ATLANTA, June 24,
2024 /PRNewswire/ -- Gulf Coast Wealth Management has
moved its $850 million in assets
under advisement to Arkadios Capital, the fast-growing hybrid
broker-dealer disrupting the financial services industry.
New Orleans-based Gulf Coast
Wealth Management, a division of Gulf Coast Bank, was previously
affiliated with LPL Financial for over two decades. Renowned for
its client-centric approach and comprehensive financial services,
Gulf Coast is dedicated to providing exceptional investment
management, wealth planning and risk management solutions.
"Joining Arkadios Capital is a strategic move for Gulf Coast
Wealth Management, marking the culmination of a two-year process to
select the best broker-dealer for our advisors and clients," said
Jason King, Wealth Management
Director of Gulf Coast. "Arkadios' commitment to advisor
independence, industry-leading technology and high-performance
culture aligns with our mission to be the premier wealth management
firm on the Gulf Coast. Throughout this transition, we've witnessed
their dedication to supporting advisors firsthand. We are excited
about the future and the opportunities this partnership will
bring."
"Gulf Coast Wealth is a prime example of the challenges facing
the financial industry. It is a growing independent,
entrepreneurial firm hindered by large, one-size-fits-all
broker/dealers," said David
Millican, Founder and CEO of Arkadios Capital. "Arkadios
Capital continues to attract successful firms with our flexible
framework, tailored solutions and personalized service."
This announcement follows a record-breaking 2023 for Arkadios
Capital, during which the firm was recognized as one of the
fastest-growing financial companies in the state and earned
accolades from several investment publications. Arkadios Capital's
innovative approach and dual registration as an RIA and
broker-dealer allow advisors to operate fee- and commission-based
practices.
Gulf Coast Wealth Management's integration into Arkadios Capital
will enhance the firm's capabilities by offering access to a broad
spectrum of investment solutions, including direct access to
leading global alternative investment firms.
About Arkadios Capital
Arkadios Capital is a hybrid independent broker/dealer founded by a
successful registered independent advisor for successful registered
independent advisors. Specializing in supporting larger and
growth-oriented wealth management firms, Arkadios has grown to more
than $11B in affiliated assets and
over 220 advisors with 50 offices across the United States and Puerto Rico. For more information visit
arkadios.com.
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SOURCE Arkadios Capital