Combination of business coaching, investment strategies and RIA solutions founded by industry innovator David Scranton to support independent financial professionals who want to become income specialists
Company Strengthens Leadership Team by Hiring Senior Advisory Group Executives in Key Strategy, Technology and Operations Roles
FORT LAUDERDALE, Florida., October 5, 2022 /PRNewswire/ — Healthy income groupa Fort Lauderdale, Florida-diversified financial services company with approximately $1.7 billion of Total Assets in Deliberation, today announced its creation as a pioneering income-driven wealth management platform for independent finance professionals. Sound Income Group consolidates Sound Income Strategies, the Retirement Income Store and Advisor Academy under one parent company, with each of the three businesses operating as closely-knit subsidiaries.
Each of the constituent companies of Sound Income Group was founded by David Scrantonwith the formation of the new company expected to enable each business to accelerate its capabilities to support independent finance professionals with a mission to provide personalized income solutions and resources to investors across the country.
In the same vein, Sound Income Group also announced the hiring of several senior wealth management executives to advance the company’s strategic growth plans by seizing the huge opportunities in an increasingly more focused on the search for yield.
David Scrantonwho will serve as CEO of Sound Income Group, said, “In my more than 30 years of providing retirement and wealth management services, I have never seen a more critical time to make income generation the cornerstone of successful financial planning.
“Our new structure brings together three highly complementary companies to create a platform that offers the best possible solutions, support and knowledge to independent finance professionals who want to become income specialists who guide clients towards a truly safer retirement. in an increasingly uncertain economic landscape.”
Greater than the sum of its parts
Sound Income Group’s family of wealth management and insurance businesses has an impressive track record of success and ambitious plans for future growth.
Each of the three companies that make up Sound Income Group addresses a critical professional inflection point and set of opportunities for finance professionals who are, or seek to become, income specialists.
- Solid Income Strategies is one of the fastest growing independent RIAs in the country, exclusively focused on fee-based consulting revenue solutions. The firm is the destination for independent income specialists looking for a complete, turnkey advisor support experience. The company also offers its income advisory solutions as a third-party asset manager to wealth management firms that want to deliver sophisticated income strategies to their finance professionals without the costs and complexities of organically building these abilities.
- The Retirement Income Store enables entrepreneurial financial advisors to provide personal retirement planning services to clients through a franchise model. The Retirement Income Store is a Field Marketing Office (FMO) that provides its franchisees with a clear regional marketplace, turnkey marketing programs, and comprehensive support tools and resources to grow their businesses. By becoming a franchisee, advisors avoid the start-up hassles and brand-building challenges of starting their own business. Clients benefit from a unique, proven and transformative approach to income generation and greater retirement security.
- Counselor Academy helps independent annuity producers achieve high growth and success as income specialists for their clients. The company simplifies the business of independent annuity producers by consolidating all of their work on a single platform while offering personalized coaching, mentoring and growth strategies. The Advisor Academy helps advisors achieve their Series 65, teaches them how to manage fixed income and other income-generating investments, and educates them on best practices in marketing, closing new business and operating efficient.
New management team
Several senior executives with senior management experience from Investacorp and Merrill Lynch have been hired to help Sound Income Group execute its strategic growth plans and meet the investing public’s needs for innovative retirement income solutions.
To support its expanding staff and management team, Sound Income Group and its business units will move in October to a new 12,000 square foot facility in Fort Lauderdale, Florida, head office as part of its strategic plan. The new office space will include a state-of-the-art broadcast studio with three sets and remote power capabilities.
The composition of the company’s management team includes:
- patrick farrell, chairman of Sound Income Group, a 35-year veteran of the financial services industry who previously served as CEO, president, chief operating officer and chief financial officer at Investacorp, owned by Advisor Group. He began his career as an accountant and CPA at Arthur Andersen & Co.
- Rana ChanderChief Operating Officer of Sound Income Strategies and Chief Technology Officer for Advisors’ Academy, has over 20 years of wealth management experience and was previously Chief Operating Officer and Chief Information Officer at Investacorp Inc. Previously , he was vice president of Global Database Technology for Merrill Lynch.
Mr. Scranton concluded: “I am delighted to see such immense talent and experience joining the management team of Sound Income Group. Patrick and Rana have been leaders in the wealth management space for decades and intuitively understand how to create exceptional experiences for advisors and clients and develop a I look forward to working with them to propel each of our units to the next level. superior.
“Advisors’ Academy, The Retirement Income Store and Sound Income Strategies have operated in their own silos for years, even though their business strategies are closely intertwined. With a new holding company and corporate headquarters bringing all of our employees under one roof, we can move forward with a truly cohesive strategy that continues to drive excellence in every division.”
About Sound Income Group
Sound Income Group is made up of three companies providing comprehensive marketing, coaching, practice management, investment services and franchise opportunities for the financial community. Learn more about www.soundrevenugroup.com.
About Healthy Income Strategies
Sound Income Strategies, LLC is a registered investment advisory firm with over $1.7 billion in assets under management. Sound Income Strategies’ team of CFAs and portfolio managers actively manage clients’ portfolios of individual income-generating securities with the goal of maximizing income first and growth opportunities second. Sound Income Strategies’ income-driven business model is proven to help advisors retain clients during down markets. Learn more about https://soundincomestrategies.com/.
About The Retirement Income Boutique
The Retirement Income Store is a subsidiary of Sound Income Group, LLC. Although it launched nationwide in 2019, The Retirement Income Store’s history dates back decades. Its founder’s personal practice, Scranton Financial Group, has helped clients in Westbrook, Connecticut succeed in retirement thanks to regular streams of income for nearly 30 years.
The Retirement Income Store is staffed by a nationwide network of income specialists who help clients establish steady streams of income they can rely on. The Retirement Income Boutique offers advisor partners low-cost franchise opportunities that allow them to take advantage of the benefits of being backed by a national network, while maintaining their autonomy. Franchisees receive ongoing business support in the areas of operations, sales, marketing, accounting and portfolio management. Learn more about https://theretirementincomestore.com/.
About Advisor Academy
Advisors’ Academy was founded in 2006 by David J. Scranton with a vision to recruit other high performing and motivated Consultants and teach them how to reach even higher levels of success, while always keeping the interests of their clients first. Through individual coaching on by David Scranton proven sales process, as well as marketing strategies designed to help advisors attract new business and a public relations program that allows its top advisors to appear on some of the major US financial news networks, hundreds of advisors across the country now share the achievement of by Dave Scranton vision. Learn more about https://advisorsacademy.com/.
Investment advisory services offered by Sound Income Strategies, LLC, an SEC-registered investment advisory firm. The Retirement Income Store, LLC and Sound Income Strategies, LLC are associated entities.
Joseph Kuo Where Lorene Yue
Haven Tower Group
424.317.4851 or 424.317.4854
[email protected] Where [email protected]
SOURCE Sound Income Group