Strive Enterprises—a financial services firm co-founded in 2022 by former GOP presidential candidate Vivek Ramaswamy—has announced its headquarters relocation from Columbus, Ohio, to Dallas. The move stands to add additional momentum to Dallas’ growing “Y’all Street” reputation driven by the planned launch of the Texas Stock Exchange. 

Strive said it expects most of its Columbus-based staff to relocate to Dallas by end of Q1 2025. The firm will continue to operate its growing asset management business—which recently crossed $1.7 billion in AUM—from its new North Texas headquarters. The company is currently listed as having offices in the Republic Center building at 325 North St. Paul Street in downtown Dallas.

Launches wealth management business

Paired with its relocation to Dallas, Strive announced Friday that it’s launching its wealth management business in the city, in the wake of its recent close of a $30 million Series B financing round led by New York-based Cantor Fitzgerald.

Strive said a key part of the new business will be “a focus on integrating Bitcoin into standard portfolios of everyday Americans as a hedge against risks Strive expects to persist over the next several decades, including unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls.”

Strive’s wealth management business will be led by Gary Dorfman as president and Randol Curtis as chief investment officer, CFA. Dorfman brings over 30 years of investment management experience to Strive, previously holding senior positions at Sanford C. Bernstein and Beacon Pointe Wealth Advisors, the company said. Most recently, he has served as managing director for One Capital Management.

Curtis also brings over 30 years of investment experience to Strive, including senior positions at Morgan Stanley and his own firm, which was the predecessor to C-Quadrat Asset Management. Most recently, he served as deputy chief investment officer at One Capital Management, where he helped guide investment strategy on over $5 billion in assets.

Bitcoin focus cited as a differentiator

“Strive is building a new-age financial institution founded on the time-tested fiduciary principle of maximizing value over all other considerations,” CEO Matt Cole said in a statement. “Our focus on offering clients true financial freedom—through the thoughtful integration of Bitcoin—differentiates our wealth management business from nearly all major competitors today. Our growth to date in asset management has been driven almost entirely by retail customers, and our expansion into wealth management will allow us to serve these customers more completely.”

Governor Greg Abbott welcomed the news of Strive’s move to Dallas.

“Texas has become the home of capital in the United States,” Abbott said in a statement. “Y’all Street is growing rapidly in Dallas, and Strive’s decision to relocate to Texas underscores our economic advantages that attract top businesses. With the best business climate in the nation and as the top state for corporate relocation and expansion projects, Texas is the future hub of capital markets that will help cement our economic power on the global stage. I welcome Strive to our great state and look forward to working with them to create more jobs, spur innovation, and bring new investments to Dallas and the entire state of Texas.”

In his own statement, Vivek Ramaswamy said that when Strive launched in 2022, “nearly every major corporation bent the knee to ESG.”

“Just two short years later, the national environment has changed dramatically, in no small part due to Strive’s efforts,” Ramaswamy added. “The moment is now ripe to launch a pro-capitalism wealth management business focused on true financial freedom, with a focus on integrating Bitcoin into standard portfolios. I wish the team great success in the next stage of Strive’s incredible journey.”

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