Triad Advisors, an independent wealth management firm and part of the Advisor Group network, has recruited Gallagher’s Retirement Plan Consulting Practice, a team of more than 90 advisors and 50 support staff that was previously affiliated with Kestra Investment Services.
John Jurik, Gallagher’s national practice leader for retirement plan consulting, said that “autonomy was a key factor” in the decision to consolidate most of its major business lines, including the more than 2,000 retirement plans overseen by the firm.
“A hybrid model – with Gallagher Fiduciary Advisors LLC as the [registered investment advisor] and Triad Advisors as the broker-dealer – provides flexibility to grow our financial planning practice,” said Jurik.
Gallagher, which provides retirement, investment advice, and consulting to institutional and individual investors, reported discretionary assets under management of $6.3 billion on behalf of 55 clients for 56 pools of assets, according to its ADV filing, as of December 31, 2021. In addition, Gallagher is an investment advisor/consultant with respect to 156 clients for 195 pools of assets totaling $76.1 billion.
“Gallagher leadership’s decades of experience shepherding corporate clients, financial planning clients and potential merger partners to their goals brings incredible value to our network…,” said Michael Gatti, vice president of business development at Triad.
Gallagher Fiduciary Advisors is a subsidiary of Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management, and consulting services firm.
Headquartered in Atlanta, Triad is a national broker-dealer and multi-custodial registered investment adviser firm with more than 600 financial providers on its platform.
Advisor Group serves approximately 10,100 financial advisors and oversees more than $515 billion in client assets. The network includes Triad Advisors, FSC Securities, Royal Alliance Associates Inc., SagePoint Financial, Securities America and Woodbury Financial Services.