Georgia-Based, $1B-Asset Dempsey Lord Smith Joins Cambridge Broker-Dealer

Registered investment adviser Dempsey Lord Smith LLC, an independent wealth management and retirement planning firm based in Rome, Ga., and overseeing nearly $1 billion in client assets, announced it is joining independent broker-dealer Cambridge Investment Research Inc.

Founded in 2007, Dempsey Lord Smith focuses on helping financial professionals grow their businesses with independence, integrity, and personalized support. As it was looking ahead, the firm concluded that running its own broker-dealer is no longer required to deliver on and sustain adviser growth.

“Our mission has always been centered on helping advisers grow, and we realized we didn’t need to be a broker-dealer to keep doing that at a high level,” said Jerry Dempsey, founder and chief executive officer of Dempsey Lord Smith. “This partnership allows us to build on the strong community we’ve created while giving our advisers access to a deeper set of tools, technology, and services. Together with Cambridge, we can accelerate their growth far faster than if we continued building it alone.”

Approximately 75 financial professionals from Dempsey Lord Smith will join Cambridge through this partnership. It said that its leadership team will remain fully engaged and focused on advisor development.

“We’re honored to welcome Dempsey Lord Smith to Cambridge nation,” said Jeff Vivacqua, president, growth and development at Cambridge. “They have built an exceptional adviser community and a legacy of growth that aligns perfectly with our values. Their decision to shift away from operating a broker-dealer allows them to put 100% of their effort into what matters most: adviser success. With access to Cambridge’s scale, resources, and technology, they are positioned for their strongest growth curve yet.”

According to Cambridge, the partnership blends Dempsey Lord Smith’s relationship-driven culture with Cambridge’s operational, technology, and service infrastructure; the alliance is intended to provide financial advisers with a robust platform to support the next stage of their business evolution.

Over the summer, The AmeriFlex Group, an adviser-owned hybrid RIA and broker-dealer, announced a partnership with Cambridge, a move that brought approximately $11.87 billion in total client assets and approximately 125 financial advisers to the Cambridge platform from Osaic.

Cambridge’s national reach includes: Cambridge Investment Research Advisors Inc., a corporate RIA; and Cambridge Investment Research Inc., an independent broker-dealer, member FINRA/SIPC.

Click here to visit the AltsWire directory page.