$5.3B Chicago-based RIA VestGen Wealth Partners Launches

Former Impetus Wealth CEO Josh Gerry has launched VestGen Wealth Partners, a firm dedicated to addressing the succession issues of financial advisors, with $5.3B in client assets and 10 financial advisory practices.

Gerry said that the primary goal of the firm is to tackle succession issues in wealth management, particularly when an advisor nears their retirement. For VestGen, Gerry envisions a succession-minded firm where retiring advisors are offered smooth transitions while providing new advisors the needed resources and mentorship to grow.

According to the firm’s web site, the 10 founding advisory practices operate out of Chicago and six other locations in Illinois: Glen Ellyn, Naperville, South Barrington, Inverness, Downers Grove, and Oak Brook. The firm will also operate an office out of Egg Harbor Township, NJ. Looking ahead, VestGen said it aims to acquire financial advisory practices handling $100M to $500M in client assets.

Source: https://www.prnewswire.com/news-releases/vestgen-wealth-partners-launches-with-10-advisory-practices-and-5-3-billion-in-assets-under-management-302320590.html