Integrity Hits $40B In Assets Under Management And Advisement With Acquisition Of Gladstone Wealth Partners

Integrity Marketing founder and CEO Brian W. Adams (second from left) celebrates the acquisition of Gladstone Wealth Partners from the New York Stock Exchange. [Image credit: Integrity]

Dallas-based Integrity Marketing Group has acquired Gladstone Wealth Partners in a transaction that brings Integrity's total assets under management and advisory to nearly $40 billion.

That's double what Integrity did two years ago. In December 2021, the company received a $1.2 billion investment from technology investment firm Silver Lake, making it a minority shareholder in Integrity.

Integrity is a leading life and health insurance distributor and provider of retirement planning and wealth management solutions. Gladstone is an asset management company offering independent advisory services and registered broker-dealers.

The acquisition is one of the largest in Integrity's history.

According to Integrity, the acquisition was one of the largest deals in its history. The finanacial terms of the contract were not disclosed.

"Integrity continues to aggressively grow its wealth management business through partnerships aimed at strengthening and expanding our advisory offering," Brian W. In Adams said in a statement. “Today's leading financial professionals know their clients need innovative wealth management strategies to protect their hard-earned wealth and protect their retirement. Integrate omnichannel integration capabilities with Gladstone's world-class financial services expertise, broader life, health and wealth planning solutions, and us. they are able to offer more complete solutions to more people than ever before. We look forward to continuing to innovate with Gladstone's visionary leadership as we advance our collective mission to help Americans create better days ahead."

Honesty. The partnership will position the company for sustained growth and value creation.

Integrity said the partnership will help accelerate its strategy by strengthening its holistic financial planning offering and enhancing its wealth management expertise, positioning the company for sustained growth and value creation.

Integrity expects the partnership, first announced in August, to continue to support Gladstone's year-over-year revenue growth, portfolio growth and advisor recruitment, and complement Integrity's extensive and unique partner services.

"Even in the current economic environment, Gladstone has maintained a strong track record of growth and expansion," Tom Dempsey, Integrity's director of sales, said in a statement. "Since the initial partnership agreement, Gladstone's portfolio has more than doubled against the S&P 500. While investor sentiment is mixed with negativity, Gladstone continues to post positive net inflows each month. This was a remarkable achievement, especially considering the stock market conditions at the time... It speaks well of Gladstone's visionary leadership and the size of the team of experts they have assembled.

Under the terms of the purchase agreement, Gladstone founder and Chairman Robert Hudson and Gladstone CEO Richard Frick will continue to lead Gladstone's operations.

They will also assume the additional role of Managing Partner of Integrity and Integrity's partner firm's omnichannel platforms ranging from life and health insurance products, data analytics, third-party management and advertising to financial planning, with their comprehensive expertise and experience. in wealth management. and Management.Equity.

"One of the most exciting aspects of this partnership is the broad impact of our synergies in the financial services industry," Hudson said in a statement. “Gladstone's diversified consulting support architecture and business leadership perfectly complement Integrity's full suite of technologies, products and services, enabling us to deliver better results for our consulting clients. Together we will work to create a seamless ecosystem that provides insurance and financial services professionals with the systems and resources they need to help their clients achieve their lifetime financial goals.”

Integration has advanced its vision to provide innovative financial services to all stakeholders through additional acquisitions of Lion Street, WealthFirm, Ash Brokerage, Annexus and other leading companies, the company said.

Check back daily to see what's new and upcoming in Dallas-Fort Worth.

KEEP READING

• This week of North Texas hiring, promotions and awards also includes news from Avodah, Skylark Equity Partners, Stream Realty Partners, Sesami Cash Management Technologies and more.

• Also on this week's North Texas Deal Track is news on Dallas startup VRGL, which has raised $15 million six months after launch, leading S2 Capital's $400 million multi-stage investment fund, CBRE, a prophylactic company $125 million Series E for VTS, was acquired by CVS. Health. Signify Health for $8 billion, the latest acquisition of BenefitMall and more.

• Founded in 2021, Dallas-based VRGL is an automated data and analytics platform for wealth management firms. With the goal of reducing time to profit and increasing the size of initial checks, the platform can provide a "complete and transparent view" of an entire pipeline of leads in minutes to fill a need that is "ripe for growth." innovation and disruption. said one of the investors. "The VRGL team quickly transformed the company's product into a platform that any adviser can use," the other two investors added in a joint statement.

• Reveles' new DCT management platform expands access to clinical trials by allowing patients to participate without leaving home. These technologies include enabling electronic consent for existing and potential patients; online video and audio between patients and healthcare providers; direct data collection, including real-time data, status and compliance views, electronic sources, electronic journals, devices, wearables, questionnaires and surveys; and telemedicine.

• Also in this week's North Texas deal roundup is news about biotech Renibus Therapeutics raising $8.48 million to fight cardiovascular disease. Deposit Raises $5 Million For Plug-and-Play Financial Services Platform; Lion Real Estate Group is targeting multi-family homes in the Sun Belt with budgets of $200 million or more.