Joe Duran has plans to launch a new RIA firm, Rise Growth Partners, for which its website is live.
The firm will take minority stakes in RIAs with between $1 billion and $5 billion in assets under management, and help them scale platforms to AUM between $10 billion or more.
“There’s a segment of advisers that are being completely ignored, which are advisers who have got 10–15 years of runway left, who have a lot of upside left, who need help building a scalable business in both the way they practice and business management, how they’re setting up their enterprise platform and lastly how they’re structured for growth — both organic and inorganic,” Duran said in an interview with WealthManagement.com. “We can help that next wave of advisory firms be competitive and national and then be able to do that