Soltis Funding Advisors, a St. George, Utah-based registered funding advisor with over $10 billion in shopper property, is trying to ramp up its acquisition efforts by hiring Jeffrey Harris away from acquisitive RIA Carson Group.
Harris, who has performed M&A piece with Carson for about eight years, will take a brand new place as Soltis’ head of M&A and partnerships, main efforts to search out, consider and combine RIAs and advisory adjoining companies.
CEO Kim Anderson stated through e-mail that the concept for the place happened after Soltis agreed in June 2024 to a capital infusion from Estancia Capital Companions and LLR Companions.
“The need to thoughtfully construct an inorganic progress plan included hiring a Head of M&A and Partnerships,” Anderson stated.
Harris left a task as affiliate vp of M&A for Carson Group, an energetic acquirer with greater than $41 billion in AUM and a big accomplice RIA community.
Anderson stated Soltis was impressed with Harris’ work at Carson and that his “skillset of constructing belief and creating alignment with RIA companies made him a pure match to steer our partnership-first M&A initiative.”
The CEO stated Soltis is concentrated on “considerate, suitable” inorganic progress, including that “Jeff understands the distinction and maintains a high-quality, strong-fit perspective.”
Soltis is a wealth supervisor for people and households and a retirement plan advisor for employers and establishments. It was based in 1993 by Lon Henderson and Hyrum Smith as Smith Henderson and Associates.
Anderson stated the agency’s M&A method will probably be primarily based on 5 years of robust natural progress.
“We acknowledge that for inorganic progress to be efficient, a agency should first reveal robust natural progress,” he stated. “With this momentum, we’re pursuing strategic acquisitions to develop our providers, diversify our choices, and strategically develop our geographic presence, all whereas sustaining our independence and with out compromising ongoing enterprise efforts.”
The CEO stated Soltis will hunt down RIAs with complementary shopper bases, robust shopper retention and progress potential.
The agency has shoppers in each state, with excessive concentrations within the Midwest, Mid-Atlantic and Southwest areas.
