Genesis Wealth, a Chicago-based wealth management platform operating with LPL Financial as its broker-dealer and RIA, announced it surpassed $2.5 billion in assets under management (AUM). According to the company, the milestone reflects organic growth and recruitment of bank-based financial advisors.
“Our year-to-date recruiting success reflects the appeal of our model. Here, advisors can combine independence with a growth-oriented culture and strong operational support. We’re thrilled to welcome so many accomplished advisors to our platform and to help them advance their practices while delivering exceptional client service,” said Kosta Tanglis, Founder and Managing Partner at Genesis Wealth.
Founded in January 2024, Genesis Wealth provides a supported independence model, in which advisors gain flexibility, access operational, compliance and tech infrastructure, as well as office space and staff.
“These results are a testament to the hard work of our team and the strength of our advisor-first approach,” said Barry Krumwiede, Founder and Wealth Advisor at Genesis Wealth. “We’re committed to tripling down on this model and continuing to attract top talent from the banking world.”
Krumwiede said the firm has plans to expand its footprint in the Chicago area next year.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at michael.madden@wealthsolutionsreport.com.
