The hybrid RIA practice with over $500 million in assets has offices in New Jersey, Massachusetts and Arizona, and is comprised of nine financial professionals.
Concourse Financial Group , a division of Protective Life Corporation (“Protective”), supporting more than 500 independent financial professionals nationwide, today announced the successful recruitment of Key Group Management, Inc. (“Key Group”), a hybrid RIA practice with over $500 million in client assets and nine financial professionals. Key Group Management, Inc. is affiliated with Concourse’s FINRA-registered broker-dealer, Concourse Financial Group Securities.
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Key Group is led by Patrick Murray, CFP®, ChFC®, co-founder and President, and Colin Heafy, co-founder, President and Principal. The group, which has offices in New Jersey, Massachusetts and Arizona, specializes in providing holistic planning services to high-net-worth clients in the areas of insurance, estate planning, financial planning and wealth management.
Concourse CEO Doyle Williams said, “We are honored to welcome Pat, Colin and the rest of the Key Group team to Concourse Financial Group. Our integrated service platform is ideally suited to serve growth-focused, highly entrepreneurial firms like Key Group, so we are excited to collaborate with them to help further accelerate their growth and support their ability to serve their clients more efficiently and effectively than ever.”
The announcement of this crucial addition to the Concourse community reinforces the firm’s appeal in the marketplace. Financial professionals are increasingly looking for firms that not only help them create scale, deliver top-quality technology and offer a diverse set of products but also provide hands-on support and access to management.
Murray said, “We considered several firms after we decided to change broker-dealers, and from the outset the Concourse team stood out, impressing us both by how quickly they understood our business needs and with their strategic vision for Concourse. The firm has the energy and excitement of a start-up but the infrastructure, resources and processes of the well-established industry leader they have quickly become.”
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Heafy added, “As Key Group continues to grow and our clients’ needs expand, one of things that was particularly important was finding a firm that could offer increased scale and resources and still provide a boutique-like, personalized service experience. I am confident that Concourse will be able to deliver that balance.”
Libet Anderson, CIMA®, President, Concourse Financial Group Securities, said, “In light of private equity increasingly taking short-term positions in firms across the industry, we are delighted that the stability of our ownership structure and leadership team allows our financial professionals to focus on running their businesses without distractions. We are excited about what this relationship means for Key Group and, most importantly, how it will benefit their clients.”
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