Texas based $3.9B RIA firm True North announces expansion

True North Advisors, LLC, a Texas based RIA firm managing $3.9 billion in client assets, has announced the acquisition of Clear Rock Advisors, a $470 million AUM firm in the state.

The addition will expand True North’s presence in Texas and build on its multi-family office services for significant business owners, entrepreneurs, and families with wealth planning, investment management and business transaction planning solutions.

“The synergy between our firms is undeniable, and we see immense potential in this combination,” added Scott Wood, CEO and Co-founder of True North. “We are confident that this partnership will enhance our service offerings and significantly benefit our clients.”

True North also oversees a turnkey alternative investment platform, Western Alternative Strategies, that offers exclusive access to institutional-quality private investments.

“We are excited about the opportunities this acquisition presents for our clients and our team,” said Charles F. Hall, Jr., Chairman and Co-founder of Clear Rock. “Joining True North allows us to leverage their extensive resources and continue delivering exceptional value to our clients.”

Clear Rock, founded in 2016, is the firm’s first acquisition since securing a strategic growth partnership with Wealth Partners Capital and HGGC earlier this year.

“Clear Rock exemplifies the key characteristics True North seeks in its partners: integrity, client-focused, fiduciary-minded, and growth-oriented,” said Mac Selverian, WPCG Principal. “We are thrilled to expand True North’s footprint in the state of Texas and continue building a business focused on its mission of Fulfilling Lives.”