Milestone showcases company’s continued growth in managing
assets through partnerships with independent financial advisors and
institutional customers alike
Valmark Advisers, Inc., a subsidiary of Valmark Financial Group,
LLC, celebrates achieving $10 billion in assets under management
and advisement through its SEC-registered investment adviser. As
one of the country’s top back-office firms supporting
multi-disciplinary wealth management practices, Valmark traces its
beginnings to 1963 as a life insurance general agency and producer
group.
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In 1997, Valmark expanded its offerings through the additions of
Valmark Securities (a FINRA-registered broker-dealer) and Valmark
Advisers, Inc (a SEC-registered investment adviser). Today, Valmark
is uniquely positioned to offer its Member Firms and clients a
platform of products, services, and advice that seamlessly
integrates insurance, investment advisory and broker-dealer
solutions. As a result of continued strong growth over the last two
decades, fee-based investment advisory is now the largest portion
of Valmark’s revenue, followed closely by the company’s life
insurance business.
“I joined Valmark in September 2003, when we only had about $150
million in AUM, with only about $5 million of that managed
internally,” said Michael McClary, Chief Investment Officer,
Valmark Financial Group. “Over the past two decades, our team has
done an unbelievable job in growing our firm in partnership with
our Member Firms and institutional customers. Further, we have been
able to grow our assets organically without a single acquisition,
building one account at a time.”
Valmark estimates its assets under management and advisement
rank it near the top 50 RIAs in the country, most of which have
grown by acquisition (Source: Financial Advisor Magazine RIA Survey
& Ranking 2024). Valmark believes there are only a handful of
firms in the U.S. who have grown organically in the way that it
has.
“This is a testament to our investment offerings, culture, and
the amazing people we serve,” said McClary.
The Valmark Portfolio Management Team focuses primarily on asset
allocation, exchange-traded funds (ETFs), fixed income, and
derivatives. However, they support a wide portfolio of offerings
designed to serve investors with a well-rounded offering. Launched
in 2002, Valmark’s TOPS® ETF portfolio offering is one of the
longest running and largest ETF portfolio offerings available.
Likewise, Valmark manages investment assets for about 20 different
life insurance companies and several derivative-based strategies
(involving both futures and options).
In 2021, Valmark launched its innovative TOPS® Global Equity
Target Range™ Index, which serves as the reference index for the
WisdomTree Target Range Fund, an options-based ETF pairing
diversified underlying global exposure with options-based risk
management.
“As we celebrate this significant milestone, the majority of the
credit belongs to our dedicated employees and Member Firms,” said
Lawrence J. Rybka, JD, CFP®, Chairman & CEO of Valmark
Financial Group. “While ETFs are now firmly established as a low
cost, transparent building block at many asset management firms, we
were pioneers in this space. Michael has done a tremendous job of
helping our firms lead this part of the business. We continue to be
ahead of much larger players when it comes to innovation in this
space.”
David McKechnie, Founder of Beauport Financial Services in
Gloucester, MA, a Valmark Member for 20 years, has experienced the
benefits of partnering with Valmark. “It has been one of the
greatest honors of my career to partner and grow alongside
Valmark,” said McKechnie. “From Day 1, we have been growing
together in unison. We have pushed each other to improve our
businesses, our communities, and ourselves.”
Frank Bevilacqua II, President of W3 Wealth Management in Akron,
OH, another Valmark Member for 20 years, reached out to
congratulate Valmark stating, “W3 would not be where it is today if
it were not for my dad’s decision to partner with Valmark in 2003.
Congratulations to Larry, Caleb, Michael and the entire Valmark
team on this significant milestone.”
As Valmark continues to build on its legacy of excellence, Caleb
Callahan, CFP®, President of Valmark Financial Group, shares his
optimistic outlook for the company’s future. "Valmark has a storied
history and a legacy of excellence that is truly unmatched. Our
firm has never been stronger or better positioned to serve our
partners and clients than we are today. As we look toward the
future, we are more committed than ever to upholding our tradition
of innovation, unwavering support for those we serve, and sole
purpose to Bring the Golden Rule to Life."
About Valmark Financial Group, LLC
Valmark Financial Group is a holding company of several
subsidiaries, including Executive Insurance Agency, Inc., a
national producer group; Valmark Securities, Inc., a broker-dealer
and member of both FINRA and SIPC; Valmark Advisers, Inc., a U.S.
Securities and Exchange Commission registered investment adviser;
and the Valmark Policy Management Company, LLC, which provides
ongoing policy management and monitoring services for life
insurance policyholders. With a proud history of working with
independently owned financial services firms committed to high
ethical standards in over 30 states throughout the United States,
Valmark offers a wide range of insurance and investment solutions
for high net-worth clients. Headquartered in Akron, Ohio with
operations in St. Paul, Minnesota, Valmark, through its affiliated
entities, has helped its member firms place over $60 billion of
life insurance death benefits and manage insurance policies with a
cumulative cash value of over $8 billion dollars. Valmark’s
affiliated RIA, Valmark Advisers, has an estimated $10 billion in
assets under management and advisement, including approximately
$1.2 billion in variable sub-account assets within its TOPS® funds.
To learn more about Valmark Financial Group, visit
www.valmarkfg.com. To learn more about the TOPS® program, visit
www.topsfunds.com.
Securities offered through Valmark Securities, Inc. Member
FINRA/SIPC. Investment Advisory services offered through Valmark
Advisers, Inc., a SEC Registered Investment Advisor.
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Jamie Summerville – VP, Communications Valmark Financial Group
130 Springside Drive Akron, OH 44333 P: 330.576.1234 x3609 E:
jsummerville@valmarkfg.com www.valmarkfg.com