True North Advisors, Inc.

EST. AUM
$5,422,653,468

CONTACTS
16

CLIENT ACCOUNTS
5,298

Firm Details

Metro area Dallas
CRD Number 116048
Website truenorthadvisors.com
Client types

Overview

True North Advisors, LLC, a registered investment adviser based in Texas, has announced a strategic partnership with Wealth Partners Capital Group (WPCG), a financial services holding company, and HGGC, a firm focused on partnership investing. WPCG and HGGC have made a minority equity investment in True North to support its growth through targeted acquisitions. Despite this investment, True North's management team remains majority shareholders and retains control over the firm's decision-making and operations. Founded in 2000 by Scott Wood and Mark Gehlbach, True North is one of the fastest-growing RIAs in Texas and ranks among the top 150 RIAs in the United States. Headquartered in Dallas with an additional office in Fort Worth, the firm provides wealth planning, investment management, and business transaction planning solutions to significant business owners, entrepreneurs, and families. True North also oversees a growing alternative investment platform called Western Alternative Strategies, offering exclusive access to institutional-quality private investments. With over $3.3 billion in assets under management, True North's partnership with WPCG and HGGC aims to support its continued focus on client service while expanding its presence in Texas and the Southwest. Mark Gehlbach and Scott Wood, Co-founders of True North, express confidence in the partnership's potential to enhance their core offerings and provide more comprehensive solutions to clients. John Copeland, Managing Partner of WPCG, emphasizes True North's potential to become a leading wealth management firm in the Southwest, while Neil White, President of HGGC, expresses enthusiasm for supporting True North's growth through both organic means and strategic mergers and acquisitions. The partnership officially closed on January 22, 2024, with the financial and legal terms of the transaction remaining undisclosed. Colchester Partners LLC served as True North's financial advisor, while Alston & Bird and Kirkland & Ellis LLP provided legal counsel to True North and the new investor group, respectively. They recently have merged with Western Resources which is a family office, also based down in Texas. They remain independent. Western Resources provides private investment ideas to the folks at True North. True North has acquired Clear Rock Advisors effective September 2024

Platform Details

See in Dakota

Investment Preferences

See in Dakota

Alternative Activity

See in Dakota

True North Advisors, Inc.

Platform Details

Investment Preferences

Alternative Activity

Address

Products & Services

Resources

Podcasts

Events

Company