ATLANTA, Aug. 3, 2017 /PRNewswire/ -- Triad Advisors, Inc. ("Triad" or "the Firm"), the leading independent broker-dealer supporting independent hybrid financial advisory practices and registered investment advisory (RIA) firms, today announced the successful recruitment of Claris Financial LLC ("Claris Financial") to its broker-dealer and hybrid RIA custodial platforms. Claris Financial is an independent hybrid RIA firm that supports approximately $150 million in advisory and brokerage client assets as of March 31, 2017. Triad Advisors is a wholly owned subsidiary of Ladenburg Thalmann Financial Services (NYSE American: LTS; LTS PrA).
Founded in 2009 and based in the Greater Richmond Area of Virginia, Claris Financial provides holistic financial planning and comprehensive fee and brokerage-based wealth management services to mass affluent and high-net-worth retail investors across the country, with a particular focus on the Mid-Atlantic states. Claris Financial encompasses seven staff members in total, including the firm's four financial advisors who comprise its leadership team, John Paxton, President and Managing Director; Daniel F. Murphy, Wealth Manager; Christopher Farver, Wealth Manager; and Aaron Gibbs, Wealth Manager.
Nathan Stibbs, Executive Vice President and Chief Strategy Officer at Triad Advisors, said, "We're delighted to welcome Claris Financial to our platform. Their leadership team's high energy and commitment to delivering an exceptional client service experience has propelled the firm's impressive growth over the years. As our industry enters a new fiduciary era, opportunities abound for independent hybrid advisory businesses, as clients seek out the increased choice and flexibility in services and offerings that firms with this model can offer. Triad Advisors is proud to provide the resources, tools and expertise that Claris Financial and hundreds of other growth-focused independent hybrid advisory firms across the country need to fuel their success going forward."
John Paxton, President and Managing Director of Claris Financial, stated, "Our decision to join forces with Triad Advisors was a natural outgrowth of who we are, and what we hope to accomplish for our business in the years to come. We wanted a broker-dealer partner that thoroughly understands our particular client service model, shares our vision of the future and offers a unique combination of scale-driven resources with a boutique advisor support culture. In Triad Advisors, we found a perfect match."
Mr. Paxton concluded, "In addition to Triad's proven track record of expertise in supporting hybrid RIAs, the age diversity represented in Triad's senior leadership team was also very important to our firm. We consider ourselves to be a Gen X-led team that excels in understanding the unique needs of retail investors at each level of the age spectrum, and we feel that Triad shares similar strengths, as reflected in the firm's ability to attract and promote the business growth of younger independent hybrid advisors. Adding these multiple advantages to the fact that affiliating with Triad provides us with access to broader Ladenburg Thalmann resources - such as top turnkey asset management solutions, trust services and insurance brokerage support - made this transition a very easy decision for us."
About Claris Financial LLC
The mission at Claris Financial is to bring clarity to the financial services industry. With a wealth of practical experience, the advisors at Claris Financial take the time to listen to the individual needs of their clients. Coupled with state-of-the art technology and resources, Claris Financial offers first-class service and practical solutions.
About Triad Advisors
Headquartered in Atlanta, GA, Triad Advisors, Inc. is a national, independent broker-dealer and multi-custodial SEC-Registered Investment Advisor (RIA) that is an early pioneer and continued leader in the Hybrid RIA marketplace. The company provides a comprehensive platform of products, trading and technology systems, as well as customized wealth management solutions. Recognized as one of the most successful and fastest-growing independent broker-dealers in the industry (including being named the leading broker-dealer for Hybrid RIAs eight years in a row by Investment Advisor magazine), Triad Advisors is a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS; LTS PrA). For more information, please visit www.triad-advisors.com.
SOURCE Triad Advisors, Inc.