Triad Adds Gallagher’s $6.3B Retirement Planning Consulting Business
The advisory group announced Monday that Gallagher’s retirement planning consulting exercise, which includes 90 advisors, 50 support staff and about $6.3 billion in discretionary assets under management, has dived its business into the advisory group’s broker-dealer, Triad Advisors. has been transferred. Gallagher joins Castra Financial, a hybrid registered investment advisor.
It specializes in providing retirement planning counseling to defined benefit and defined contribution clients. The firm has 55 clients and full portfolio discretion across 56 pools of assets. He also serves as an investment advisor and advisor to 156 clients in 195 pools of assets totaling $76 billion.
“Autonomy was a key factor in our decision to consolidate most of our major business lines, which include more than 2,000 retirement plans,” Gallagher’s National Practice Leader for Retirement Plan Consulting said in a statement. —with Gallagher Fiduciary Advisors, LLC as the RIA and Triad Advisors as the broker-dealer—offers the flexibility to enhance our financial planning practice.
“Gallagher chose Triad because of its experience, expertise and focus on partnerships,” said Jeff Leonard, Gallagher’s leader in financial and retirement services, in a statement.
The advisory group has gone through some senior leadership changes since its acquisition of Ladenburg Thalmann in early 2020.
Gary Bender, senior vice president of broker-dealer recruitment for Securities Americas, an advisory group b/d, recently left the firm after seven years to join Atria Wealth Solutions as head of recruitment. The departure follows other recruiters, including Greg Johnson, executive vice president of recruitment and revenue acquisitions at the advisory group, who left the firm last year. Johnson joined the Carson Group as national sales director last October, and has since brought on a few collaborators from Security America, including Scott M. Briganti, who was at IBD for 22 years, most recently as Vice President of Branch Office Development. At Carson, he is serving as Vice President of Partnership Development.
Following Johnson’s departure, the advisory group hired Kristen Kimmel, former head of consultant recruitment and field marketing at RBC, to take on her responsibilities as well as an expanded role. Kimmel was named one of WealthManagement.com’s Ten to watch in 2022.