory Assets during First Quarter of 2017

Apr 12, 2017

Fee-based advisory platform has grown nearly 17 percent since last year

DALLAS — Apr. 11, 20171st Global, an independent wealth management partner to exceptional CPA firms, announced today that its fee-based advisory platform received $522 million in new assets across 1,900 new accounts during the first quarter of 2017, the largest quarterly inflow in the platform’s 13-year history. 1st Global’s Investment Management Solutions (IMS) platform now has $8.4 billion in assets under management, up nearly 17 percent over the past 12 months.

“While uncertainty surrounding the Department of Labor (DOL) Fiduciary Rule and other forces affecting the financial advice industry has stopped many financial advisors in their tracks, our affiliated partners and home office teams have seized the opportunity to proactively engage their clients,” 1st Global Executive Vice President Jeff Magson, CRPC, said.

The end of 2016 proved to be the fourth-best quarter in the IMS platform’s history, attracting more than $401 million in new assets, while the first quarter of 2017 topped them all.

Momentum has been building for the IMS platform over the past year. Holly Peritz, an accomplished executive with diverse financial services experience, was hired in July 2016 as AVP of Wealth Platforms to oversee the strategy and execution of the growing platform. In November, the company introduced IMS Prime, a new advisory program. With a simple fee structure that is open to accounts with balances of at least $5,000 or greater, the IMS Prime program is intended to provide a way for investors to gain access to the IMS platform.

“We’ve realigned our teams to better support our affiliated CPA firms as they focus on providing holistic financial services to their clients,” Peritz said. “The IMS platform is now serving more clients than ever before. With the guidance and backing of our experienced financial professionals and their tax-integrated approach, our CPA wealth manager partners are equipped to confidently serve the complex needs of clients.”

IMS is 1st Global’s fee-based advisory platform that provides clients of its affiliated CPA firms access to multiple advisory programs supported by well-defined investment beliefs, intellectual rigor, research and asset allocation models developed by 1st Global’s Investment Management Research Group and its accomplished strategic advisors. Whether investors are focused on accumulating wealth or preserving it, the investment flexibility and options of the IMS platform allow CPA wealth managers to play a pivotal role in helping their clients work toward their goals and honor the important promises they’ve made to their loved ones.

For more information on 1st Global, visit the company’s website at www.1stGlobal.com.

About 1st Global

1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.

Securities are offered through 1st Global Capital Corp., which is a Member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.


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