True North Advisors Broadens Reach with Recent Acquisition

True North Advisors Strengthens Its Market Position

True North Advisors, LLC (“True North”), a registered investment adviser based in Texas, has announced a strategic acquisition of Clear Rock Advisors, LLC (“Clear Rock”). With an impressive portfolio valued at $3.9 billion in Assets Under Management (“AUM”), True North is positioning itself to enhance its offerings and expand its market presence. Clear Rock, managing approximately $470 million in AUM, is known for its commitment to maintaining lasting client relationships and promoting family legacies.

About Clear Rock Advisors

Founded in 2016 by visionary leaders like Charles F. Hall, Jr., Ty Sanders, and Royce Medlin, Clear Rock Advisors has carved a niche in the wealth management sector. The firm’s philosophy centers around authentic client engagement and proactive wealth planning, ensuring clients feel secure and supported.

The Impact of the Acquisition

This acquisition marks a pivotal point in True North's growth strategy. Mark Gehlbach, President and Co-founder of True North, emphasized that Clear Rock is an ideal fit for their firm culturally. He noted, "Their robust growth and strong base of private investors align seamlessly with our firm.” This partnership is anticipated to strengthen True North's comprehensive wealth planning services, incorporating alternative investments essential for modern client portfolios.

Unlocking New Opportunities

Scott Wood, CEO and Co-founder of True North, expressed strong optimism about this acquisition, stating, "The synergy between our firms is undeniable. We see immense potential in this combination, which will enhance our service offerings significantly." With Clear Rock's expertise and client dedication, True North is set to enrich the experience for its clientele.

Excitement at Clear Rock

Clear Rock’s Chairman and Co-founder, Charles F. Hall, Jr., voiced excitement regarding the acquisition. He mentioned, “Joining True North allows us to leverage their extensive resources while continuing to offer exceptional value to our clients.” This collaborative spirit bodes well for the future of both firms as they pursue shared goals.

Committed to Growth

This move also marks True North’s first acquisition since initiating a strategic growth partnership with Wealth Partners Capital Group (“WPCG”) and HGGC’s Aspire Holdings platform. Principal at WPCG, Mac Selverian, highlighted that Clear Rock embodies the key attributes True North seeks in partners: integrity, a client-centric approach, and a growth-oriented mindset.

“We are thrilled to expand True North’s footprint and focus on our mission of Fulfilling Lives,” Selverian added, underscoring the alignment of values between the two firms.

Details of the Acquisition

The acquisition officially closed recently, finalizing the integration of Clear Rock into True North's operational framework. While specific financial and legal terms of the deal remain undisclosed, the overall benefits are expected to be significant for clients of both advisory firms.

About True North Advisors

True North Advisors serves business owners, entrepreneurs, and families by delivering wealth planning, investment management, and business transaction planning solutions. This multi-family office continues to expand, providing exclusive access to institutional-quality private investments through its alternative investment platform. The firm reportedly has $3.9 billion in AUM.

Frequently Asked Questions

What prompted True North Advisors to acquire Clear Rock Advisors?

The acquisition is part of True North's strategy to enhance its market presence and expand service offerings in the wealth management sector.

What are the core values of Clear Rock Advisors?

Clear Rock emphasizes authentic client relationships, family legacies, and comprehensive wealth planning tailored to client needs.

How will this acquisition benefit clients?

The combination of resources and expertise from both firms is expected to enhance service quality and provide new investment opportunities.

Who are the leaders at True North Advisors?

The firm is led by Mark Gehlbach as President and Scott Wood as CEO, both of whom are also Co-founders.

What is the strategic direction of True North Advisors post-acquisition?

True North aims to continue its growth trajectory in the Texas market by leveraging Clear Rock's expertise and existing client relationships.

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