Cambridge has launched BridgePort Financial Solutions, a fee-only registered investment adviser (RIA) firm. BridgePort is designed to support smaller independent advisory firms with a range of technology, succession and acquisition, practice management, business consulting and outsourcing solutions. The purpose of BridgePort is to drive long-term growth and longevity through increased stability, scale and a holistic adviser workstation.
“We understand the unique challenges faced by smaller advisory firms in today’s rapidly evolving financial services landscape,” said Jeff Vivacqua, Cambridge president of growth and development. “We created BridgePort with the smaller RIA business owner in mind; for many firms that fall into this category, it may make sense to streamline operations and accelerate their growth pattern by becoming part of a larger group. That is why we created this stand-alone firm, it is a different business model than Cambridge. BridgePort is our newes