Atria Wealth Solutions announced Wednesday that a team of advisors that managed $1.1 billion in client assets at Signature Bank is joining Cadaret Grant, a unit of Atria.
Edwin Milner, Laura Palacios and Jason Kurz had been affiliated with Signature Bank, now known as Flagstar Bank, since 2007, according to their BrokerCheck reports. Flagstar bought most of Signature’s assets and deposits after the bank failed in March.
The trio will become an independent team affiliated with American Investment Planners, Cadaret Grant’s largest branch, which is based in Jericho, New York.
“Feedback from our clients, as well as the recent bank challenges, prompted us to seek a partner who understands our vision and has the capabilities and resources to help us realize that vision,” Palacios said in a statement. “Through Atria, Cadaret Grant and AIP will provide us with unparalleled services, solutions and technologies that go far beyond anything we have seen and will help us to create an exceptional experience for our clients.”
In addition to Cadaret Grant, private equity-backed Atria is the parent of NEXT Financial Group, Western International Securities, SCF Securities, CUSO Financial Services and Sorrento Pacific Financial.
Last month, Atria announced it was buying Grove Point Financial, formerly known as H. Beck, a wealth management firm with $15 billion in assets and roughly 400 advisors, from Kestra Holdings.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
