Atria Adds $4B Wealth Management Practice
Financial Advisor IQ
January 28, 2021
Atria Wealth Solutions says it has added another large California independent wealth management practice.
Founded in 1992, Fresno, Calif.-based SCF Securities has around 150 independent financial professionals and its acquisition will bring Atria $4 billion in assets under administration, an Atria spokesperson tells FA-IQ in a statement.
Atria is acquiring 100% of SCF Securities, SCF Investment Advisors and SCF Marketing, with the deal expected to close in the first half of 2021, Atria says. Randy Meadows, SCF president and CEO, will remain president of SCF and continue operating from the firm’s Fresno headquarters, Atria says.
