Home / transaction / Berkshire Global Advisors acted as exclusive financial advisor to Cadaret, Grant
Berkshire Global Advisors acted as exclusive financial advisor to Cadaret, Grant
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  • Berkshire Global Advisors acted as exclusive financial advisor to Cadaret, Grant

  • Date: April 2018
  • Sector: Securities and Investment Banking
  • Sub-Sector: Independent Broker Dealer
  • Region: North America
  • Seller AUM: N/A
  • Seller Details
    Cadaret, Grant is a broker-dealer headquartered in Syracuse, New York and supports more than 900 financial advisors in 475 branch offices nationwide. Founded in 1985, the company provides superior service, advanced technology, effective marketing tools, and a supportive business environment for financial advisors.

    Buyer Details
    Atria Wealth Solutions (Atria) is a modern wealth management solutions holding company designed specifically for today’s advisors and their clients. Headquartered in New York City, Atria’s core mission is to empower its subsidiaries’ financial advisors with a next generation set of tools, services and capabilities that support their growth and enable them to prosper in a digitally connected and constantly evolving financial environment. Atria’s subsidiaries include CUSO Financial Services, L.P. and Sorrento Pacific Financial, L.P. Atria is a portfolio company of Lee Equity Partners, a U.S.-based middle market private equity firm that focuses on control buyouts and growth capital financings.

    Transaction Summary
    This transaction will enable Atria to leverage Cadaret Grant’s three decades of industry leadership, expertise and service to deliver one of the most competitive and powerful offerings in the independent wealth management industry. Having previously acquired CUSO Financial Services, L.P. and Sorrento Pacific Financial, L.P., Atria intends to invest resources and capital in advisor technologies, products and services to meet the growing demands of both advisors and their clients across its three operating businesses.