Atria broker-dealer assets increase to nearly $95 billion of AUA
Atria Wealth Solutions, Inc. (Atria), a multi-channel wealth management solutions holding company, announced today it has successfully closed the acquisition of SCF Securities, Inc. (SCF), an independent wealth management firm based in Fresno, CA. With this closing, Atria acquires 100% of SCF Securities, Inc., SCF Investment Advisors, Inc., and SCF Marketing, Inc. and now serves over 2,500 financial professionals with nearly $95 billion in assets under administration.
“We are thrilled to welcome SCF into the Atria family. We share a collective vision for offering the best experience and exceptional service to financial professionals, making the combination a great fit for both firms,” said Doug Ketterer, CEO and founding partner of Atria. “Both companies believe in the criticality of the advisor-client relationship and making it easier for financial professionals to create deeper and more meaningful interactions with clients and prospects by delivering the best-in-class tools, technology, investment solutions, resources and services.”
Atria is committed to investing in technology and capabilities that innovate and differentiate, giving financial professionals a competitive advantage in the marketplace. Atria subsidiary broker-dealers have access to a suite of modern tools, including an integrated advisor platform, Unio, an intuitive client-facing portal, Clear1, and a comprehensive fee-based advisory platform, Contour. These offerings, along with an extensive list of product solutions and comprehensive practice management and marketing tools, will be extended to SCF.
“This partnership with Atria is really an extension of SCF. Atria’s values align perfectly with our culture, and their relentless commitment to pursue the voice of the financial professional in all they envision, build and implement is unmatched,” said Randy Meadows, SCF President. “We look forward to embracing Atria’s tremendous resources and enhanced technology — empowering us to accelerate our vision of equipping financial professionals with a competitive advantage as the needs of their clients continue to grow.”
SCF is the sixth broker-dealer acquired by Atria and joins its current subsidiaries, Cadaret, Grant & Co. Inc., NEXT Financial Group, Inc., Western International Securities, Inc., CUSO Financial Services, L.P. and Sorrento Pacific Financial, LLC.
Source: Company Press Release