Boasting decades of combined leadership experience in the financial services sector, two hybrid wealth management groups in Texas and Oklahoma have merged to create Gaddis Premier Wealth Advisors, a newly registered independent advisory firm with about $350 million in assets under management serving the North Texas and Oklahoma markets.
Gaddis & Gaddis Wealth Management was co-founded in 1995 by Roger and Leigh Gaddis in Ada, Okla. In addition to its Ada headquarters, GGWM has an office in Durant and satellite offices in Ardmore and McAlester, Okla.
In Denison, Texas, Premier Investment Advisors was the individual practice of Premier Investment Advisory Services, founded by Patty Laramore in 1988.
Each was acquired—in 2017 and 2018, respectively—by Dave Reed and Teresa Adams. Reed and Adams have maintained additional offices in Ada and Oklahoma City, Okla.
Gaddis Premier Wealth Advisors will now conduct corporate operations from three primary locations: Denison, Texas, where Reed and Adams are located; Durant, Okla., where Derek Hines, partner and newly minted COO, is located; and Ada, Okla., where partners Roger & Leigh Gaddis are located.
Gaddis Premier principals chose to establish the firm as an RIA—a fundamental component of the merger—to provide more services and investment options while also formalizing the firm’s fiduciary relationship with clients.
“From the beginning, the merger of our two firms offered some obvious and compelling advantages,” said Dave Reed, who will serve as the new firm’s CEO. “We recognized commonalities in our client service orientation, corporate philosophy, professional experience and goals for the future. In merging the two firms, we are building on a common purpose and direction for today and tomorrow.”
“Foremost in establishing this merger is our intention to maintain and enhance long-standing traditions for quality, professional service to a multi-generational base of clients,” said Roger Gaddis.
The firm expects to leverage its multiple offices in Oklahoma and Texas for “operational efficiency and enhanced client service.”
The firm will custody client assets with Charles Schwab and offer securities through the unaffiliated Private Client Services.