#USA #Las Vegas #financial advisory #Wealth Consulting Group #Andy Kalbaugh

The Wealth Consulting Group Expands with New Leadership

The Wealth Consulting Group (WCG), recognized as one of the fastest-growing hybrid Registered Investment Advisor (RIA) platforms, has recently made significant strides in its growth strategy by appointing
Andy Kalbaugh as President. This appointment comes as WCG seeks to bolster its scaling efforts, enhancing the platform's value for its partners while delivering a comprehensive wealth management experience.

A Leader in Wealth Management

Andy Kalbaugh brings over three decades of extensive experience in wealth management to WCG. Before his role at WCG, Kalbaugh was the Managing Partner at Cassique Strategies, a boutique advisory firm focusing on strategic planning for wealth management enterprises. His prior achievements include serving as Managing Director and Divisional President at LPL Financial, where he oversaw the growth and retention of independent financial advisors nationwide. His strategy and insights are expected to align with WCG’s vision of prioritizing advisor independence and enhancing their service delivery.

As WCG continues to grow rapidly—from 30 advisors managing approximately $800 million in assets under administration (AUA) in 2014 to 123 advisors with $8.8 billion in client assets by May 2025—Kalbaugh’s leadership is anticipated to facilitate a smooth transition for advisors seeking to develop their practices while preserving their client relationships.

Support for Advisors

Kalbaugh’s vision for WCG includes expanding the firm's advisor solutions, particularly through its unique partner channel. This channel is specifically designed to assist advisors in transitioning their businesses without losing control or client continuity, showcasing WCG’s commitment to maintaining an advisor-centric culture at its core.

Jim Lee, the Founder and CEO of WCG, expressed his enthusiasm, stating, "We are excited and deeply grateful to welcome Andy to the WCG family. Our goal is to build something truly special—an advisor-centric platform that supports seamless business transitions while focusing on client relationships." This sentiment underscores the firm’s dedication to empowering advisors and enhancing client experiences.

Navigating New Challenges

Kalbaugh highlights the pressing challenges facing RIA firms amidst ongoing industry consolidation and growth trends. The firm intends to assist advisors in navigating succession and monetization processes, securing further avenues for expansion and enhancing overall growth opportunities. This proactive approach positions WCG to help advisors thrive in an evolving marketplace.

Moreover, as consolidation in the wealth management space intensifies, Kalbaugh emphasizes the importance of a friction-free growth acquisition plan, which many RIA enterprises struggle to develop and execute. WCG aims to meet these challenges head-on, establishing an environment where advisors can flourish without the need to change firms.

A Vision for the Future

Kalbaugh concluded with optimism regarding WCG’s potential, stating, "I hope to elevate Wealth Consulting Group to new heights, establishing the firm as a pioneer in forging new pathways to growth that benefit the enterprise, the financial advisor, and the end client."

With such ambitious goals, the strategic alignment between Kalbaugh and WCG is set to propel the firm into a new phase of purpose-driven expansion. This dynamic shift not only enhances the firm's capability to serve its clients and advisors effectively but also reinforces WCG's status as a leader in the wealth management sector.

As the firm continues to position itself for further growth, the appointment of Andy Kalbaugh signals an exciting commitment to fostering innovation, advisor independence, and the empowerment of financial advisors across the nation.