Triad Advisors’ hybrid platform more than doubled its assets under management over the 18-month period that ended June 30, adding $1.3 billion in assets and bringing its total AUM to about $2 billion.
According to Triad — which is part of Ladenburg Thalmann — this expansion was driven by the firm’s recruiting efforts; it added 31 financial professionals across multiple teams that have between $26 million and $590 million in client assets.
“The success of Triad Hybrid Solutions and its recent growth is indicative of advisors seeking to maintain their entrepreneurial efforts and growing their own business [as registered investment advisors or investment advisory representatives], but leveraging experts in the field” by becoming part of the firm and its hybrid platform, THS CEO Michael Bryan told ThinkAdvisor.
“The search for scale” by these advisors is “being met” by the platform, he added, noting that it serves advisors’ strategic needs, such as having access to upgraded technology and offloading complexity rather than operating entirely as an independent RIA.
The firm expects to add four additional offices to the platform by year-end. It now has about 110 independent advisors who use THS’ corporate RIA and are “operating under their own brand.”