Ivory Wealth Management, a Connecticut-based firm managing $214m in assets, has joined broker-dealer Kestra Financial.
The move to Kestra was said to be aimed at driving growth and hiring efforts as well as improving adviser service.
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Ivory caters to individuals as well as companies with investment, financial planning, and insurance services. The firm is headed by founder Charles Crilly.
Crilly noted: “We’ve grown significantly over the years and need a partner equipped to support our ambitions for future success.
“From cutting-edge technology integrations to operational know-how, Kestra Financial’s resources quickly proved to be the right fit.”
The Ivory team also includes senior vice president and financial adviser Jeremy Soboleski, operations manager Kathy Hofmann, vice president and financial adviser Tiffany Knoop, and senior vice president and fixed income strategist Quentin Elliott.
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By GlobalDataKestra Financial executive vice president of business development Daniel Schwamb said: “The team at Ivory Wealth Management has built an exceptional practice by continuously innovating their offerings for clients, most recently within their retirement plan division.
“Through our partnership, we are confident they will now have the right tools in place to provide even better service and further expand their business.”
Last year, private equity firm Warburg Pincus signed an agreement to buy a majority stake in Kestra from Stone Point Capital.
Stone Point retains a minority interest in the business.
