The AmeriFlex Group, a Las Vegas-based advisor-owned hybrid RIA affiliated with Cambridge Investment Research, recruited Jacob Reid and his four-person Capital Insight Financial Group team from Osaic. Livermore, California-based Capital Insight manages approximately $354 million in client assets.
“The AmeriFlex Group is an advisor-owned and truly independent firm where like-minded professionals, such as Jacob and his team, can thrive,” said Thomas Goodson, its CEO and Founder. “As we continue to speak with advisors from across the industry, we constantly hear that flexibility and autonomy are top priorities of entrepreneurial, growth-minded advisors. Jacob and his team are a remarkable fit for our group, and we’re excited to support their continued growth.”
“As I considered the next phase of my career, I knew that I needed to partner with someone who respected my experience and abilities to shape the future of my practice,” Reid said. “Working with Tom and the entire AmeriFlex Group leadership team made it clear that they would provide the right level of support and flexibility for me and my team.”
This summer, AmeriFlex transitioned to Cambridge as its broker-dealer partner. Shortly after that, the firm recruited Summit Financial & Insurance Group, which represented $280 million in total client assets, also from Osaic.
“Choosing to partner with Cambridge has enabled our team to deliver better options for our advisors and streamline our recruitment process,” Jesse Kurrasch, COO of AmeriFlex. “In just three months, we’ve already welcomed several teams that represent a combined $634 million in total client assets to our firm.”
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
