Motley Fool, a US-based financial services firm, is reportedly seeking to expand its wealth management division by recruiting 10 more financial advisers over the next two years.
The new financial advisers will be based in Alexandria, Virginia office, according to Investment News.
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In February last year, Motley Fool has launched a new financial planning unit, which was renamed as Motley Fool Wealth Management in March this year.
The wealth management unit now has about $130 million in assets under management and has also expanded its advising services to offer comprehensive financial plans, including non-equity financial advice.
The firm said that it regularly updates its advice on the clients’ investment dashboard.
Nick Crow, president of Motley Fool Wealth Management said that advisers will assist clients to determine their model portfolio managed account program and also answer specific questions about financial goals and investment suitability.
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By GlobalDataFool One will offer financial planning services for subscribers who pay a single fee and later receive access to all the Motley Fool newsletters and other advice content.
Additionally, Motley Fool also has an asset management division that sells mutual funds.
Crow added that there no separate fee for Fool One members to subscribe as a wealth management client.
