Broker-dealer HD Vest Investment Services announced that its VestAdvisor Select portfolio management platform has reached over $1 billion in assets in the 19 months since its launch in October 2012.
The majority of the growth has come from new assets, rather than market appreciation, the company said, and helped boost the broker-dealer’s total advisory assets to almost $9 billion, and its total advisory and brokerage assets to approximately $36 billion.
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