Strive Enterprises, Inc. has launched its new wealth management business in Dallas, Texas. The company recently closed a $30 million Series B financing round led by Cantor Fitzgerald.
The new wealth management business will focus on integrating client portfolios to hedge against risks such as unsustainable global debt levels, rising fixed-income yields, long-run inflation, persistent geopolitical tensions, and potential restrictive monetary policies. Industry veterans Gary Dorfman and Randol Curtis will lead the initiative as President and Chief Investment Officer, respectively. Strive will also relocate its corporate headquarters from Columbus, Ohio, to Dallas, Texas.
Strive launches new initiative in Dallas
The company plans to move most of its staff to the new location by the end of Q1 2025 while continuing to operate its growing asset management business, which recently surpassed $1.7 billion in assets under management. Strive’s CEO stated, “Our focus on offering clients true financial freedom through thoughtful integration sets our Wealth Management business apart from nearly all major competitors today.”
Texas Governor Greg Abbott welcomed Strive to the state, saying, “Y’all Street is growing rapidly in Texas, and Strive’s decision to relocate underscores our economic strengths.
With the Best Business Climate in the nation and as the leading state for corporate relocations and expansions, Texas is cementing its role as a future hub of capital markets.
Vivek Ramaswamy, co-founder of Strive, reflected on the company’s growth since its 2022 launch: “When Strive launched, nearly every major corporation was aligned with ESG principles. Two years later, the national environment changed significantly, partly due to Strive’s efforts.
Now is the opportune moment to launch a pro-capitalism Wealth Management business focused on true financial freedom.”
Strive is a financial services firm with a mission to maximize client value through unapologetic capitalism. Since launching its first fund in August 2022, the firm has quickly grown to manage $1.7 billion in assets, competing directly with the world’s largest financial institutions by empowering Americans to invest with a focus on shareholder value maximization.
