Emigrant Partners announced a strategic minority investment in Mutual Group, a national platform serving independent financial advisors and registered investment advisors.
The investment is designed to support Mutual Group’s next phase of growth by expanding its national footprint, enhancing advisor engagement, and accelerating platform development. Financial terms of the transaction were not disclosed.
Founded in 1982, Mutual provides a combination of broker-dealer and advisory services to more than 270 advisor teams and RIAs overseeing over $15 billion in assets. The firm’s platform includes Evolve, a proprietary solution that enables advisors to transition from commission-based models to fee-only structures without the complexity of dual registration.
As part of the transaction, Mutual’s existing leadership team will retain majority ownership and continue to oversee the firm’s strategy and day-to-day operations, maintaining its independence while benefiting from Emigrant Partners’ capital and industry expertise.
The investment aligns with Emigrant Partners’ strategy of making minority, non-voting investments in wealth and asset management firms, providing tailored capital solutions while allowing partner firms to maintain operational control.
InCap Group served as exclusive financial advisor to Mutual Group, and Stradley Ronon Stevens & Young acted as legal counsel on the transaction.
KEY QUOTES:
“Mutual Group has a unique position in the independent community, drawing on its 44 year legacy as a broker dealer and its success over the past decade diversifying to meet the evolving needs of its independent advisor and RIA client base. We’re excited to work with Mutual’s leadership as they continue to expand services across multiple business lines.”
Jenny Souza, President And Chief Executive Officer, Emigrant Partners
“This partnership represents a meaningful step forward in Mutual’s evolution. We were intentional in identifying a partner who not only validates the strength of our model, but who also brings the strategic perspective and long term orientation required to help us scale.”
Aaron Jasper, Chief Executive Officer, Mutual Group
“Emigrant’s deep industry expertise and alignment with our relationship first approach makes them an ideal partner as we continue to invest in our platform and expand our impact across the independent advisor community. Importantly, this investment allows us to maintain our independence and client centric focus, while aligning us with a partner and network of firms that are among the industry’s elite.”
Aaron Jasper, Chief Executive Officer, Mutual Group
