Nearly a year after Joe Duran first unveiled his vision for a synergistic financial partner for growth-minded RIAs, Rise Growth Partners has announced its first strategic investment.
Rise announced Tuesday that it has acquired a minority stake in Bleakley Financial Group, a prominent wealth advisory firm with over $10 billion in advisory assets as of June 30, 2024, marking Rise’s first step in its mission to support growth-oriented RIAs nationwide.
Bleakley, with a history spanning more than three decades, views the partnership as a critical step in its strategy to accelerate geographic expansion while maintaining its client-centered approach.
“As a firm built by advisors for advisors, our focus has always been on growth. We take pride in consistently delivering high-caliber planning and investment strategies to our clients,” Andy Schwartz, principal at Bleakley, said in a statement Tuesday.
He emphasized that Rise offers more than just financial backing, describing it as “a strategic partner with not only capital but also the expertise to expand a national firm that attracts top-tier growth-oriented advisors.”
Joe Duran, managing partner at Rise, highlighted how “Bleakley exemplifies all the essential pillars we seek in firms that we will partner with,” including its experienced management team, client-centric culture, and platform to let advisors perform at the fullest extent of competence and professionalism allowed by their license.
“From the inception of Rise and with each new addition to our team, our focus has never been solely on deal-making, but on making a meaningful impact,” Duran said.
In February this year, Rise got a financial kickstart for its vision as it secured a $250 million investment commitment from Charlesbank Capital Partners.
Duran first declared his vision to support the next generation of RIAs' growth ambitions during the Future Proof festival at Huntington Beach last September.
"We’re going to help build [these firms,]” Duran told InvestmentNews at the time. “We’re not just money. I wouldn’t do this if it was just money.”
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
The Illinois order refers to Brandon Ellington’s investment program as a “Ponzi-like scheme.”
But the Amazon executive chair seems to want it both ways, arguing that taxing the ultra-wealthy won't help struggling Americans.
Northern Trust planning leader sees the bill extending qualified charitable distributions to employer plans as a potential positive step — but advisors shouldn't overlook bigger holes in the strategy.
Markets will always create reasons for investors to worry. The advisor’s role is not to predict uncertainty, but to help clients understand why volatility should not derail a well-built financial plan.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
