Triad Adds Gallagher’s $6.3B Retirement Plan Consulting Business


Advisor Group announced Monday that Gallagher’s retirement plan consulting practice, which encompasses 90 advisors, 50 support staff and nearly $6.3 billion in discretionary assets under management, has moved its business to Triad Advisors, an Advisor Group broker/dealer. Gallagher, a hybrid registered investment advisor, joins from Kestra Financial.

It specializes in providing retirement plan consulting to defined benefit and defined contribution clients. The firm has full portfolio discretion across 55 clients and 56 pools of assets. It also acts as investment advisor and consultant for 156 clients across 195 pools of assets totaling $76 billion.

"Autonomy was a key factor in our decision to consolidate most of our major business lines, including the more than 2,000 retirement plans we oversee,” said John Jurik, Gallagher's national practice leader for retirement plan consulting, in a statement. “A hybrid model—with Gallagher Fiduciary Advisors LLC as the RIA and Triad Advisors as the broker/dealer—provides flexibility to grow our financial planning practice.”