Podcast Center
Video Center
Webcasts
Resource Center
Events
May 11, 2017 at 04:26 AM
ACG Wealth, an RIA with over $1.8 billion in assets, has moved to broker-dealer Arkadios Capital from Triad Advisors.
“Arkadios Capital allows us to best serve our high net-worth clients, who are looking for more than cookie-cutter products and investments,” said ACG Wealth founding partner Jody Young, in a statement. “We are expanding our services through this move, and opening new avenues to alternative investments including private equity, which is critical especially today.”
ACG Wealth, formerly Atlanta Capital Group, says it had been the largest RIA affiliated with Atlanta-based Triad Advisors.
“Our relationship with Triad Advisors allowed us to grow to a point, but our high-net worth clients were looking for opportunities that the broker-dealer would not allow us to pursue,” added Young. “This new partnership gives us the independence and flexibility to best serve those clients and our advisors.”
Meanwhile, the Choice Group Wealth Management has joined LPL Financial’s broker-dealer and hybrid RIA platforms. The new partner has about $420 million of client brokerage and advisory assets and is based in Melville, N.Y.
It includes four advisors formerly with Merrill Lynch: Ira Katz, Daniel McNicholas, John Scala and Bryce Wilinski. “An impetus for our move was the impending Department of Labor changes,” Katz explained in a statement.
“We wanted to be proactive and align with a platform that we felt gave us access to more products and greater flexibility so we can act as a fiduciary and serve our clients’ best interests. LPL was the right partner because we have been able to evolve our offering while continuing to operate as a boutique wealth management firm,” he added.
Kovack M&A
Kovack Securities of Fort Lauderdale, Florida, has acquired TKG Financial, an independent broker-dealer and advisory firm based in Santa Barbara, California, with $200 million in client assets and seven independent financial advisors.
