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About SRG

Succession Resource Group is a boutique succession consulting firm based in the Pacific Northwest, serving clients across the country. SRG was founded by David Grau Jr., MBA in 2012 after nearly a decade of helping advisors with valuation and succession planning. SRG's team of experts leverage their industry expertise, combined with best-in-class resources, to help advisors, agents, and accountants manage the equity in their businesses...

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2 min read

SRG Closes Fieldstone Financial Management Deal with FourStar Wealth

Feb 14, 2019 2:09:01 PM

Portland, Ore. (February 11, 2019) - Succession Resource Group (SRG) is excited to announce the 4th transaction of the 2019 calendar year, with the sale of Boston based RIA – Fieldstone Financial Management to FourStar Wealth Advisors. FourStar is led by CEO Brian Kasal, who has taken his already successful Chicago based RIA with approximately $117 million in assets under management in its first five years in business to $350 million with this acquisition.

SRG began working on behalf of Fieldstone in September of 2018 to find qualified buyers capable of acquiring a firm of their size, which had grown through numerous acquisitions across the country over the last decade. The size of the RIA and remote location of most of the staff and clients created a unique opportunity for a buyer who could operate the business from anywhere in the country, but also narrowed the potential pool candidates to buyers with the experience and technology to be successful.

Succession Resource Group was able to generate tremendous interest in Fieldstone through a combination of its existing buyer relationships, as well as relationships with other channel partners and custodians. Based on the marketing efforts of Succession Resource Group, Fieldstone had interest from 37 buyers, narrowed the candidate pool to three qualified buyers, and received offers from the top two buyers. Fieldstone selected FourStar based on a combination of alignment and presenting a competitive offer.

“There has never been a better time to sell your business. Values are at an all-time high, there are more capable buyers than ever before, external capital has never been more accessible, and the equity markets remain strong,” according to executive Erik Pahlow who handles Succession Resource Group’s listings. “These market conditions won’t last forever, but at present, it’s a great time to be exiting the business. The number of potential practice acquirers continue to increase and SRG has streamlined the advocacy process to ensure these deals create a win-win-win solution.”

There has been a consistent increase in deals year-over-year, and 2019 is poised to see more activity than ever before.  In third party transactions alone, SRG transacted $88.1 Million in advisor sales with $6.7 Billion in AUM transferring in 2018.

About Succession Resource Group

Succession Resource Group, Inc. is a succession consulting firm specialized in helping financial professionals value, protect, merge/acquire, and develop exit strategies for their business. With decades of combined industry experience, SRG possesses a unique combination of skills, resources and expertise to help advisors understand the value of their business, develop strategies to improve that value, protect it with comprehensive contingency and succession plans, and grow through acquisition.

For more information on Succession Resource Group, visit https://www.successionresource.com

Contact:
David Pan– PR & Marketing Coordinator
Phone: (503) 683-8959
Email: david.pan@successionresourcegroup.com

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David Pan

Written by David Pan

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