Arkadios Named Fastest Growing IBD by Financial Planning
Tuesday, November 19th, 2019
Financial Planning has named Arkadios Capital the fastest growing independent broker-dealer in its annual IBD Elite survey.
Arkadios Capital grew by 124% over the last year to $13MM in annual revenue. That ranks No. 1 in revenue growth in the IBD Elite survey.
“We couldn’t be more thrilled with the honor from Financial Planning,” said Arkadios Capital CEO and Founder David Millican. “We have a strong and committed team focused on building the best hybrid platform in the country. Our growth shows advisors are choosing the independent, entrepreneurial model we have created.”
The median annual revenue for the firms voluntarily disclosing their data jumped 18% year-over-year to $280.7 million in 2018. Firms’ combined revenue surged 12% to $28.8 billion, according to Financial Planning.
“Arkadios Capital, Independent Financial Group, O.N. Equity Sales and United Planners Financial Services stand out as small and midsize firms supercharging this growth,” wrote reporter Tobias Salinger.
Investment advisors created Arkadios Capital with investment advisors in mind. The people behind one of the fastest-growing RIAs in the country needed a broker-dealer partner that didn’t exist at that time.
Taking the lessons learned from more than three decades in wirehouses and as successful RIAs, they created a hybrid model that puts advisors and their clients first, while offering a full suite of business development and succession solutions.
After co-founding ACG Wealth, which Forbes named one of the fastest-growing RIAs in the country, Millican launched Arkadios in 2016. The company has more than tripled its revenue, grown to more than 60 advisors, and added an institutional bond desk and a group specializing in real estate investment opportunities.