Emigrant Partners announced they had made a strategic minority investment in Mutual Group, the largest national platform supporting independent financial advisors and RIAs. The investment is a move towards helping accelerate the mutual fund company’s next phase of growth. The partnership will not only give Mutual the necessary capital but also would equip them with the strategic expertise required to expand their national presence, upgrade the platform capabilities, and foster stronger communications with advisors. Mutual was established in 1982 and currently caters to over 270 advisor teams that manage assets exceeding $15 billion. The firm provides a unique combination of broker-dealer and advisory services.
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One of their signature offerings is their Evolve solution, which facilitates the transition from commission-based to fee-only models for advisors.. “Mutual Group has a unique position in the independent community, drawing on its 44-year legacy as a broker-dealer and its success over the past decade diversifying to meet the evolving needs of its independent advisor and RIA client base,” said Jenny Souza, President and CEO of Emigrant Partners. Mutual’s leadership will retain majority ownership and continue guiding strategy and operations. “This partnership represents a meaningful step forward in Mutual’s evolution,” said Aaron Jasper, CEO of Mutual, emphasizing the alignment in long-term vision and commitment to independence while scaling services for the advisor community.
