Michigan-Based Rock Harbor Raises $1B AUM On Know-How, Quality Partnerships
Michigan-based Rock Harbor, a provider of wholesale distribution, consulting and national accounts services, formally announced this week it has successfully raised over $1 billion in assets under management.
What Happened: As part of a vision to align wealth advisors with boutique asset management firms, Rock Harbor raised $1 billion in under three years of establishing its marketplace strategy and brand.
In a discussion surrounding the firm’s work pairing asset managers, mutual funds, and ETF providers with financial advisors, Rock Harbor founder and CEO Sean Ritchlin said the milestone didn’t come without challenges.
“The early struggles were tough, but I think we really nailed it down in 2018,” Ritchlin told Benzinga.