Cambridge Investment Research has acquired Dempsey Lord Smith, bringing the Georgia-based firm and approximately 75 of its financial professionals onto the Cambridge platform.
Founder and CEO Jerry Dempsey explained that the firm intends to stay focused on advisor development without the administrative burden of maintaining broker-dealer operations. He noted that the partnership strengthens the firm's community while giving its advisors access to deeper tools, technology, and services through Cambridge.
According to InvestmentNews, Cambridge executives emphasized that the acquisition aligns with their broader strategy to scale the firm's advisor presence by partnering with organizations that value independence and culture.
Although the terms of the acquisition were not disclosed, Dempsey Lord Smith's leadership team will continue to guide advisor development within Cambridge's larger ecosystem. According to InvestmentNews, the transaction also underscores the ongoing consolidation across the independent broker-dealer and RIA landscape, as more firms choose to outsource or exit broker-dealer operations due to regulatory demands and expanding technology needs.
Advisors transitioning from Dempsey Lord Smith are expected to gain access to Cambridge's broader technology suite, operational support, and investment solutions. InvestmentNews reports that both organizations believe these resources will enhance practice management and strengthen long-term advisor growth.
Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.
