Wealth Consulting Group Forms New Advisory Board to Accelerate Growth Strategy

The Wealth Consulting Group (WCG), known as a rapidly expanding hybrid RIA and wealth management platform, has taken a noteworthy step in reinforcing its strategic framework by creating a non-fiduciary Advisory Board. This initiative is part of WCG's overall ambition to bolster its operational capabilities, scale technology solutions, and ultimately enhance the client experience. The newly appointed board's composition reflects a rich diversity of leadership from across the wealth management sector, ensuring it possesses the insights required to steer the firm towards its growth objectives.

Key Appointments

The Advisory Board has been formed with notable industry veterans joining the ranks of WCG leadership. The inaugural members recently announced include Stuart DePina, Jason Ehrlich, and Paul Kim, who will work alongside WCG’s President, Andy Kalbaugh, and other key executives.

Stuart DePina

Previously the President of Envestnet, DePina brings a wealth of experience from his extensive tenure in leadership roles within WealthTech. His career has seen him at the helm of several growth-stage enterprises and serving as a partner at KPMG. His entrepreneurial spirit and deep industry knowledge will be instrumental in shaping WCG's strategic approach moving forward.

Jason Ehrlich

With a robust background in wealth management and private equity, Ehrlich previously held the position of Managing Director and Head of Investments at Emigrant Partners. His previous experience includes significant roles at TowerBrook Capital Partners and Onex Partners, making him an asset to the Advisory Board as WCG seeks innovative strategies for growth.

Paul Kim

Kim operates as the CEO and co-founder of Simplify Asset Management while also heading Simplify ETFs. Over his 25-year career, he has been a prominent figure in ETF development, having worked at prestigious institutions including Principal Global Investors and PIMCO. His analytical prowess will guide WCG in navigating complex market conditions and maintaining competitive advantages.

Advancing WCG's Vision

The formation of the Advisory Board aligns with WCG's broader mission to refine its services and ensure its financial advisors can deliver unparalleled value to their clients. According to Jimmy Lee, the Founder and CEO of WCG, the collective insights of the board members are poised to transform the firm's operational philosophy. By fostering advisor independence and enhancing transitions in business, WCG aims to place client relationships at the forefront of its services.

Kalbaugh, now serving in a pivotal role after his appointment as president, emphasized the criticality of expanding the Advisory Board. The expectation is for the board to not only support existing growth trajectories but also innovate solutions for future scaling. WCG is particularly focused on growth via mergers and acquisitions (M&A) and fostering environments that allow advisors to thrive and enhance their market standings.

Strategic Initiatives on the Horizon

WCG's strategy is multifaceted, aiming to utilize the vast experience of the Advisory Board to strengthen its organic growth capabilities. By streamlining the succession and monetization processes, WCG plans to empower its advisors to pursue expansions effectively, ensuring a smoother transition and bolstered longevity in client relations.

The Advisory Board's members are enthusiastic about contributing to WCG's ongoing evolution. DePina expressed his excitement in working alongside WCG’s executive team and fellow board members, highlighting WCG's exceptional track record of success without relying on external resources. Ehrlich echoed this sentiment, stating WCG is uniquely positioned to support mid-sized firms in a market increasingly succumbed to consolidation, thus delivering vital resources that have been key to past successes.

Kim, likewise, expressed pride in joining the board, remarking on WCG's dual capacity to provide high-quality, sophisticated financial advice while remaining accessible to the client base.

The new Advisory Board's senior leadership is set to play an essential role in guiding WCG through a transformative phase. As the firm pushes forward, leveraging its innovative approach and commitment to advisors, it stands to further enhance its stature within the wealth management landscape.

Conclusion

The establishment of the Advisory Board marks a significant milestone for The Wealth Consulting Group. With its assembly of experienced leaders, the firm is poised to navigate the complexities of the financial landscape while ensuring its advisors have the tools needed to succeed. This proactive strategy not only promises to elevate WCG’s operational capabilities but also emphasizes its foundational commitment to improving outcomes for clients.

Securities are offered through LPL Financial, and investment advice is provided through WCG Wealth Advisors, LLC. WCG Wealth Advisors, LLC operates independently from LPL Financial.

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