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.”
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
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
