Duran's Rise Growth Makes First RIA Investment

Rise Growth Partners, the new firm led by United Capital founder and Goldman Sachs veteran Joe Duran, has made its first strategic minority investment in Bleakley Financial Group.

Bleakley’s advisors service nearly $10 billion in advisory assets as of the end of June, according to the announcement. The partnership aims to provide the Fairfield, New Jersey-based firm with resources and capital for geographic expansion and enhanced growth via organic and inorganic pathways.

“Our team is committed to serving our partner firms, which we are meticulous in selecting,” Duran said in a statement. “Bleakley exemplifies all the essential pillars we seek in firms that we will partner with to build a lighthouse brand in the industry.”

Duran cited Bleakley’s “experienced and aligned management team” as key factors in the deal, alongside the firm’s “client-centric culture.” In addition, he said, Bleakley has developed a platform that empowers advisors to “practice at the top of their license and focus on delighting clients.”

“Last but by no means least, Bleakley’s consistent growth, achieved through organic and inorganic strategies, is a testament to the team’s capabilities,” Duran explained. “Rise looks forward to accelerating and supporting that growth.”