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Cadaret Grant Adds $2B OSJ

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What You Need to Know

  • Cedar Brook Group was previously affiliated with Advisor Group's Securities America for over 15 years.
  • The deal comes shortly after Cadaret Grant parent Atria completed its acquisition of SCF Securities.
  • The 49-person Cedar Brook team includes 20 licensed financial professionals.

Broker-dealer and RIA Cadaret Grant, a subsidiary of Atria Wealth Solutions, has added Ohio-based Cedar Brook Group, an office of supervisory jurisdiction (OSJ) with $2 billion in assets under administration.

The 49-person Cedar Brook team includes 20 licensed financial professionals and is led by William Glubiak, its CEO, who launched the firm in 2005. He quickly grew Cedar Brook into one of the largest financial practices at his prior firm, Advisor Group’s Securities America, according to Atria.

Glubiak became registered with Securities America in 2005, according to his report on the Financial Industry Regulatory Authority’s BrokerCheck website.

Advisor Group didn’t respond to a request for comment Monday about losing Glubiak.

“Our decision to join the Atria family is anchored by our persistent eye on the future, a desire to embrace the most technology-forward ecosystem available in our industry and gaining an alignment with people where we can have those ‘lean-in’ conversations of shared experience and mutual respect,” according to Glubiak.

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“Cadaret Grant’s sophisticated technology stack, extensive investment solutions, and most importantly, their people-centric mindset, positions our team to serve clients with ease and efficiency,” he said in the announcement.

Cedar Brook advisors and brokers will now be able to leverage the full suite of modern tools available to Atria broker-dealers, including Unio, an integrated advisor platform; Contour, a fee-based advisory platform; and Clear1, a client-facing portal, Atria said.

“Today’s independent financial professional is searching for a wealth management firm where expert technology and a deep advisor-centric culture intersect,” Kevin Beard, Atria chief growth officer, said in a statement. “Our differentiated offering played a large part in Cedar Brook’s decision to join Cadaret Grant.”

New York City-based Atria’s six broker-dealer subsidiaries serve almost 2,500 financial professionals and more than 200 financial institutions with $95 billion of assets under administration, it said. The company recently completed its acquisition of SCF Securities, a transaction that was announced in January.

Syracuse, New York-based Cadaret Grant was founded in 1985 and supports over 700 financial professionals in more than 400 branch offices across the U.S.