Arkadios Capital Founder Discusses Large Hybrid RIA’s Departure from LPL

David knows the move well, as he was one of the first advisors to launch an independent broker-dealer tailored specifically to Registered Investment Advisor firms (RIA). He and his partners founded ACG Wealth, an RIA which grew to more than $2 billion in Assets Under Management. 

From reporter Tobias Salinger’s story on Independent Financial Partners:

“Ensuring compliance and building out infrastructure make starting your own BD a costly undertaking, notes David Millican, co-founder of ACG Wealth, an RIA, and the CEO of Arkadios Capital, an Atlanta-based IBD.

Millican knows the challenges well, having successfully blazed the trail now chosen by [Bill] Hamm, although he notes the RIA was smaller than IFP and more niche-oriented toward high-net-worth clients. Including ACG, Arkadios now has 55 advisors on pace to generate more than $13 million in revenue in 2018.”

Read the complete story by clicking here.