Wealth Consulting Group Expands Rapidly With New Talent and Capital to Scale Hybrid RIA Platform

The Wealth Consulting Group, a rapidly expanding hybrid registered investment adviser and wealth‑management platform, has appointed veteran industry executive Andy Kalbaugh as its new President.

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In this capacity, Kalbaugh will spearhead initiatives to scale the firm’s adviser platform, strengthen enterprise value for partner practices, and deliver a holistic wealth‑management experience to clients without compromising WCG’s adviser‑centric ethos.
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Since its RIA launched in October 2014 with roughly 30 advisers overseeing about $800 million in assets under administration, WCG has ballooned to 123 advisers operating from 43 branch offices nationwide, stewarding $8.8 billion in client assets as of May 31, 2025.
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Kalbaugh’s appointment aligns with WCG’s ambition to reinforce a platform that champions adviser independence while simplifying succession and business‑transition processes.
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Widely recognized for architecting growth at some of the industry’s most successful enterprises, Kalbaugh brings three decades of leadership experience to his new role.
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He will collaborate closely with WCG’s senior leadership team to expand adviser solutions, notably the firm’s unique partner channel, which helps advisers shift firms seamlessly while retaining control and continuity for their clients.
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Founder and Chief Executive Jimmy Lee hailed Kalbaugh’s arrival, noting that the firm sought a leader with proven expertise and shared values to guide WCG’s next expansion phase.

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Lee emphasized that WCG’s vision is to build an adviser‑first platform that facilitates effortless transitions and places client relationships at the heart of every decision.
Before joining WCG, Kalbaugh led Cassique Strategies, a boutique consultancy offering strategic planning, coaching, and relationship facilitation to wealth‑management firms.
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Earlier, he was Managing Director and Divisional President at LPL Financial, where he oversaw retention, engagement, and growth strategies for the firm’s nationwide network of independent financial advisers.
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His résumé also includes chief executive roles at American General Securities and Mutual Service Corp, both of which were successfully integrated into LPL Financial under his guidance.
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In addition, Kalbaugh sits on the advisory board of TowerBrook Capital Partners, a prominent private‑equity firm, where he counsels leadership on wealth‑management opportunities.
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Kalbaugh expressed enthusiasm for his new position, explaining that helping advisers thrive and cultivating a distinctive, adviser‑valued business are his greatest professional passions. He voiced admiration for Jimmy Lee and the culture Lee has nurtured at WCG, saying he looks forward to advancing the firm’s goals together.
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Succession and consolidation are key growth drivers for WCG, complementing the firm’s pursuit of both organic expansion and mergers‑and‑acquisitions activity.
Alongside traditional growth strategies, WCG will assist advisers in navigating succession planning and monetization to unlock additional avenues for scaling.
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Kalbaugh observed that many RIA firms still struggle to craft friction‑free acquisition plans despite broader industry consolidation, positioning WCG to fill that gap by offering advisers a destination they need never leave.
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He aims to elevate WCG’s status as an innovator in forging new growth pathways that benefit the enterprise, its advisers, and end clients alike.
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LPL Financial Chief Executive Rich Steinmeier endorsed Kalbaugh’s move, citing a longstanding respect for his leadership and confidence in his ability to accelerate WCG’s expansion.
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Steinmeier added that LPL, which maintains a close relationship with WCG, is eager to support this next chapter in the firm’s growth strategy.
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The Wealth Consulting Group ranks among the nation’s fastest‑growing independent wealth‑management enterprises, with offices and clients across the United States.
Its mission centers on empowering advisers to “Make Life Better” for clients by acting as their Personal Chief Financial Officer.

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The firm’s growth strategy focuses on acquiring and recruiting successful independent adviser businesses, backed by comprehensive services such as wealth planning, investment management, insurance, and risk management.
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WCG also offers a proprietary adviser‑transformation program, WCG Ascend, developed in collaboration with Pareto Systems.
Kalbaugh’s arrival signals WCG’s intention to strengthen these offerings, ensuring partner advisers have the tools, resources, and cultural alignment required to excel.
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By combining Kalbaugh’s strategic acumen with WCG’s adviser‑centric foundation, the firm seeks to create a sustainable growth engine that rewards advisers and delivers exceptional client outcomes.
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WCG’s leadership believes that maintaining adviser independence and prioritizing client needs will remain central as it scales operations.
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The firm continues to leverage its hybrid model, capitalizing on both advisory and brokerage capabilities to widen its service spectrum.
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Through acquisitions, recruitment, and organic expansion, WCG aims to deepen market penetration while preserving the flexibility and entrepreneurial spirit that attract high‑performing advisers.
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Securities are offered through LPL Financial, Member FINRA/SIPC, while investment advice is rendered by WCG Wealth Advisors, LLC (dba The Wealth Consulting Group), a registered investment adviser.
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The Wealth Consulting Group and WCG Wealth Advisors operate independently from LPL Financial, ensuring that advisers within the network retain autonomy while accessing broad industry resources.

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