- 05 Mar
FSWA IS IN THE NEWS !
SRG Closes Fieldstone Financial Management Deal with FourStar Wealth Advisors
PORTLAND, Ore., Feb. 21, 2019 /PRNewswire/ — Succession Resource Group (SRG) is excited to announce the 4th transaction of the 2019 calendar year, with the sale of Boston based RIA – Fieldstone Financial Management to FourStar Wealth Advisors. FourStar is led by CEO Brian Kasal, who has taken his already successful Chicago based RIA with approximately $117 million in assets under management in its first five years in business to $350 million with this acquisition. SRG began working on behalf of Fieldstone in September of 2018 to find qualified buyers capable of acquiring a firm of their size, which had grown through numerous acquisitions across the country over the last decade. The size of the RIA and remote location of most of the staff and clients created a unique opportunity for a buyer who could operate the business from anywhere in the country, but also narrowed the potential pool candidates to buyers with the experience and technology to be successful. Succession Resource Group was able to generate tremendous interest in Fieldstone through a combination of its existing buyer relationships, as well as relationships with other channel partners and custodians. Based on the marketing efforts of Succession Resource Group, Fieldstone had interest from 37 buyers, narrowed the candidate pool to three qualified buyers, and received offers from the top two buyers. Fieldstone selected FourStar based on a combination of alignment and presenting a competitive offer.
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