Atria Wealth Solutions (Atria), a wealth management solutions holding company, has closed the acquisition of Cadaret, Grant & Co.
Founded in 1985, Cadaret, Grant is one of the largest privately-owned independent broker/dealers in the country, servicing approximately 900 financial advisors and with more than USD23 billion in assets under administration. Atria will acquire 100 per cent of Cadaret, Grant and 100 per cent of Cadaret, Grant’s sister companies, Cadaret Grant Agency Inc. and Capital Strategy Group Ltd.
“Acquiring Cadaret, Grant completes a critical stage in the execution of Atria’s strategy to be the premier service provider to independent financial advisors and financial institutions,” says Doug Ketterer, CEO of Atria. “We are building a unique multi-channel business that focuses and caters to the specific needs of independent advisors, credit unions and banks. Building on Cadaret, Grant’s long history and unparalleled service model, Atria’s subsidiaries are now fully positioned to provide independent advisors with the most competitive set of tools and solutions that meet their ongoing demands in today’s rapidly changing wealth management environment.”
Atria will be investing significant capital and resources in its subsidiaries to create a new and elevated experience for financial advisors. Investments will focus on client and advisor technologies, enhanced product offerings and streamlined services that will be rolled out in phases across its subsidiaries CUSO Financial Services, LP, Sorrento Pacific Financial, LP and Cadaret, Grant.