Rise Growth Partners—the wealth management industry’s first synergistic financial partner for growth-oriented registered investment advisors (RIAs)—announced an inaugural strategic minority investment in Bleakley Financial Group. Bleakley is a distinguished wealth advisory and financial planning firm with over thirty years of history, whose advisors currently service nearly $10 billion in advisory assets as of June 30.
This partnership will give Bleakley essential resources and capital to attract growth-focused firms, advisor teams and individual advisors, enhancing its long track record of continuous growth and client-centric operations.
Earlier this year, Rise also announced a $250 million investment commitment from Charlesbank Capital Partners, supporting the efforts to invest in select RIAs nationwide. Rise is actively deploying this capital and plans to continue investing in select firms that align with its strategic goals and vision.
KEY QUOTES:
“As a firm built by advisors for advisors, our focus has always been on growth. We take pride in consistently delivering high-caliber planning and investment strategies to our clients. For a long time, we have considered bringing on a partner to accelerate our evolution into a nationally recognized firm. In Rise, we found a strategic partner with not only capital but also the expertise to expand a national firm that attracts top-tier growth-oriented advisors.”
- Andy Schwartz, CFP, principal at Bleakley
“From the inception of Rise and with each new addition to our team, our focus has never been solely on deal-making, but on making a meaningful impact. Our team is committed to serving our partner firms, which we are meticulous in selecting. Bleakley exemplifies all the essential pillars we seek in firms that we will partner with to build a lighthouse brand in the industry. For one, their experienced and aligned management team has fostered a client-centric culture. In addition, they have developed a platform that empowers advisors to practice at the top of their license and focus on delighting clients. Last but by no means least, Bleakley’s consistent growth, achieved through organic and inorganic strategies, is a testament to the team’s capabilities. Rise looks forward to accelerating and supporting that growth.”
- Joe Duran, managing partner of Rise
