The Retirement Planning Group has acquired 100% of the assets of Dightman Capital Group Inc., an RIA based in Overland Park, Kansas.
The deal marks the start of integration of RIAs under TRPG, which was itself acquired by Cetera Holdings in May 2023 and oversaw around $1.8 billion in assets as of January 31. It’s also part of a goal to grow Cetera’s share of the RIA market following the hiring of CEO Mike Durbin last year.
"This acquisition represents a continuation of TRPG's successful M&A strategy, and the first of more to come with the support of Cetera,” said Kevin Conard, CEO at TRPG. “I encourage any independent advisors aspiring to spend more time taking care of their clients – and less time on the operational aspects of running a business – to consider TRPG as a destination of choice."
Cetera was recently boosted by reinvestment from private equity firm Genstar Capital, which will help drive growth.
Dightman Capital Group was owned and operated by Brian Dightman, who has become a W-2 advisor at TRPG and will continue to serve his existing clients. His decision to join TRPG followed Dightman’s evaluation of more than two dozen options and firms across the country.
"From the moment I met Kevin and his team, I knew this was the right fit and could not be more pleased and optimistic about the future. The TRPG culture backed by Cetera's industry leading resources and support make this partnership the perfect choice for my business and my clients."
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
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