Cabana Acquires Texas-Based Money Manager Fund Architects To Create $850 Million RIA
The acquisition is part of Cabana’s growth strategy to serve more advisors looking for core, risk-based solutions to help their clients. The agreement takes Cabana’s RIA, Cabana Asset Management, from roughly $730 million to $850 million in assets under management. “We’ve known the principals at Fund Architects for some time and are very impressed with their approach to distribution and serving the investment community,” says Chadd Mason, Cabana CEO and co-founder. “Like us, they appreciate the value of a process-driven money management approach, coupled with verified and transparent performance returns.”
From Legal Eagle To Financial Shepherd
In the past 15 years, Chadd Mason has run a fast-growing financial advisory firm, Cabana, whose assets under management have ballooned from $26.5 million in discretionary assets at the end of 2016 to $470 million in mid-2018, largely by advising to outside RIAs. The firm, located in Fayetteville and Plano, Texas, also has 341 retail client accounts. The firm’s recent huge growth has been built on an investment algorithm Mason and his team developed from scratch in the mid-2000s.
Cabana Ranked #1 Fastest-Growing Firm in the U.S.
Cabana Asset Management has been ranked #1 Fastest-Growing Firm in the U.S. in Financial Advisor magazine’s 2018 ranking and survey.
Cabana Ranked on Inc.’s 5000 fastest-growing private companies in America
Cabana is ranked #457 on Inc.’s 5000 fastest-growing private companies in America. Cabana ranked #23 in Inc’s Top Financial Services Companies.
More information and disclaimers regarding the above awards and rankings can be found here.