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Redhawk Wealth Advisors, a Minneapolis-based platform for impartial registered funding advisors with greater than $2 billion in cumulative property, has added Retirement Visions in West Hartford, Conn.
Based by President Jay Gershman in 2007, Retirement Visions is a retirement planning and wealth advisory follow with roughly 600 accounts and $245 million in managed property. The group of 10—together with three advisors—gives three tiers of economic planning companies and funding administration for people and households, in addition to company 401(ok) planning for small enterprise house owners.
In response to an announcement, Retirement Visions made the transfer from Securities America to leverage Redhawk’s “complete know-how stack, back-office companies and compliance,” which allowed the agency to transition accounts in a matter of months. It joined Securities America two years in the past after being affiliated with SSN Advisory, which was de-registered in 2020 after working afoul of the U.S. Securities and Change Fee for breach of fiduciary duties and failing to satisfy disclosure necessities.
“I needed to companion with a agency that would assist me develop my enterprise my method,” Gershman mentioned in an announcement, calling Redhawk “a real fiduciary companion that has my greatest curiosity in thoughts.”
“The first motive I joined Redhawk was for the flexibility and the liberty to provide my purchasers the most effective choices with respect to funding options, know-how and customer support,” he mentioned.
As a part of the partnership. Gershman is becoming a member of the platform’s advisory council to assist construct out advisor coaching and development assets obtainable to companion companies although its Redhawk College portal.
“Anybody who is aware of Jay is aware of of his passionate and inventive method to serving to purchasers,” mentioned Redhawk CEO Dan Hunt. “Jay has a singular method to serving to purchasers, households and companies, so we requested him to assist us help different advisors to develop their enterprise the identical method.”
Launched in 2008 and principally owned by Hunt, Redhawk is registered in 39 states and claims round $2 billion in property throughout greater than 30 companion companies providing monetary, retirement, legacy, insurance coverage and tax planning companies alongside funding administration which may be augmented by a proprietary Redhawk asset allocation course of dubbed Danger-Guard.
Different companies which have joined the platform’s ADV since early 2022 embody Patton Monetary Group, Criterium Monetary Advisors and Prime Rank Advisors.
Redhawk advisors serve round than 2,168 purchasers, in response to a current Kind ADV submitting, together with particular person households; trusts and estates; charities, foundations and endowments; non-profits; retirement plans; captive insurance coverage firms; and different companies.
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