Two registered investment advisers, including a previous LPL Financial, are melted To create a $ 3.7 billion counseling called Balephire, offering wealth management, tax planning and pension plan tips for businesses.
VisionPoint Advisory Group is breaking away from the LPL, and Navitas's wealth advisers will now operate on the same platform as Balefire. With headquarters in Dallas but offices in 19 countries and clients in 29 countries, the combined firm will focus on wealthy individuals, families and businesses.
Jason Hester, the former Navitas and John Hoffman, a former VisionPoint, have become Balefire co-management partners. Navitas has been in operation since 2001, and VisionPoint was founded in 1982 and joined LPL in 2013, according to Filings.
The firm will pursue a strategy that includes merging and purchases and is aiming for growth over the next decade to $ 42 billion in AUM, $ 215 million and more than 300 employees.
“While our strategic plan includes income and profitability standards, it also focuses on the administration and impact we can make together,” Hester said in a statement. “Clients will see deeper stool strength, broader services and the same personal connection they are used to.”
In its announcement, the firm said councilors could achieve a “confidential conversation” to join Balephire. He highlighted “increasing capacity through operational and client support, enhancing long-term business value and success planning, increasing escalating through proven business development strategies and access to investment and rapid planning processes along with greater enjoyment and flexibility of lifestyle.”
consultation Advisory growth strategies advised both firms for the Union.