AE Wealth Management (AEWM) has hired industry veteran Shawn Scholz as Chief Compliance Officer.
Scholz brings more than 20 years of experience to his new role. Before joining AEWM, he served as the VP of Compliance for financial firms Waddell & Reed, Inc. and Ameriprise Financial. He led various compliance functions during that time, including policy development, licensing and registration, supervisory controls and testing, compliance training and more. As the leader of the AEWM compliance program, he will oversee the interpretation and application of regulatory statutes and rules at the federal and state levels directly impacting advisors on the AEWM platform.
“Shawn’s extensive experience and attention to detail make him the perfect fit to lead our compliance team,” said Chris Radford, AEWM President. “He’s well-informed on what’s happening in the industry. He’s also passionate about working with advisors to make sure they understand how policies and regulatory rules impact their business. He’s great at seeing things from the advisor’s point of view, helping them implement procedures and processes with as little disruption as possible.”
Scholz has participated in and is active in various industry groups, including the Securities Industry and Financial Markets Association (SIFMA), the Financial Services Institute (FSI) and Regulatory Roundtable. He has spoken at various industry events on topics such as senior investor protection, social media, core compliance programs/functions and more.
“I’m excited to be part of a growing and dynamic organization like AE Wealth Management,” said Scholz. “Their focus is on helping advisors thrive and best support their clients, no matter what the market environment or how the industry changes. I’m looking forward to supporting advisors with their compliance programs.”
AE Wealth Management has experienced a holistic growth of more than $18.8 billion* in assets under management (AUM) in just over five short years. The firm has managed to rise in the ranks of top RIAs by earning the number 10 spot in Financial Advisor (FA) Magazine’s “RIA Survey and Ranking 2021 Top 50 Fastest Growing Firms.” In addition, AEWM is listed 32nd overall in FA’s “2021 RIA Ranking.”
For more information about AEWM, visit aewealthmanagement.com/join/.
About AE Wealth Management: AE Wealth Management is one of the fastest-growing Registered Investment Advisory (RIA) firms in America, offering an open-architecture platform of investment solutions and practice management resources independent financial advisors can use to help their clients work towards their financial goals. Advisors can demonstrate greater value for clients and grow their practices by utilizing the cutting-edge technology – and the broad array of investment strategies and asset classes from consistently vetted and monitored money managers – on AE Wealth Management’s platform. The insights and tools from AE Wealth Management enable advisors to obtain a holistic view of each client’s financial universe in one place. AE Wealth Management, LLC (“AEWM”) is an SEC Registered Investment Adviser located in Topeka, Kansas.
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