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Ascend's Mike Aljancic hits new highs with assets under management
Wednesday, December 11, 2024
DUBLIN, OHIO – Ascend Advisory is proud to announce Managing Director Mike Aljancic has increased assets by 36% with an additional $160M since joining the practice (as of 11/12/24, since 12/31/23).
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Transitioning to Ascend
By industry standards losing 20% of assets under management during a transition year to a new practice would be considered successful. The team stepped up to the plate to grow assets by 36%, and to hit $600M of assets under management (as of 11/12/24, since 12/31/23).
Scaling in the new headquarters
Ascend recently moved to larger headquarters in Dublin Bridge Park, Dublin, Ohio. With the continued growth, the practice has increased staff three times since 2001, ensuring diligence with client follow through.
Tony Reilly, CEO, remarked, “Mike’s impressive growth since joining the practice reaffirms our ability to scale in our new office. He truly reinforces our values of growth and building enterprise value through thoughtfully adding team members along the way.”
A focus on teamwork to support clients
Few could replicate Aljancic’s meteoric trajectory in working for JP Morgan and Morgan Stanley, some of the largest banks in the world. Aljancic strategically and steadily built his team, which he successfully brought with him.
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Building trust with the process
“The wire house mentality is managing your clients with an assistant and ‘maybe’ a junior advisor,” Aljancic shared. He went on to say, “Tony has opened my eyes to thinking long-term and has big vision. As your clients and assets grow, the team needs to expand in order to provide a high level of service and advice. As a financial advisor, know when it is time to add a teammate.”
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Enhancing support for clients
Aljancic’s team, specifically, was able to add two individuals to the team as part of his expansion.
“We believe our clients see real value in us expanding our team,” shared Aljancic. “When the hurricanes hit Florida, Georgia and North Carolina, I was able to assign out clients to my team to be in touch within 24 hours. We had one client that was in somewhat shock in our discussion. I vividly remember her saying, 'I don’t know that I will remember all the details of the investment plan or my rates of return but I’ll never forget this conversation.'”
About Ascend Advisory Group
Ascend Advisory Group (Ascend), headquartered in Dublin, Ohio is a leading financial advisory practice with clients in 44 states and $2B assets under management (as of 3/28/24), starting with $27M in 2001.
Ascend was built upon the belief that planning should be about stewardship. The company is rooted in service, with a commitment to humbleness and honesty. While the company has grown tremendously, the culture remains steadfast and true to the mission of helping clients ask the right questions and understand the nuances of their options. Ascend works to ensure the mission of each client’s dollar is achieved.
Ascend has been recognized on Forbes 2024 Best-In-State Wealth Management Teams for the State of Ohio(1).
Media: Samantha Mooney, Marketing Director, Main: 614-784-6000, samantha.mooney@wfafinet.com
(1) 2024 Forbes Best-in-State Wealth Management Teams: Awarded January 2023; Data compiled by SHOOK Research LLC based on the time period from 3/31/22 - 3/31/23 (Source: Forbes.com).
The Forbes Best-in-State Wealth Management Teams rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Wells Fargo Advisors Financial Network does not provide legal or tax advice.
Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Ascend Advisory is a separate entity from WFAFN.
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