Broker-dealer Cadaret Grant is moving its Syracuse, New York, headquarters to new offices being built nearby, in the same city, it said Thursday.
The new offices are about two blocks away from its current offices in downtown Syracuse and will provide the firm, which has been growing rapidly, “room for expansion,” the independent wealth management firm and wholly owned subsidiary of New York City-based Atria Wealth Solutions said.
Employees are scheduled to move into the new space, at 100 Madison St., in the first half of 2020, the company said.
The new offices were “architecturally designed to align with the firm’s culture of openness, collaboration and innovation,” the firm said. The newly designed building is being constructed to “optimally serve and support the nearly 1,000 advisors and support staff that represent Cadaret Grant’s client base,” the firm said, adding it supports more than 700 financial advisors in 436 branch offices nationwide.
“The headcount at Cadaret Grant’s headquarters has grown close to 15 percent over the past two years,” Doug Ketterer, its CEO, told ThinkAdvisor, adding: “We have ambitious expectations to continue this growth, which is one of the primary drivers of the decision to locate to new facilities.”
The new Cadaret Grant headquarters “will occupy two full floors of AXA Tower I,” he said. Although the square footage is “similar to our current headquarters,” he explained it was “intentionally designed to foster more team collaboration, optimal efficiency and room for future expansion.” In addition, as a national firm, the new headquarters “will feature dedicated space to host our Town Hall style all-company meetings with connectivity to our offices” in San Diego, Houston and New York City, he noted.
“We had a clear idea of the space we wanted when we started our search and could not be more thrilled to have found a home that truly meets those expectations,” he said in a statement.