Rise Growth Partners, a wealth management firm for growth-oriented registered investment advisors (RIAs), announced its second strategic minority investment, backing Grimes & Company.
This full-service, family-owned and operated wealth management firm with around $5.7 billion in assets under management (AUM), Grimes serves about 3,000 households nationwide and has built a heritage of growth through its high-touch approach to financial planning and investment management.
This partnership will help advance Grimes’ continued momentum, enabling the firm to deliberately expand its geographic presence, further refine its centralized planning process, and attract growth-focused advisor teams and firms.
Launched by Timothy (Tim) Grimes and now led by son Kevin Grimes, the eponymous firm has built a reputation for centralized planning and investment strategies that scale without sacrificing personalization. And with presence in Massachusetts, Texas, Florida and Nebraska, Grimes has already expanded beyond its New England roots and is now poised to accelerate its footprint in select areas.
Rise, backed by a strategic investment commitment from Charlesbank Capital Partners, was created to empower growth-oriented RIAs with the resources, expertise, and capital they need to accelerate growth without ceding control. Unlike many traditional strategic acquirers, Rise partners with firms that want to scale while preserving their culture, independence, and client-first philosophy.
KEY QUOTES:
“We’ve always believed that growth should be intentional, and this partnership is the next step in executing on that vision. The Rise team immediately understood the scalability of our business, the uniqueness of our model and our exciting vision for the future. With their expertise and resources, we’ll be positioned to multiply our impact while maintaining the collaborative culture and relationship-driven client experience that have defined Grimes and its success to date.”
“This partnership allows us to build something even more special, enabling us to become a magnet for top talent and remain an industry leader for years to come. For our clients, it means even more resources, expanded expertise and enhanced planning capabilities, all while maintaining the same hands-on approach they value. For our advisors, it means greater access to best-in-class technology, additional investment and planning support and a strategic growth partner that allows them to better serve their clients. We are not sacrificing our independence or culture; we are enhancing it.”
– Kevin Grimes, CEO and Chief Investment Officer at Grimes
“Grimes has built an incredible business by delivering truly bespoke investment portfolios at scale, something rare in an industry dominated by model-driven approaches. We see a tremendous opportunity to partner with investment-centric firms that value centralized planning and growth while maintaining the flexibility of customized portfolios. Our goal is to help Grimes realize its potential of becoming a lighthouse brand in the industry, expanding its national presence by attracting like-minded teams who share this commitment to excellence.”
– Joe Duran, Managing Partner at Rise
“Great wealth management is not just about numbers—it’s about vision, strategy and an unwavering commitment to clients’ success. The Grimes team embodies all three, turning financial goals into lasting legacies.”
– Terri Kallsen, Managing Partner at Rise
