Integrated Partners Buys $2.25B Southern California RIA Laurel Wealth Advisors

Integrated Partners, a financial planning and registered investment advisor has acquired Laurel Wealth Advisors, a Southern California-based advisory firm with more than $2.25 billion in assets founded by Wall Street veterans Lee Tripodi and Mark Welsh. The deal marks Integrated’s first acquisition in its nearly three-decade history.

Financial terms of the deal were not made available. A deal was reached “after significant due diligence by both parties,” said Waltham, MA-based Integrated. The acquisition has boosted its client assets to $15 billion from approximately $8 billion in 2019. The firm now has 200 advisors, 165 CPAs and 60 regional offices across the US.

“As we began conducting due diligence to identify potential partners, we were determined to identify a firm that would value our ethos and entrepreneurial spirit,” said Tripodi.

Integrated found Laurel to be a strong fit because of the firm’s “holistic planning focus, cultural alignment and prior broker-dealer experience.”

“It was apparent almost immediately that the team at Laurel was a strong fit for us and vice versa,” said Paul Saganey, President and Founder, Integrated Partners.

In addition, RIAs can utilize Integrated’s CPA Alliance, a program that partners advisors with CPAs, and its Business Owner Solutions program, which provides business owners with tools as they prepare to exit their firms.

Laurel has recruited over 30 advisors since its founding in 2011, but recently started exploring paths to achieve continued scale.