New Orleans-based RIA GWM Advisors (Goss Advisors) has signed a definitive agreement to join EdgeCo Holdings’ wealth division.

With around $8bn in brokerage and advisory assets, Goss Advisors serves more than 100 independent advisors across the US.

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The transaction is expected to bolster EdgeCo Holdings’ financial advisory support operations and its wealth management business, which includes Mid Atlantic Capital Group.

Mid Atlantic Institutional Services Group CEO Timothy Friday said: “We are pleased to partner with Goss Advisors. They are revolutionising the industry by delivering a flexible yet robust service offering for the independent advisor market.

“We’re excited to help them expand the tools, resources, and retirement offerings for their current and future advisors as well as introduce Goss Advisors’ concepts to Mid Atlantic’s existing partner base.”

As agreed, all Goss Advisors offices and staff will be retained, while its executives will continue to lead the business.

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Goss Advisors founder and CEO Alex Goss said: “As part of EdgeCo, our access to its industry-leading technology and deep resources will allow us to ramp up our advisor recruiting efforts while enhancing our service levels and value proposition for our existing advisors.”

The transaction is expected to close this year, subject to customary closing conditions.

EdgeCo delivers technology-enabled solutions for financial intermediaries and their clients through its subsidiaries. It includes full-service retirement plan administration, brokerage, advisory, and trust and custody services.

The firm boasts around $130bn in client assets, under custody or administration.