Genesis Wealth, a Chicago-based wealth management platform and non-OSJ branch office in LPL Financial, announced that its advisors now serve over $3 billion in client assets. The firm said this growth is derived organically and through advisor recruitment, without mergers, acquisitions or tuck-ins.
“What was once a distant aspiration now stands as a clear validation of the firm’s philosophy and operating model,” said Founder and Managing Partner Kosta Tanglis. “Genesis Wealth was founded with a commitment to advisors in mind: doing transitions the right way. We were built to help advisors create lasting businesses with autonomy, support and integrity. Along the journey, we’ve learned that clients follow trusted advisors when transitions are handled thoughtfully and compliantly.”
Genesis Wealth began in 2020 as a concept focused on providing a supported independence platform for experienced bank advisors, which launched as a division of Professional Wealth Advisors in January 2021. It provides advisors with office space, staffing, technology and operational support.
Its recruiting efforts focus on breakaway advisors operating in banks and non-protocol situations. The firm attributes its growth to a compliance-focused approach that emphasizes preparation and adherence to transition rules.
Peter Manning, a Partner and Wealth Advisor at Genesis Wealth, said, “Even during the transition, Genesis Wealth gave me confidence, provided structure as well as operational support. The collaborative culture here among advisors and our ability to fully focus on clients has helped me grow faster. I’m confident the platform equips advisors like me to build sustainable, long-term businesses that will support us throughout our careers.”
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