A reported by AdvisorHub, the AmeriFlex Group has officially parted ways with Osaic Wealth. Both firms characterized the move as a "mutual agreement."

Founded in 2019 as an independent RIA, AmeriFlex operates with 129 brokers and has been affiliated with SagePoint Financial, an Osaic subsidiary dissolved in 2023. As of last Friday, the firm began transitioning to Cambridge Investment Research, a smaller independent broker-dealer.

AmeriFlex CEO Thomas J. Goodson made clear that service issues and concerns over independence drove the firm's decision. AdvisorHub reports that he emphasized that maintaining independence remained the firm's top priority.

As part of the transition, AmeriFlex will broaden its affiliation options, offering advisors the flexibility to join as employees or register solely as investment advisers without broker-dealer ties.

AmeriFlex also continues to promote its succession program, SuccessionFlex, which allows advisors to sell minority interests in their practices with a plan for eventual full buyouts. The firm provides resources and funding for smaller OSJs pursuing growth opportunities.

AdvisorHub also reports that AmeriFlex has aggressively recruited independent brokers, adding 53 advisors with $3.4 billion in assets last year. Goodson projected another 30 advisors and $3 billion in assets by year's end, aiming for $25 billion in total client assets and over 300 affiliated brokers. Currently, about 30 percent of the firm's client assets remain in brokerage accounts.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.