Bradley Wealth reaches $100M in AUM
Bradley Wealth, an independent boutique wealth management firm, announces two significant milestones – reaching $100 million in assets under management (AUM) and moving its operations from San Diego to its new office in North Scottsdale.
Bradley Wealth serves 300 clients across the country and has averaged more than 25 percent annualized growth for the past five years. The firm attributes reaching $100 million in total market value of all client investments to its commitment to protect and enhance its clients’ wealth over time, in a conservative and prudent manner, without taking excessive risk. It accomplishes this by pairing public equities, growth/defensive fixed income strategies and numerous alternative investment asset classes, including private equity, hedge funds and private debt, together.
“Bradley Wealth exists to help clients achieve their greatest return on life, true wealth. Our mission each day is to exceed expectations, and to surprise and delight our clients,” said Michael Bradley, CEO of Bradley Wealth. “Achieving $100 million AUM came about with a momentous velocity of growth, laser focus on our culture and a concerted effort from a team that is like family. We’ve only just scratched the surface and with the momentum we have in place, exceeding 100M is absolutely achievable.”
To accommodate its significant growth, Bradley Wealth recently relocated its operations from San Diego to its new, nearly 3,500 square foot space in North Scottsdale located at 16430 N. Scottsdale Rd. Ste. 230. The new office space was designed by SmithGroup to bring together “at-home” comfort with the sophistication of wealth management. The office design features an open concept with exposed brick, warm wood, a wall mural, a contemporary kitchen and living room space and includes a meditation room. It has the capacity to house 15 team members, including pre-existing Scottsdale employees, three employees who relocated from the Bradley Wealth office in San Diego and additional wealth advisors that the firm plans on hiring.
Vantage Mobility announces new fundraising round
Vantage Mobility International (“Vantage Mobility” or “VMI”), a market leader in the manufacturing of Wheelchair Accessible Vehicles (WAVs), and its affiliates announced today that it has reached an agreement in principle with its investors and financial lenders to accept a new round of funding designed to strengthen the company’s balance sheet and accelerate the growth of its business.
As a part of the transaction, VMI will receive a meaningful cash infusion, which will be used to invest in growth. The funding will enable VMI to invest in several longer-term strategic projects, including product development, supplier relationships, and customer partnerships. As part of the transaction, VMI will also retire certain debts incurred as a part of its acquisitions of AMS Vans (September 2017) and Revability (December 2018).
Mark Shaughnessy, Chief Executive Officer of Vantage Mobility, commented, “I am delighted to announce this news, which will help VMI realize its vision of improving the customer experience of renting, leasing, buying and owning a WAV. It demonstrates great confidence on the part of our investors in our business, management team, employees, marketplace, and future of the Company. I am very appreciative of the support from our lenders and sponsors; VMI’s current and future business model is much stronger as a result of this transaction.”
Solera Health raises $42 million
Following a year of explosive growth, Solera Health today announced a $42 million funding round led by HCSC Ventures, a wholly-owned subsidiary of Health Care Service Corporation that invests in innovative health care companies working to improve the quality of care, lower medical and administrative costs, reduce complexity and improve consumer experience. The Series C round, Solera’s largest to date, brings its total funding to $72 million.
This latest capital infusion will allow the Phoenix-based company to extend the impact of its novel marketplace and payment innovation model which allows health plans and employers to leverage a network of community and digital health solutions paid through medical claims for achieving clinical outcomes. The company currently has more than 60 million lives under contract.
Massage Envy and Jan Marini form partnership
Massage Envy, the leading provider of therapeutic massage and skin care services, collectively across its franchise network, is partnering with Jan Marini Skin Research, Inc. (JMSR) to offer a premier selection of advanced skin treatments and to sell professional Jan Marini at-home skin care solutions at its nearly 1,200 franchise locations nationwide.
The customizable Jan Marini facial treatments are results-driven and specially designed for customers who wish to successfully address many common skin concerns. Using a protocol known as “skin conditioning,” estheticians at franchised locations will gradually expose the skin over a series of visits to products with greater concentrations of dynamic ingredients to improve overall skin vitality while helping to reduce the appearance of discoloration, fine lines and wrinkles, acne and redness.
“As we strengthen Massage Envy’s position as the leading provider of skincare in the U.S., it’s important that we partner with superior leaders in the industry,” said Joe Magnacca, Massage Envy Franchising president and CEO. “Jan Marini has been a leader in the industry for the past 25 years and shares our commitment to improving skin care services for customers. We are delighted to be partnering with the brand to make corrective skincare even more accessible to consumers everywhere.”