By Jorge Mercado Wednesday, July 17th, 2024

Santa Barbara-based Pensionmark Financial Group, a financial advisory firm, announced on July 10 that it has rebranded to World Investment Advisors.

World Insurance Associates acquired Pensionmark in March 2022. The new firm said this move “better represents the firm’s robust and holistic financial services platform for independent financial advisors and strengthens alignment with its parent company.”

World Investment advisors has $55 billion in assets under advisement across its institutional and wealth management segments and 392 registered financial advisors. 

In the last two years, the wealth management division has grown its assets under management from $1 billion to $11.5 billion.

The decision to rebrand is a result of the firm’s incredible growth trajectory since its partnership with World and is part of its plan to establish itself as a premier destination for top-performing independent wealth management practices, according to a press release.

“Between several pivotal acquisitions and recent enhancements to our platform capabilities, we felt it was time to move to a brand that reflects the evolution of the firm and our vision for the future,” said Troy Hammond, CEO of World Investment Advisors, in a press release.