Redhawk Wealth Advisors, a Minneapolis-based platform for independent registered investment advisors with more than $2 billion in cumulative assets, has added Retirement Visions in West Hartford, Conn.
Founded by President Jay Gershman in 2007, Retirement Visions is a retirement planning and wealth advisory practice with approximately 600 accounts and $245 million in managed assets. The team of 10—including three advisors—offers three tiers of financial planning services and investment management for individuals and families, as well as corporate 401(k) planning for small business owners.
According to an announcement, Retirement Visions made the move from Securities America to leverage Redhawk’s “comprehensive technology stack, back-office services and compliance,” which allowed the firm to transition accounts in a matter of months. It joined Securities America two years ago after being affiliated with SSN Advisory, which was de-registered in 2020 after running afoul of the U.S. Securities and Exchange Commission for breach of fiduciary duties and failing to meet disclosure requirements.
“I wanted to partner with a firm that could help me grow my business my way,” Gershman said in a statement, calling Redhawk “a true fiduciary partner that has my best interest in mind."
“The primary reason I joined Redhawk was for the ability and the freedom to give my clients the best options with respect to investment solutions, technology and customer service,” he said.
As part of the partnership. Gershman is joining the platform’s advisory council to help build out advisor training and growth resources available to partner firms though its Redhawk University portal.
"Anyone who knows Jay knows of his passionate and creative approach to helping clients,” said Redhawk CEO Dan Hunt. “Jay has a unique approach to helping clients, families and businesses, so we asked him to help us assist other advisors to grow their business the same way."
Launched in 2008 and principally owned by Hunt, Redhawk is registered in 39 states and claims around $2 billion in assets across more than 30 partner firms offering financial, retirement, legacy, insurance and tax planning services alongside investment management that may be augmented by a proprietary Redhawk asset allocation process dubbed Risk-Guard.
Other firms that have joined the platform’s ADV since early 2022 include Patton Financial Group, Criterium Financial Advisors and Top Rank Advisors.
Redhawk advisors serve around than 2,168 clients, according to a recent Form ADV filing, including individual households; trusts and estates; charities, foundations and endowments; non-profits; retirement plans; captive insurance companies; and other businesses.