Integrated Partners (“Integrated”), a national financial planning and registered investment advisory (RIA) firm, announced that it has acquired Laurel Wealth Advisors (“Laurel”), a California-based independent advisory firm known for its holistic planning approach, after significant due diligence by both parties.
Latest Fintech Interview: Global Fintech Interview with Lisa Loud, CEO & Co-founder at FLUIDEFI
“It quickly became clear that Integrated’s significant track record of accelerating advisors’ organic growth would provide an immediate lift, while enabling us to preserve the special culture we have built here at Laurel. We’re excited to embark upon this new journey with them, and with our clients.”
Laurel Wealth Advisors was founded in 2011 by financial services industry veterans Lee Tripodi and Mark Welsh, who saw an opportunity to build an advisory firm that fosters core tenets of transparency and trust. Laurel has since recruited more than 30 advisors and attracted more than $2.25 billion in assets, but recently started exploring paths to achieve continued scale.
“As we began conducting due diligence to identify potential partners, we were determined to identify a firm that would value our ethos and entrepreneurial spirit,” said Tripodi, co-founder of Laurel. “It quickly became clear that Integrated’s significant track record of accelerating advisors’ organic growth would provide an immediate lift, while enabling us to preserve the special culture we have built here at Laurel. We’re excited to embark upon this new journey with them, and with our clients.”
Integrated offers advisory firms a variety of ways to accelerate growth, including minority and majority acquisition, revenue sharing and affiliation models. Each path allows RIAs to leverage Integrated’s robust suite of resources, which includes technology, investment management, advanced planning, marketing support, succession planning and comprehensive business counsel.
Read More About Fintech Interview: Global Fintech Interview with Cristina Ceban, Founder at Women Do Crypto
“It was apparent almost immediately that the team at Laurel was a strong fit for us and vice versa,” said Paul Saganey, President and Founder, Integrated Partners. “This partnership represents a new dimension of Integrated’s growth strategy, and we could not be more proud to share this important milestone with this exceptional advisory firm.”
In addition, RIAs can tap into Integrated’s long-running CPA Alliance, a program that partners advisors with CPAs to more comprehensively serve clients, and its Business Owner Solutions program, which provides business owners the necessary planning infrastructure as they prepare to exit their firms. Further, Integrated’s recently relaunched Integrated Family Office brings together experts in family and business law, business management, private lending, recordkeeping and investing to serve the complex needs of business owners and affluent households.
Integrated found Laurel to be a strong fit because of the firm’s holistic planning focus, cultural alignment and prior broker-dealer experience.
Rob Sandrew, Chief Growth Officer at Integrated Partners, added: “At Integrated, we’re known for our flexibility and willingness to work with advisory teams in a non-disruptive nature across all channels of the market. Our model has now been bolstered by the ability to outright acquire firms with which we closely align. We will continue to be deliberate in our recruiting efforts so we can help firms accelerate their growth while maintaining the qualities that make them unique.”
Browse The Complete Interview About Fintech : Global Fintech Interview with Lorien Gamaroff, CEO at Centbee
[To share your insights with us, please write to sghosh@martechseries.com]
