Stonebridge Financial Group, LLC, a firm providing personal wealth management and corporate retirement services with over $1.5 billion assets under management (AUM), has started its own SEC-Registered Investment Advisor (RIA).
The firm completed its transition from Triad Hybrid Solutions to the new RIA on February 1, following months of planning and preparation. The change will enhance the team’s ability to serve advisors locally and across the country as well as provide a better client experience.
“As our team has grown tremendously in the past five years, establishing our own RIA has been a consideration for some time. We’re so pleased to reach this final step in the evolution of our firm to better serve our clients,” said Managing Director Brian McCarver, CFP®, CIMA®. “Kudos to our team for their hard work and attention to detail throughout this process while minimizing the impact on our clients.”
Work on the transition began during the start of quarter three of last year and required the repapering of all the firm’s investment agreements.
The change allows Stonebridge to exercise greater freedom in its operational capacities, providing better solutions for clients. It will also strengthen Stonebridge’s internal infrastructure built for future growth, improving the firm’s ability to serve standalone advisors in need of an RIA to provide compliance oversight, portfolio management and client operations support.
“We are so excited for this next step for our firm, which allows us to continue to serve our clients with the highest level of attention. This move also lets us offer better service to other advisors nationwide by providing the back-office support, technology and third-party asset management services they desire,” said Managing Director Jonathan Freeman, CFP®, CIMA®, CFA.
Stonebridge, which has earned Central Penn Business Journal’s prestigious Best Places to Work in PA[1] designation for five years straight, focuses on bringing the human factor back to investing by creating personal, ongoing relationships with each client. Its specialties range from established corporate clients to families, business owners and institutions.
The firm has expanded rapidly over the past three years, adding 12 new employees and earning a spot on Central Penn Business Journal’s list of the midstate’s 50 Fastest Growing Companies[1] in 2023. Stonebridge celebrated its 10th anniversary in 2023.
[1] Disclosure-Eligibility Criteria for CPBJ Fastest Growing Company Award: The Central Penn Business Journal’s Fastest Growing Companies recognizes local businesses’ growth. Companies will be ranked according to revenue growth over a three-year period, with both dollar and percentage increases taken into consideration. This ranking formula will lead to the recognition of both large and small companies. Eligible companies must have revenue of at least $500,000 in each fiscal year ending in 2020, 2021 and 2022; show revenue growth in 2022, as compared to 2020 (three years). Companies must be headquartered in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry, or York counties. This award is not investment related or based upon performance or returns experienced by any client or opinions of the advisor’s clients or former clients. Third-party rankings and recognitions do not ensure that a client or prospective client will experience a higher level of performance or results and are not representative of any client’s endorsement or evaluation.
