DI Wire: SIS Reports 32% Increase to AUM 1/29/25

Sound Income Strategies RIA Reports 32% Increase to AUM
By Mari Nicholson
January 28, 2025
https://thediwire.com/sound-income-strategies-ria-reports-32-increase-to-aum/

Registered investment adviser Sound Income Strategies reported a 32% increase to its assets under management on the previous year, equal to more than $3.5 billion in 2024. The RIA also highlighted its recruiting efforts having achieved a 7% increase in advisers, or 100 advisers nationwide.

According to Sound Income Strategies, its number of accounts last year grew by 22% to more than 23,000.

“More than 20 years ago, I saw the overlooked risks in the traditional 60/40 growth-oriented portfolio and took a bold step in a new direction,” said David J. Scranton, founder and chief executive officer of Sound Income Strategies. “I developed a philosophy centered on generating a reliable source of income in retirement while safeguarding principal, even amidst the uncertainties of the market and economy — a strategy that has not only empowered my clients but also inspired countless advisers to transform their practices with income-generating portfolios.”

Scranton’s income-generating focus uniquely prioritizes interest, dividends, and other income-generating investment vehicles, enabling clients to maximize their retirement income and total return on their investment dollars while minimizing unnecessary financial risks.

Sound Income Group comprises three full-service firms offering investment services, marketing, coaching, practice management, and franchise opportunities for the financial community. It operates Sound Income Strategies LLC; Sound Income Academy, a recruiting and marketing firm; and Retirement Income Source, a national network of Income Specialists who help clients establish steady streams of income.

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