12/08/2020

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Vanderbilt Financial Group Acquires $200MM Long-Island RIA Firm

Push Release – up to date: Jul ten, 2020 sixteen:51 EDT WOODBURY, N.Y., July ten,...

Push Release



up to date: Jul ten, 2020 sixteen:51 EDT


Vanderbilt Financial Group is very pleased to announce that it has acquired a $two hundred million Prolonged Island-primarily based registered investment decision advisory (“RIA”) agency. This transaction is aspect of Vanderbilt’s explosive 2020 development system that contains recruiting person Financial Advisors as nicely as the acquisition and enlargement of RIA corporations, the fastest-expanding phase of the prosperity management sector in accordance to a modern joint research by the Financial investment Adviser Affiliation and Nationwide Regulatory Solutions.

“Vanderbilt has been developed to carry on scaling and expanding, as a result of technological innovation, recruitment, acquisitions, and our robust culture of being impactful in the world. This modern acquisition proceeds the amazing development we’ve noticed in the 1st 6 months of 2020, irrespective of the troubles our marketplace has experienced during the pandemic. It reaffirms that our determination to aligning our values with our enterprise procedures is not just the correct detail to do, it is competitive gain in the Financial Solutions marketplace,” claims Stephen Distante, Founder and Chairman of Vanderbilt Financial Group.

Joseph Trifiletti, President of Vanderbilt Financial Group, agrees that “2020 will be a banner calendar year for development for Vanderbilt. While other corporations have been paralyzed by the effects of the pandemic, we’ve continued to run, approach and broaden our enterprise across the U.S. without the need of a hiccup. Recruitment has been at a history superior with numerous Advisors lined up to sign up for the agency in the coming months.”

The acquisition was a cultural in good shape as the two corporations share the perception that values-aligned investments, or impression investing, will allow clients to explore how their investments can be applied to build personal prosperity whilst also positively impacting the world.

“In a world of elevated compliance and complexity, the size, capabilities and culture of a firm matters. Vanderbilt Financial Group provides our RIA with the essential mass to the two endure and prosper for a different generation. Vanderbilt’s culture as embodied by their GRITT acronym (gratitude, respect, innovation, teamwork, and trustworthiness) are critical ideas for enterprise that they live day-in and day-out. I am thrilled to have VFG come to be the support method for our seasoned Advisors, who characterize the fifth generation to company our clients given that 1875,” claims the earlier proprietor of the RIA, Monroe Diefendorf, Jr.

About Vanderbilt Financial Group:

Vanderbilt Financial Group is an investment decision agency disrupting conventional finance by concentrating on socially and environmentally dependable, moral, and impactful investments. Vanderbilt is regarded as “The Sustainable Prosperity Administration Firm” for their determination to supplying economical advisors and their clients with access to values-aligned investments. Headquartered in a LEED-certified Platinum setting up, Vanderbilt’s determination to shifting the world begins at residence in our workplace and in our culture. Under the management of the impactful spouse and wife workforce, Steve and Heidi Distante, Vanderbilt’s culture has garnered awards this sort of as being named just one of the Very best Locations to Get the job done on Prolonged Island for 2018 and 2019. For extra facts, be sure to visit www.joinvanderbilt.com.

Media Make contact with: Jeso O’Neill, Chief Promoting Officer, [email protected], 631-845-5100.

Vanderbilt Financial Group is the advertising identify for Vanderbilt Securities, LLC and its affiliate marketers. Securities offered as a result of Vanderbilt Securities, LLC • Member: FINRA, SIPC • Registered with MSRB. Advisory Solutions offered as a result of Vanderbilt Advisory Solutions. Clearing Agent: Fidelity Clearing & Custody Remedies.

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Resource: Vanderbilt Financial Group