The $825M Florida RIA joins GVA to leverage its advisor network and robust technology offerings
Berwyn, Pa. — Feb. 3, 2022 — Great Valley Advisor Group (“GVA”), a technology-driven, full-service registered investment adviser (“RIA”), is thrilled to announce that Gaines Financial Group (“GFG”) has joined its growing pool of advisors. GVA partners with select independent financial advisors to support their growth and provide access to superior practice management and business strategy resources. The Boca Raton, Florida-based RIA will take full advantage of GVA’s vast array of offerings and will continue to service clients under the name Gaines Financial Group.
GFG is an independent wealth management firm that provides comprehensive asset management services and offers personalized estate planning, retirement planning, risk management and more. Founded in 1996 by Patrick “Rick” Gaines, GFG has grown to $825 million in assets under management. GFG aligned with GVA because of its broad spectrum of back-end offerings, thus allowing their advisors more time to address client needs.
“We are excited about the partnership with Gaines Financial Group and look forward to welcoming their advisors into our existing network,” said GVA Chief Operating Officer James J. Spinelli. “GVA has been proactive and thoughtful in our growth, and goal of expanding nationally, with a specific focus on Florida. Rick and his team are the perfect fit to build on this objective, and they have done a fantastic job of building a presence in the local community. We want to boost their successes while providing additional opportunities for those advisors and their clients.”
“Our team conducted a thorough search for the right platform and partner that would most benefit our clients and firm,” added Gaines. “GVA emerged as the clear leader and best positioned us to grow. We are eager to leverage GVA’s additional technology offerings and support, and we feel our advisors will truly benefit from this partnership. We look forward to tapping into all of GVA’s offerings and networking opportunities and expect to see further growth and success in the coming year.”
Partnering with GVA offers advisors the unique opportunity to maintain their independence and name, while providing access to GVA services and expansive advisor network. With a centralized focus on helping financial advisors grow and achieve long-term independence in their businesses, GVA provides customized and integrated technology tools, comprehensive compliance oversight, back-office services, asset management, succession solutions, and proprietary advisor billing and compensation software. Advisors can affiliate with GVA by joining the RIA, utilizing its Office of Supervisory Jurisdiction (OSJ), or via a hybrid model. The GVA advisor network includes 40 offices across the country, which collectively manage over $5 billion across its advisory and brokerage businesses.
“We strive to make the lives of advisors easier by providing comprehensive support and resources, giving them back a significant amount of their time to foster current client relationships and form new ones,” Spinelli explained. “Our offerings take the burden of behind-the-scenes operations off the advisors’ plate and ensure that everything is running smoothly without them having to worry. We look forward to seeing the heights that the GFG advisor team can reach with our firm’s support.”
The acquisition closed on Dec. 31, 2021. The firm will maintain its GFG branding and Boca Raton headquarters.
About Great Valley Advisor Group
Great Valley Advisor Group (“GVA”) is a technology-driven full-service registered investment adviser. GVA partners with select independent financial advisors by providing customized technology, investment strategies, compliance, and proprietary compensation tools to help them grow their businesses. Our advisors have the choice and flexibility to run their businesses the way they want. GVA provides advisors with support to get started and technology to help the firm thrive.
For more information, visit greatvalleyadvisors.com.
Marissa Foy Comerford
Gregory FCA for Great Valley Advisor Group