Our History

As Financial Resources Group Investment Services, LLC (Financial Resources Group) celebrates its 10th anniversary this month, it is time to reflect back on the many milestones during this exciting first decade. Founded on a “commitment to serve,” the company’s vision was driven by a team of professionals with the common goal of assisting our financial professionals and financial institutions in pursuing superior results. In the beginning, we supported the employment of financial professionals on the LPL Financial platform, but we soon expanded to include support for financial institutions, dual programs, and independent financial advisors.

The company has grown from a gross revenue of $32 million at the end of 2010 to over $145 million today and we currently manage total client assets over $24 billion. Today, Financial Resources Group is one of the largest branch offices of LPL Financial. Fourteen of our original financial institutions and 37 original employees are still with the firm – a fact we are very proud of. In April of 2020, Financial Resources Group added to its already significant growth with a strategic merger with Gladstone Wealth Group located in Chester NJ. This merger enhanced the company resources and the services for the independent advisor segment of the market.

The addition of the Gladstone leadership group combined with the strength of LPL Financial, Financial Resources Group is well positioned for the next 10 years. After being founded by Bruce Miller in 2010 with the mission to support employee advisors on the LPL Financial platform, Financial Resources Group quickly made a name for itself with $6.6 billion in AUM and 20 financial institution partners after their first year. Today, with more than $24 billion in AUM and over $141 million in revenue, the company now supports over 87 financial institutions and over 1,000 financial professionals nationwide. Here’s a look back at the company’s journey over the last 10 years.

Play Video

How Can We Help?

Why Work With FRG?

Want to see what we can do to help you grow your business? Contact us at our corporate office located in Fort Mill, SC. We look forward to hearing from you!

Today
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010

Our Company's Timeline

2010

MAY 5, 2010

  • Financial Resources Group established in Charlotte, NC
  • Bruce Miller and Christa Franse are the first two employees

AUGUST 16, 2010

  • Opened for business
  • Initially serving 20 institutions, 14 of which are still with us today:  360 Federal Credit Union, Advancial Federal Credit Union, American Eagle Financial Credit Union, Eastman Credit Union, Firstar Bank, Hawaii Community Federal Credit Union, International Bank of Commerce, Northrop Grumman Federal Credit Union, PyraMax Bank, San Diego County Credit Union, Sikorsky Credit Union, Southland Credit Union, Sterling National Bank, and TruMark Financial Credit Union.
  • New team members: Matt Baval and Tina Bakalas

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2010

2011

  • AUM: $6.6 billion

  • GDC: $32 million

  • Registered advisors: 166

  • Events: Office located at 2901 Coltsgate Rd #103, Charlotte, NC 28211

  • New clients: Investment Solution Services (Brian Graf)

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2011

2012

  • AUM: $7.8 billion

  • GDC: $54 million

  • Registered advisors: 245

  • Events: Office moved to suite 200 at Coltsgate location (office doubled in space)

  • New clients: Kelly Perkins, Kevin Moore, Pauletta Bonner, Michael Maglio, and Income Solutions WM (Lance Browning)

  • New team members: Mark Stieve

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2012

2013

  • AUM: $9.4 billion

  • GDC: $70 million
  • Registered advisors: 290
  • Events: Financial Resources Group Investment Services formed
  • New clients: Better Banks
  • New team members: Chris Thompson, Michael Doody, and
    Tanya Beshears

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2013

2014

  • AUM: $11.7 billion

  • GDC: $81 million

  • Registered advisors: 413

  • New clients: Capstar Bank

  • New team members: Jean Elzayek, and Michael LaGuardia

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2014

2015

  • AUM: $15.1 billion

  • GDC: $90 million

  • Registered advisors: 591

  • Events: Became FINRA member

  • New clients: Atlas Wealth Management (Steven Swanson), Cyr/Woetz (Dennis Cyr), Genesis Wealth Management (Jon Thompson,
    Michael Dubensky, Jereme Brisco, Rusty Whittaker),
    Trumark Financial Credit Union (rejoined)

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2015

2016

  • AUM: $16.7 billion

  • GDC: $99 million

  • Registered advisors: 851

  • Events: Sterling Bank and Astoria Bank merge

  • New clients: Redstone Federal Credit Union, Collier Wealth Management (Kevin Collier), Greer Financial (John Gifford), Sirius Wealth Management (David Domian), American Strategic Advisors (Chris Aguele)

  • New team members: Sherrie Reynolds, David Rich, and Jim Liddington

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2016

2017

  • AUM: $16.7 billion

  • GDC: $99 million

  • Registered advisors: 851

  • Events: Sterling Bank and Astoria Bank merge

  • New clients: Redstone Federal Credit Union, Collier Wealth Management (Kevin Collier), Greer Financial (John Gifford), Sirius Wealth Management (David Domian), American Strategic Advisors (Chris Aguele)

  • New team members: Sherrie Reynolds, David Rich, and Jim Liddington

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2017

2018

  • AUM: $19.1 billion

  • GDC: $124 million

  • Registered advisors: 902

  • New clients: The Paducah Bank, Evolve Investment Services (Joyce Johnson), Waterview Wealth Management (Christopher Miller and Brian Culloty)

  • New Team Members: Mark Brakel, Matt Danner, Chris Freeman, Meleakia Spearing, J.J. Hudock, Jenny Franchi, and Donna Coggins

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2018

2019

  • AUM: $23.8 billion

  • GDC: $136.3 million

  • Registered advisors: 1043

  • New clients: Frandsen Bank; Royal Credit Union;
    Technology Credit Union

  • New Team Members: Thomas Davila, David Foster and Brad Nelson

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2019

2020

  • AUM: $24 billion

  • Events: Merged with Gladstone Wealth Group

  • New clients: Stone, Houston, Beauchamp & Associates
    (Patrick Beauchamp)

  • New Team Members: Katie Mills, Lindsey Bessant, Jonathan Kaplan, and Cindy Nagel

*The clients listed in this timeline contain only Financial Institutions with assets over $250M and Independent Advisors with $80M or more.

2020
Scroll to Top