Park Sutton advises Omega Wealth Partners in 8th Texas-based Transaction
New York, NY, June 1, 2023 – Park Sutton Advisors, a Waller Helms Company (“Park Sutton Advisors”) is pleased to have represented Omega Wealth Partners (“Omega”) on its sale to CAPTRUST Financial Advisors (“CAPTRUST”), a leading registered investment adviser (“RIA”) with over $714 billion in Assets Under Management and Advisement (“AUM/A”) and headquartered in Raleigh, NC. Founded in 1973 and headquartered in Fort Worth, TX, Omega is a wealth management firm specializing in multi-generational planning with $710 million in AUM. The Firm was established by Joe Hardgrove and today is co-led by Tom Hardgrove, John Dickens, and Tammy Bryant. Under their leadership, Omega has expanded to 9 team members and has become the third-largest independent RIA headquartered in Fort Worth.
Tom Hardgrove said, “The wide array of resources we gain by joining CAPTRUST will give us an edge as we continue to provide a top-notch client experience. We knew right away that becoming a part of CAPTRUST was a good decision—at our core, we both prioritize the relationship with each client.”
John Dickens added, “With a long history as a family-owned business in Fort Worth, CAPTRUST’s collaborative nature and colleagues’ genuine support for each other’s successes was one of the many reasons we knew they were the right fit. We look forward to enhancing the customized and unbiased service we currently deliver to our clients.”
Rush Benton, CAPTRUST’s senior director of strategic growth, said, “As former professional athletes, Tom and John understand the collaborative nature that is crucial to CAPTRUST’s success. We are looking forward to bringing Omega’s expertise to the firm.”
Park Sutton Advisors Managing Director, Dan Erichson, CFA, who led the transaction, said, “Tom, John, and Tammy have built a distinguished firm in Fort Worth and bring tremendous value to CAPTRUST with their growth-orientation, capabilities, and dedication to client service.” He added, “This marks Park Sutton’s 8th deal in Texas since early 2019, a top geography of interest. We have completed 20 total transactions in the last twelve months, including 9 year-to-date, as momentum in RIA M&A continues. We wish our friends at Omega all the best and look forward to seeing what they can accomplish in their new partnership.”