Adhesion Wealth® Reports Over 60% AUM Growth for Second Year Straight
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CHARLOTTE, N.C., Feb. 17, 2021 /PRNewswire/ --
Adhesion Wealth®, a Vestmark company, today announced that its discretionary assets under management (AUM) grew by 61% in 2020. This is the second consecutive year the company has achieved AUM growth over 60%. The company also grew its advisory client base and discretionary accounts by 23% and 26%, respectively, and added 42 new asset managers to the Adhesion Wealth Manager Exchange over the same period.
"After a tumultuous year for the markets, it's rewarding to see the positive impact that Adhesion Wealth's flexible, scalable solutions continue to have on the RIA community," said Barrett Ayers, President of Adhesion Wealth. "Our growth this year was really a testament to our advisory firm partners. In 2020, we had the good fortune of meeting more amazing advisors who embrace a 'client first' philosophy and understand the importance of outsourcing. This was a powerful driving force in our growth."