On August 1, 2023, Long Ridge Equity Partners announced a majority investment in RFG Advisory.
Under the terms of the agreement, Long Ridge Equity Partners LLC (“Long Ridge”) has acquired a majority stake in RFG Advisory (“RFG”). RFG advisors will also have the option of acquiring RFG shares in exchange for a stake in their business. Financial terms were not disclosed.
Long Ridge, based in New York, is an investment advisory firm focusing on investments in business and financial technology. Long Ridge manages approximately $1.75 billion in client assets.
RFG, based in Birmingham, Alabama, is a registered investment adviser offering operations, compliance, marketing, and back-office support to independent advisors. RFG has approximately $4 billion in assets under management.
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