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EdgeCo Holdings to Add RIA Supporting $8B

By Alex Padalka November 20, 2020

Goss Advisors, an RIA that serves more than 100 independent advisors around the country representing around $8 billion in brokerage and advisory assets, will join EdgeCo Holding’s wealth division, which also includes the wealth management business of Mid Atlantic Capital Group.

Goss Advisors, which was founded by Jerry Goss, Alex Goss and Neil Turner, marks EdgeCo’s sixth transaction and “greatly expands the firm’s footprint in the wealth management business,” the company says.

“We founded this organization to give successful advisors more time, margin, flexibility, and resources so they could grow their practices,” Alex Goss, Goss Advisors' CEO, says in a statement. “As part of EdgeCo, our access to its industry-leading technology and deep resources will allow us to ramp up our advisor recruiting efforts while enhancing our service levels and value proposition for our existing advisors.”

Goss Advisors executives will maintain a “significant” stake in the combined company and continue helming Goss Advisors, and all the firm’s employees and offices are being retained as well, EdgeCo says.

The companies didn’t disclose the financial terms of the deal, which is scheduled to close before the end of the year.

EdgeCo says it currently services around $130 billion in client assets under custody or administration, as well as more than 15,000 financial advisors and 500 financial institutions.

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Tags:  Finding and winning new clients , Client retention , Staffing and recruiting , Mid Atlantic Capital

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