SCF announced today that it has surpassed $3 billion in assets under management (AUM), now totaling $3,115,825,933. Only 18 months have passed since the firm crossed the $2 billion threshold in July 2016.
The broker-dealer/RIA launched its current growth initiative in 2011, when its fee-based AUM reached only $98.8 million. Since then, its advisory assets have grown 1,499%, now exceeding $1.6 billion in fee-based assets alone.
“Many firms start to prioritize growth but lose sight of the experience they offer to their existing advisors,” says CEO Randy Meadows. “At SCF, we work diligently to keep our Diamond Standard service levels at the center of every decision. We have systems in place that can handle that scale and enhance — not impair — the experience our advisors have with us each day.”
SCF has achieved its growth organically, without purchasing assets or offering upfront cash to advisors.