Mergers & Acquisitions

Integrated Partners Adds $2.25 Billion RIA Laurel Wealth Advisors

Based in California, Laurel was attracted to Integrated’s proven ability to accelerate RIA growth and offer an array of invaluable practice management resources

BOSTON – February 27, 2023 – Integrated Partners, (“Integrated”) a national financial planning and registered investment advisory (RIA) firm, today announced that it has acquired Laurel Wealth Advisors,(“Laurel”) a California-based independent advisory firm known for its holistic planning approach, after significant due diligence by both parties.

Laurel Wealth Advisors was founded in 2011 by financial services industry veterans Lee Tripodi and Mark Welsh, who saw an opportunity to build an advisory firm that fosters core tenets of transparency and trust. Laurel has since recruited more than 30 advisors and attracted more than $2.25 billion in assets, but recently started exploring paths to achieve continued scale.

“As we began conducting due diligence to identify potential partners, we were determined to identify a firm that would value our ethos and entrepreneurial spirit,” said Tripodi, co-founder of Laurel. “It quickly became clear that Integrated’s significant track record of accelerating advisors’ organic growth would provide an immediate lift, while enabling us to preserve the special culture we have built here at Laurel. We’re excited to embark upon this new journey with them, and with our clients.”

Integrated offers advisory firms a variety of ways to accelerate growth, including minority and majority acquisition, revenue sharing and affiliation models. Each path allows RIAs to leverage Integrated’s robust suite of resources, which include technology, investment management, advanced planning, marketing support, succession planning, and comprehensive business counsel.

A Strong Fit For Both Sides

“It was apparent almost immediately that the team at Laurel was a strong fit for us and vice versa,” said Paul Saganey, President and Founder, Integrated Partners. “This partnership represents a new dimension of Integrated’s growth strategy, and we could not be more proud to share this important milestone with this exceptional advisory firm.”

This partnership represents a new dimension of Integrated’s growth strategy, and we could not be more proud to share this important milestone with this exceptional advisory firm...

In addition, RIAs can tap into Integrated’s long-running CPA Alliance, a program that partners advisors with CPAs to more comprehensively serve clients; and its Business Owner Solutions program, which provides business owners the necessary planning infrastructure as they prepare to exit their firms. Further, Integrated’s recently relaunched Integrated Family Office brings together experts in family and business law, business management, private lending, recordkeeping and investing to serve the complex needs of business owners and affluent households.

Integrated found Laurel to be a strong fit because of the firm’s holistic planning focus, cultural alignment and prior broker-dealer experience.

Rob Sandrew, Chief Growth Officer at Integrated Partners, added: “At Integrated, we’re known for our flexibility and willingness to work with advisory teams in a non-disruptive nature across all channels of the market. Our model has now been bolstered by the ability to outright acquire firms with which we closely align. We will continue to be deliberate in our recruiting efforts so we can help firms accelerate their growth while maintaining the qualities that make them unique.”

Integrated has been named the fastest-growing RIA in the country by SmartAsset for the last two years and by Citywire RIA as one of the top-growing firms in Massachusetts for two years running. To learn more about Integrated and how to join the firm, go to integrated-partners.com.

 

 

 

About Integrated Partners
Since 1996, Integrated Partners has been helping financial advisors to achieve their entrepreneurial vision. We offer comprehensive business building services, designed with the truly independent advisor in mind. With over 200 advisors, 165 CPAs and 60 regional offices across the United States. Integrated has built our reputation advisor by advisor, client by client. Constructed and grown upon a foundation of empowerment, integrity, and trust, we believe in the incredible power that financial advisors have to make a positive impact on people’s lives. Integrated supports advisors by offering a completely customizable open architecture business environment: technology, investment management, advanced planning, CPA partner program, custody, marketing, public relations, M&A, succession planning and comprehensive business counsel.

 

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