Dallas-Based True North Advisors Receives Equity Investment from Florida and California Firms
True North Advisors, a Dallas-based registered investment adviser (RIA), has announced that it has received a minority equity investment from Wealth Partners Capital Group (WPCG) and HGGC. This strategic partnership aims to accelerate True North’s growth through targeted acquisitions. WPCG, based in Palm Beach, Florida, and HGGC, based in Palo Alto, California, have invested in True North to support its expansion plans. Financial terms of the investment were not disclosed.
Partnership to Enhance True North’s Offerings
True North Advisors expressed excitement about the partnership and the opportunities it will bring for growth, creativity, and success. Scott Wood, CEO and co-founder of True North, believes that WPCG’s expertise in identifying strategic opportunities will enhance True North’s core offerings and provide clients with more comprehensive solutions. Mark Gehlbach, president and co-founder of True North, also expressed confidence in the partnership, emphasizing the potential for new growth opportunities.
True North’s Impressive Growth and Range of Services
Since its establishment in 2000, True North has rapidly become one of the fastest-growing RIAs in Texas and is recognized as one of the top 150 RIAs in the country. The firm primarily serves significant business owners, entrepreneurs, and families, providing wealth planning, investment management, and business transaction planning solutions. Additionally, True North manages a turnkey alternative investment platform called Western Alternative Strategies, which offers exclusive access to institutional-quality private investments. With over $3.3 billion in assets under management, the firm is well-positioned for further expansion.
Expanding Presence in Texas and the Southwest
True North’s partnership with WPCG and HGGC will allow the firm to focus on serving its clients while expanding its presence in Texas and the greater Southwest region. John Copeland, managing partner of WPCG, believes that True North’s experienced management team and unique approach to planning and investments will position the firm as a leader in wealth management in the Southwest. This sentiment is echoed by Neil White, president of HGGC, who emphasizes the potential for True North to expand its platform through organic growth and strategic mergers and acquisitions. White also highlights his firm’s commitment to supporting True North’s management team in building the business in the coming years.
Dallas Innovates: Staying Ahead of the Curve
True North’s equity investment from WPCG and HGGC demonstrates the growth potential of Dallas-based firms and the attractiveness of the Southwest as a hub for wealth management. As Dallas continues to foster innovation and attract top talent, there is a growing need for comprehensive financial services. True North’s partnership with WPCG and HGGC positions the firm to be at the forefront of this industry, providing clients with enhanced solutions and expanding its reach across the region.
Analyst comment
Positive news: Dallas-Based True North Advisors Receives Equity Investment from Florida and California Firms. As a analyst, I predict that True North’s partnership with WPCG and HGGC will fuel its growth by allowing them to pursue targeted acquisitions. This investment will enhance True North’s offerings and expand its presence in Texas and the Southwest. The firm is well-positioned for further expansion and is set to become a leader in wealth management in the region.
