Woodbury Financial Services Welcomes Black Financial Services to Its Platform
Minnesota-Based Financial Advisory Practice with Approximately $180 Million in AUA Led by Margo Black Scepaniak Affiliates with Advisor Group Member Firm
Oakdale, MN – July 30, 2019 – Woodbury Financial Services (Woodbury), an independent wealth management firm with 1,600 advisors across the country, today announced the addition of Black Financial Services, Inc., a woman-led financial advisory practice based in Avon, Minnesota with approximately $180 million in client assets. Woodbury is a member firm of Advisor Group, one of the nation's largest networks of independent financial advisors, serving over 7,000 advisors and overseeing more than $250 billion in client assets.
Black Financial Services was founded in 1960 and has been led by Margo Black Scepaniak since 1991. The firm provides personalized financial planning services based on a deep understanding of clients’ goals, values, and hopes for the future. The firm also supports corporate retirement plans and serves clients’ insurance needs with an extensive array of solutions.
Margo Black Scepaniak, President of Black Financial Services, said, “When we began our discussions with Advisor Group and Woodbury, we immediately felt at ease, like we were a part of their community. That personal relationship was key to our decision to partner with Woodbury, and I have no doubt that it will continue to bear fruit as we work together in the future. We treat our clients like family, building trust over time and seeking to show our loyalty, integrity and dependability with every interaction. We are thrilled to be part of a broader family that will work with us in that same spirit, and we look forward to collaborating with Woodbury and Advisor Group to launch the next stage of growth for our business.”
Ms. Black Scepaniak joined Woodbury after seeing the success other advisors achieved on Advisor Group’s platform. She was also impressed with the welcome she received from Woodbury during her diligence process.
Jamie Price, CEO of Advisor Group, said, “Entrepreneurial advisors such as Margo Black Scepaniak are the lifeblood of what we do at Woodbury and Advisor Group. We are focused on helping advisors grow and enhance their client service by delivering continuous improvements in technology, wealth management solutions and practice management support.We are privileged to serve a noble profession and our single mission of being in our advisors’ corner has led to our collective success in recruiting and retention.”
Rick Fergesen, President and CEO of Woodbury Financial Services, said, “Black Financial’s decision to join Woodbury Financial showcases the strength of our value proposition. We have developed a powerful platform that combines industry-leading software, tools and resources with a collaborative approach that drives mutual success. Margo’s growth mindset and dedication to her clients aligns with the values of our team, and with those of her fellow advisors at Woodbury. We look forward to working with her and helping her take her business to the next level.”
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