Strive Enterprises, Inc. has introduced its latest wealth management branch in Dallas, Texas. The organization recently completed a Series B financing round, raising $30 million, with Cantor Fitzgerald at the helm of the investment.
This new venture in wealth management aims to consolidate client portfolios to mitigate risks posed by factors such as soaring global debt, increasing fixed-income yields, enduring inflation, ongoing geopolitical strife, and the possibility of tightening monetary policies. Veteran industry professionals Gary Dorfman and Randol Curtis will head this initiative as President and Chief Investment Officer, respectively. Strive also intends to shift its corporate headquarters from Columbus, Ohio, to Dallas, Texas.
Strive initiates new venture in Dallas
The firm aims to transition most of its workforce to the new site by the conclusion of Q1 2025, while simultaneously managing its flourishing asset management division, which has recently surpassed $1.7 billion in assets under management. Strive’s CEO remarked, “Our commitment to providing clients with genuine financial independence through careful integration distinguishes our Wealth Management division from nearly all major competitors today.”
Texas Governor Greg Abbott expressed his enthusiasm for Strive’s arrival in the state, stating, “Y’all Street is expanding swiftly in Texas, and Strive’s choice to relocate highlights our economic advantages.”
With the country’s Best Business Climate and being the top state for corporate relocations and growth, Texas is solidifying its position as a future center for capital markets.
Vivek Ramaswamy, co-founder of Strive, reflected on the firm’s development since its establishment in 2022: “At the time of Strive’s inception, nearly every major corporation embraced ESG values. Fast forward two years, and the national landscape has shifted dramatically, partly due to the influence of Strive.”
Now is the perfect time to establish a pro-capitalism Wealth Management enterprise dedicated to genuine financial liberty.”
Strive operates as a financial services firm with the goal of maximizing value for its clients through unabashed capitalism. Since launching its inaugural fund in August 2022, the firm has swiftly expanded, managing $1.7 billion in assets, directly competing with the largest financial institutions worldwide by empowering Americans to focus on maximizing shareholder value.
