March 1, 2023 • Alex Padalka
Integrated Partners says it has acquired California-based registered investment advisor firm Laurel Wealth Advisors.
Founded in 2011 by Lee Tripodi and Mark Welsh, Laurel has since added more than 30 financial advisors and more than $2.25 billion in assets, according to Integrated.
Laurel recently began looking for ways to ensure growth and zeroed in on Integrated, according to Tripodi. “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,” Tripodi said in the announcement.
Integrated didn’t disclose the financial terms of the deal, which, according to the firm’s founder and president, Paul Saganey, marks “a new dimension of Integrated’s growth strategy.”
“Integrated found Laurel to be a strong fit because of the firm’s holistic planning focus, cultural alignment and prior broker-dealer experience,” per the announcement.
Founded in 1996, Integrated Partners has more than 200 advisors and 165 CPAs working out of 60 offices across the country, according to the firm. Integrated offers RIAs various ways to fund their growth, including through minority and majority acquisition, revenue sharing, and affiliation models, the company says.
Integrated managed a total of $7.83 billion for 27,886 accounts, according to its Form ADV last updated on Feb. 6.
