Arkadios Capital, an independent broker-dealer based in Atlanta, has recently recruited a 15-member team from Gulf Coast Wealth Management, which managed approximately $850 million in assets under its previous affiliation with LPL Financial. This move exemplifies Arkadios’ growth strategy amidst ongoing M&A activities in the independent brokerage industry. Arkadios is capitalizing on M&A disruptions to attract teams that seek a more personalized and boutique service model. The firm has rapidly expanded since its founding in 2016, now boasting over $11 billion under management and 220 affiliated advisors. As firms like LPL Financial grow larger through acquisitions, such as their pending purchase of Atria Wealth Solutions, Arkadios provides an attractive alternative for smaller teams looking for a less restrictive and more customized environment. The Gulf Coast team was drawn to Arkadios’ commitment to advisor independence, technology investments, and a high-performance culture. This recruitment aligns with industry trends identified by DeVoe & Co., which note an increase in M&A activity in 2024. Arkadios aims to continue leveraging these trends for further expansion, with several large transitions anticipated in the coming months.

Financial Services, Mergers and Acquisitions (M&A),United States

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