Dallas’ True North Advisors Receives Equity Investment from Florida and California Firms

Mark Eisenberg
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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.

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤