The North American wealth industry is in flux, with the average age of advisors rising, a need to get on top on multi-trillion dollar asset transfers, M&A consolidation, and forces such as technology and changing client expectations.

Bogart Wealth, the RIA, has launched Advisor Growth Track, a professional growth and training program for both emerging talent and experienced financial advisors.

Advisor Growth Track aimed at individuals new to the financial services industry and established advisors seeking to freshen up their firms. 

“We’ve been training and developing our employees in the Bogart way for years, but we are officially launching Advisor Growth Track in order to help young and emerging professionals find their best fit by working a variety of roles within an established and rapidly growing wealth management firm, as well as [to help] experienced advisors create a glide path for the future,” James Bogart, president and CEO of Bogart Wealth, said.  

Participants in the program gain expertise in financial planning including retirement planning, investment management, estate and multigenerational planning, risk management, client services and communications, account management and operations. For established advisors wanting to “tuck in” with a firm, Bogart Wealth creates a customized growth and succession plan.

The rollout of such a program points to how the wealth management sector is under pressure to recruit new talent at a time of multi-trillion dollar wealth transfer and an aging population of advisors who are planning to retire and cash out of their firms.

Bogart Wealth, which was founded in 2016, is based in McLean, Virginia with additional offices in Houston and The Woodlands, Texas.