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| Verdence Capital Advisors Unveils Verdence/RIA+, Expanding and Rebranding the Firm's Unique Offerings for Other RIAs
"Rebranding was essential to communicate the expansion in service offerings, but the transformation from Verdence/OCIO to Verdence/RIA+ is so much more than a name change," said Leo Kelly, CEO of Verdence Capital Advisors. "It embodies our commitment to evolving alongside our clients and the transition of this part of our business from an OCIO solutions provider to a full-service RIA extension. As independent advisors seek more comprehensive solutions and additional robust services, Verdence/RIA+ stands ready to assist." "As RIAs ourselves, we understand the unique challenges and opportunities faced by our peers," added Mr. Kelly. "So we've further expanded the toolkit we can provide to firms to help them answer the two-part question faced by every advisor - `how can I grow my business now and how do I plan for the future of my firm, my team and my clients?'." Verdence/RIA+ will continue to offer a comprehensive range of solutions and support services tailored specifically for solo advisors and small to midsized RIAs. This suite of tiered services is customized for each RIA. Among the service offerings are: continuity and succession planning, financial planning support, investment research, investment management, back office, compliance as well as access to private markets and deal flow. "I knew when I joined Verdence that the team had already put together what I believe to be one of the more comprehensive suites of RIA services in the business," said Peter McGratty, Director of Verdence/RIA+. "Among the important additions to the program are continuity and succession planning. Advisors do such a good job helping clients plan for the unexpected and for their retirement, but often do not spend the time planning for their own circumstances. This is becoming critically important as advisors look to retirement. If an RIA is looking to `scale for a sale,' we can assist; if they're looking to plan for the eventual handover of ownership to the next generation of firm principals, we can help there too; and if the question of what comes next is an open one, that is a challenge we are uniquely equipped to meet, delivering a range of custom options and assisting with the steps need to make any of them a reality." "Having worked with emerging, breakaway and established independent advisors for nearly his entire career, Pete brings a wealth of experience to this role and his insights and those of his colleagues on the RIA+ team are now available at a time when advisors have more options, but are facing more potential pitfalls, than ever before," added Mr. Kelly. "I'm very pleased to see this evolution of our OCIO business into RIA+, bringing such thoughtful solutions to market at such a critical time." For more information about Verdence/RIA+, please visit: https://ria.plus/ About Verdence Capital Advisors Verdence Capital Advisors is a private wealth advisory and multi-family office firm headquartered in Hunt Valley, Maryland, with offices in Northern Virginia and Naples, Florida. Committed to the principle that advice should be transparent, customized, and given without bias, true independence is one of the guiding principles of Verdence Capital Advisors. For more information, visit: www.verdence.com View source version on businesswire.com: https://www.businesswire.com/news/home/20240417094105/en/
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