$2B enterprise is Atria’s largest recruit to date
April 28, 2021
One of the fastest growing private equity-backed wealth managers has completed the largest recruiting addition of its nearly four years in business.
Financial advisor William Glubiak of Cedar Brook Group left Advisor Group’s Securities America after more than 15 years to affiliate with Atria Wealth Solutions’ Cadaret Grant, the wealth management holding company said April 28. The Cleveland-based enterprise is bringing more than $2 billion in assets under administration managed by 20 advisors.
Lee Equity Partners-backed Atria has grown to more than 2,500 registered representatives and $95 billion in AUA across six independent broker-dealers it’s acquired since launching in 2017. The move by Cedar Brook is the fifth largest in the IBD sector so far in 2020, in terms of assets, according to Financial Planning’s tracking of industry recruiting announcements. Glubiak’s 49-employee firm — which has its own RIA — chose Caderet as its BD to leverage Atria’s resources toward its growth goals in the Great Lakes region from Minnesota to New York.