Ryan Financial Group, an employee-owned, independent boutique firm in Minnesota with nearly $750 million in client assets, has joined Commonwealth Financial Network, according to a news release.
Formerly with Lincoln Financial Group, Ryan Financial Group has offices in Hibbing and White Bear Lake, Minn. The team includes Jack Ryan, chairman; advisors John Ryan, III, Greg Stalsberg, Tony Wilson and Ryan Wahlund, as well as their support staff. The family-run business, which has been around for more than 70 years, focuses on private wealth management and retirement plan consulting, the release noted.
“We want to cement our legacy by providing solutions to families and businesses today and maintaining our commitment to the next generation of clients,” John Ryan said in a statement. “But we won’t lose sight of who we are and where we came from – practicing ethically and in the best interest of the good people we serve,” he said.
“The resources at our disposal blew us away. Commonwealth’s advanced planning, strategic retirement solutions, and investment research teams bring a new level of depth to what we can offer,” noted Stalsberg. He added, “Commonwealth shares our same values and vision and cares about our clients and us, not the bottom line. That’s a rare combination in this industry that will help us succeed as we evolve and grow our business.”
Becca Hajjar, Commonwealth’s chief business development officer, said Commonwealth has “the infrastructure and a deep bench of expertise that serve as an extension of their practice,” which will allow Ryan Financial Group “to scale their business and evolve in the way they envision.”
Headquartered in Waltham, Mass., and San Diego, Calif., Commonwealth partners with more than 2,000 independent financial advisors and oversees more than $272.9 billion in assets.