Woodbury Adds 64% of Questar Reps, 86% of AUM
March 5, 2019 By Janet Levaux, ThinkAdvisor But could the growth of the IBD and its sister firms prompt the private equity owner to consider a sale? Five months after it struck a recruiting deal with Allianz Life Insurance, Woodbury Financial Services says it has added 407 advisors — about 64% of advisors with Questar Capital and Questar Asset Management — with 86% of the advisors’ total assets under management, $1.8 billion, and 83% of assets under administration, $12.2 billion. The IBD says it added another 165 advisors (from NPC and the closing of its Capital One acquisition) and $9.8 billion in AUA over the past 18 months, giving it a total of about 1,600 advisors, $11 billion under management and $45 billion under administration. But could this growth pattern prompt a change of strategy...