Elite Consulting Partners in Moorestown has acquired Advisors Successions LLC, a New York-based firm specializing in matching qualified buyers and sellers within the financial services industry interested in succession and growth opportunities.
Elite Consulting Partners will be merging Advisors into its existing Elite Corporate Services division, which specializes in working with broker-dealers, hybrid firms and registered investment advisers to assist in meeting internal adviser hiring goals. The new entity formed by the merger will be named Elite Advisor Successions.
“The formation of Elite Advisor Successions will prove transformative for the financial services industry,” Frank LaRosa, CEO of Elite Consulting Partners and managing partner of Elite Advisor Successions, said.
Advisor Successions CEO Garrett Taylor states: “I am excited about the future as the company I have forged merges with one of financial services’ most esteemed innovators. The collaboration with Frank LaRosa and Elite Consulting Partners will take the company I created to the next level I always envisioned, and I am pleased to be staying on board for the journey as chief acquisition officer.”
Elite Advisor Successions will offer a platform that enables financial advisers to grow and monetize their practices through acquisition, be it as a qualified buyer or seller. Utilizing a proprietary evaluation process, Elite Advisor Successions will provide an optimal solution for matching advisers with acquisition or succession opportunities in collaboration with an online suite of state-of-the art tools and resources, in conjunction with consulting services, to support advisers and firms as they navigate the buy-sell process.
It is expected that the synergies created by the formation of Elite Advisor Successions will drive greater results for client firms looking to recruit financial advisers while also driving a greater number of sellers into the hands of prospective buyers.