Advisor Pride News Today

Gateway will take a 15-20% revenue stake in the advisor’s practice, in exchange for cash and equity in the firm's holding company.

John Johnson, who led NPC before it was acquired by LPL, will serve as chief strategy officer at Gateway Financial Partners, a super OSJ of LPL.

A small subset of OSJs is going beyond leveraging scale to get better deals with broker/dealers to become full-service support platforms for advisors.

Glastonbury’s Gateway Financial Partners has acquired an out-of-state firm in a deal expected to create a combined company with $4 billion in assets under management. Gateway said it acquired Advisors’ Pride, a registered investment advisory business headquartered in Appleton, Wisconsin, southwest of Green Bay. Financial details were not disclosed. As a combined entity, Gateway will now be co-headquartered in Glastonbury and Appleton, officials said. Eric Hall, who had served as president of...

Connecticut-based Gateway Financial Partners' founder sees an opportunity to buy more OSJs, and may seek a capital partner, he says.