Triad Advisors adds team with USD260m in client assets
Wagner Wealth Management, a wealth management firm and independent hybrid RIA group, has transitioned to the Triad Advisors broker-dealer and hybrid RIA multi-custodial platform.
Wagner Wealth brings a total of nine financial advisors, plus an additional soon-to-be-licensed tenth advisor, to the Triad platform.
The practice supports client brokerage and fee-based advisory assets of approximately USD260 million, as of 31 May 2014.
With offices in Greenville, Anderson and Seneca, South Carolina, Wagner Wealth Management provides wealth management and financial planning services for mass affluent and high-net-worth clients across the country, with a particular client concentration in the eastern US. In addition to its extensive investment capabilities, Wagner Wealth assists its clients in planning all aspects of their financial lives. This encompasses plans for the firm's in-house investment banking personnel to work closely with the investment banking resources of Triad Advisors' parent company, Ladenburg Thalmann.
In addition to providing retail client financial planning and investment management services, Wagner Wealth also serves as an independent hybrid RIA group for independent financial advisory practices seeking to affiliate with a larger advisor group or interested in realising a value-enhancing succession-planning option.
Nathan Stibbs, senior vice president of national business development at Triad Advisors, says: "We are extremely pleased to welcome Wagner Wealth Management to the Triad family. Wagner Wealth has an outstanding team of seasoned financial advisors that share a common focus of providing clients with a comprehensive wealth management experience. They have tremendous growth potential and we look forward to helping them grow their hybrid RIA not only as a wealth manager, but also as a destination for other financial advisors seeking a succession plan."
Dan Wagner, president of Wagner Wealth Management, says: "We are enthusiastic about our transition to Triad Advisors and are confident this new relationship will enhance our business on several important levels. As a leading broker-dealer, Triad thoroughly understands the hybrid RIA environment, and its multi-custodial platform not only fits well with our existing clients but provides a flexibility and ease in transitioning that positions us well as a destination of choice for independent advisors seeking to align with the Wagner Wealth hybrid RIA group.
"Furthermore, Triad's experience supporting advisors who do business with complex illiquid alternative investments is a valuable addition to our business. We also look forward to working with Triad's parent company, Ladenburg Thalmann, in connection with our investment banking services to our business-owner clients seeking effective avenues for unlocking the wealth, or portions of it, inherent in the valuable businesses they have created.”
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