Gladstone Wealth Group, a financial services provider based in Chester, and Fort Mill, South Carolina-based Financial Resources Group Investment Services, have entered into an agreement to merge, effective May 15.
The merger will create one of the largest Registered Investment Advisors and have 670 registered representatives, 155 employees, $24 billion in brokerage and advisory assets, and $141 million in revenue.
“We are very excited about this merger, as it enhances our ability to provide services and support to a broader depth of advisors,” Bruce Miller, president of Financial Resources Group, said. “Robert Hudson and I have worked together since 2016. In that time, we have developed a great personal relationship and share a common vision of support for financial advisors.”
Financial Resources Group will be responsible for overseeing and supporting Gladstone’s corporate LPL advisors, it said.
“We see this as a tremendous opportunity for our existing and future advisors,” Robert Hudson, founder of Gladstone Wealth Group, said. “Bruce and I have known each other for years and, with tremendous respect for one another, have always looked to work together. We felt now was the opportune time for us to leverage one another’s business. We are terrific complements, as we focus on attracting and servicing financial advisors or teams of financial advisors with over $100 million in assets under management and have our own RIA, while Financial Resources Group offers best in class infrastructure and resources for all advisors.”