|By Marketwired .||
|July 9, 2014 03:05 PM EDT||
DALLAS, TX -- (Marketwired) -- 07/09/14 -- SCA announces today that it has acquired a majority position in the Argentus Partners platform. The two firms combine forces and will create the next generation of customization in the Turnkey Asset Management ("TAMP") platform space.
Strategic Capital Alternatives (SCA), a premier money management and investment consulting firm, continues its growth trajectory by adding new RIA firms and Assets Under Management ("AUM") at a rapid pace. SCA has flourished from a combination of organic growth and targeting the under-served market of RIA firms between $100 - 500 million of AUM. Additionally, in the past year, SCA has established an acquisition strategies business to help its target advisors attain the capital needed to acquire other firms and grow their practices.
Argentus Partners has been building its investment and technology platform over the past 12 years. With years of experience the veteran platform is hitting its stride in 2014, as it completes several new technology initiatives that will solidify its leadership in the build-to-suit segment of the TAMP market.
"We are very impressed at the vision and the experience of the Argentus team. In the platform space, advisors expect great service and want to work with firms that really understand their business. Argentus has both," says Timothy Feehan, CEO of SCA. He adds, "When you combine experience and first class service with flexible, cutting-edge technology, you have something special."
In recent years there have been several mergers and acquisitions in the turnkey platform space, impacting both independent platforms and Broker Dealers with in-house advisory platforms. With all of this activity and consolidation, RIA's and hybrids are becoming more and more demanding as to what they want from their platform providers.
"Argentus values the growth strategy and distribution plan SCA has crafted. We are very excited about the future with SCA. With added AUM and revenue, Argentus will be able to increase our commitment to technology development, making the advisor experience even more robust," says Douglas Gill, CEO of Argentus Partners. "Additionally, SCA brings expertise in, and access to both liquid and direct alternative, non-correlated strategies that we feel will be crucial in the coming years."
Combined, SCA and Argentus offer advisors a bespoke investment platform backed with great service, cutting edge technology and a comprehensive array of traditional money management choices. In addition, between the two companies, SCA and Argentus have amassed an impressive collection of non-traditional offerings. These include options based strategies, actively traded ETF strategies from highly sought after firms, and access to alternative strategies built for retail advisors and investors through a tailor-made delivery process.
Argentus Partners, LLC
14785 Preston Rd., Suite 1000
Dallas, TX 75254