Head Investment Partners, a Tennessee-based independent financial advisory firm, has joined Triad Advisors' broker-dealer and hybrid multi-custodial registered investment advisory (RIA) platform.
Head Investment Partners will affiliate with Triad through the latter’s specialised RIA entity Triad Hybrid Solutions. The advisory firm will be able to access the benefits of affiliation with Triad's broker-dealer platform through Triad Hybrid Solutions.
The deal will add about $190m in fee-based advisory and brokerage assets to Triad’s portfolio.
Knoxville-based Head Investment Partners meets the multi-generational wealth management needs of affluent families, business owners, corporate executives and professionals across the US,a s well as offers investment management services for corporate accounts and insurance companies.
Head Investment Partners founder and managing director Daniel Head said: “This strategic move will enable us to greatly improve our client service by freeing us to choose for ourselves best-in-class technology that optimally serves our clients' needs, and to provide open-architecture investment solutions that fulfill our risk-averse investment philosophy and reflect our own analytical skills, without being subjected to the pressures imposed by a corporate parent.
“This transition will also free us to add additional advisors and new offices, as part of our longer-term growth strategy."
Triad Hybrid Solutions CEO and Triad Advisors senior vice president of advisory services Michael Bryan added: “Over the years, Head Investment Partners has established an exceptional reputation serving high-net-worth clients, especially throughout the Southeast, and we are eager to assist them in their mission to grow their firm and enhance the quality of the high-level services they offer their clients."