Fairhope And Birmingham Groups Merge For RIA Program

Birmingham’s LibertyFi, a technology and operations consultancy focused on driving revenue and growth for registered investment advisors (RIAs), and Fairhope’s Aptus Capital Advisors, a chief investment officer (CIO) support and outsourced CIO practice, have announced a merger to create a firm designed to build custom solutions for RIAs. The combined firm services more than $20 billion in client assets and will provide a turnkey solution allowing advisors to fully outsource tech, investment management and operations, while delivering à la carte services that can be incorporated with an advisor’s existing technology. As technology options and regulatory requirements continue to increase, LibertyFi says its team of hands-on consultants allows advisors to outsource their middle office and leverage technology, enabling RIAs to focus on expanding their services, increasing their enterprise value and scaling their businesses. According to DeVoe & Co., while RIAs averaged a 4% organic growth rate in 2022, LibertyFi clients saw an average 18% organic growth rate.