Independent broker/dealer Cadaret Grant, a subsidiary of Atria Wealth Solutions, has recruited an office of supervisory jurisdiction managing $600 million from Royal Alliance. The team of 12 advisors is based in Wall, N.J., and is led by Bert Riley.
Kevin Beard, Atria’s chief growth officer, said Riley was attracted to the firm’s capabilities combined with a “boutique” feel. Having Brian Nelson, Cadaret’s new head of practice management, on board was another attraction. Atria hired Nelson, who founded third-party consulting firm Pratica Consulting, earlier this year to build out a new practice management division with the IBD.