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.
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The Labor Department's reversal from its 2022 guidance has drawn approval from crypto advocates – but fiduciaries must still mind their obligations.
With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.
Elsewhere on the East Coast, a Boca Raton-headquartered shop has acquired a fellow Florida-based RIA in "a natural evolution for both organizations."
After advising on nearly $700 million in retirement assets, 27-year veteran Greg Mykytyn is bringing his expertise in ESOP and 401(k) plans to the national RIA in Texas.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
