Genesis Wealth Surpasses Growth Expectations with $2.5 Billion
Highlighting significant momentum in bank-advisor transitions to supported independence.
Genesis Wealth, a prominent wealth management platform operating under LPL Financial, has recently announced a remarkable achievement of over $2.5 billion in assets under management. This milestone represents a successful blend of advisor recruitment and organic growth, exceeding the firm's ambitious growth objectives for the near future.
This achievement underscores the appeal of Genesis Wealth's supported independence model, which has shown effectiveness in attracting advisors from banking backgrounds who are looking for enhanced flexibility. Advisors can enjoy operational, compliance, and technological support, all while maintaining their independence.
Kosta Tanglis, the Founder and Managing Partner of Genesis Wealth, expressed enthusiasm about their recruiting success. He remarked, "Advisors find great value in our model, where independence and a culture focused on growth come together, bolstered by solid operational backing. We are delighted to welcome a diverse group of accomplished advisors to our platform as they expand their practices and deliver exceptional service to clients."
Barry Krumwiede, the firm’s co-founder and a dedicated Wealth Advisor, highlighted that the results are a clear indication of the team's commitment and the efficacy of their advisor-first strategy. He stated, "Our approach will only intensify, as we aim to draw top talent. A key part of this strategy includes a substantial expansion of our real estate presence in the region."
Genesis Wealth is designed specifically by leading bank advisors for professionals seeking autonomy paired with outstanding economic incentives, free from the operational challenges typically associated with managing their own Registered Investment Adviser (RIA). The firm is wholly owned by its founding advisors, contributing to a cohesive vision for sustained success.
The platform provides a comprehensive suite of resources tailored to advisors, emphasizing the Supported Independence Model. This includes crucial elements such as staff support, office infrastructure in the local area, and technology solutions alongside LPL affiliation fees. These offerings allow advisors to direct their focus entirely on their clients and growth, unencumbered by operational distractions.
Advisors transitioning to Genesis Wealth possess extensive industry expertise and commendable client service histories within the holistic wealth management space. Personalized financial planning forms the foundation of their services, covering all critical aspects of a client's financial journey, including investments, retirement, tax concerns, and estate planning.
The firm is committed to ongoing recruitment efforts and continually enhancing its platform to respond to the growing needs of bank-based advisors opting for greater independence.
ABOUT GENESIS WEALTH
Genesis Wealth is dedicated to facilitating the growth and success of bank-based advisors ready to embrace full independence—operating through LPL Financial as both broker-dealer and Registered Investment Adviser (RIA). Since its inception in January 2024 and the official brand launch in mid-2025, Genesis Wealth has successfully amassed $2.5 billion in client assets. The firm’s high-performing advisors contribute significantly to both the cultural richness and overall enterprise value of Genesis Wealth.
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Frequently Asked Questions
What milestone did Genesis Wealth recently achieve?
Genesis Wealth achieved over $2.5 billion in assets under management.
What is the Supported Independence Model?
This model allows advisors to operate independently while receiving support in operations, compliance, and technology.
When was Genesis Wealth founded?
Genesis Wealth was founded in January 2024 and launched in July 2025.
Who are the key figures at Genesis Wealth?
Kosta Tanglis and Barry Krumwiede are key founders at Genesis Wealth, leading the firm with their expertise.
How does Genesis Wealth support its advisors?
The firm provides infrastructure, staff, and technology solutions tailored to help advisors focus on client service and growth.
