Atria Wealth Solutions has announced the acquisition of NEXT Financial Group, enhancing its service capabilities to nearly 2,000 advisors with a combined $65 billion in assets under administration.

Information on the Target

Atria Wealth Solutions, Inc. has entered into an agreement to acquire NEXT Financial Group, Inc., an acclaimed independent wealth management firm based in Houston, Texas. NEXT Financial Group serves over 500 independent advisors and manages approximately $13 billion in assets under administration (AUA). As part of the acquisition, Atria will also take over NEXT's affiliated entities: Next Financial Insurance Services Company and Visionary Asset Management, Inc.

Upon the completion of this transaction, Atria will significantly expand its reach, serving nearly 2,000 advisors with a combined AUA exceeding $65 billion. This acquisition represents a strategic effort by Atria to enhance its offerings in the independent wealth management space and streamline its services for financial advisors.

Industry Overview

The independent wealth management industry in the United States has been experiencing significant growth, with increasing demand for personalized financial advice and services. Independent financial advisors are increasingly sought after as clients are lo