H.D. Vest Financial Services, Inc.

fund iii

Headquarters
Irving, Texas

Sector
Independent Broker / Dealer

Date of Investment
October 2011

Company Description
Founded in 1983, H.D. Vest is an independent broker / dealer providing tax professionals with the products, training, and support to deliver independent financial solutions to retail investors.  With over 4,500 advisors, the Company is one of the largest independent broker / dealers in the United States.  The Company’s advisors manage $30 billion in assets as of December 31, 2012 for some 1.8 million individuals, families and small businesses throughout the United States.

H.D. Vest’s platform allows advisors the flexibility to provide clients with a wide range of investment offerings customized for client needs. H.D. Vest’s differentiated approach, in additional to the Company’s leading educational offerings, has attracted Certified Public Accountants, enrolled agent professionals, Certified Financial Planners, attorneys and other independent advisors to the platform. Headquartered in Irving, TX, H.D. Vest has approximately 300 full time employees and advisors spread across all 50 states. 

Lovell Minnick Partners and Parthenon Capital Partners led the buyout of H.D. Vest from Wells Fargo & Company in 2011.