Dallas-based Ashford Securities LLC announced that it has reach the $500 million milestone in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels, including $42.1 million from institutions.
“Our goal is to provide highly differentiated investment products to financial intermediaries. I would like to take this opportunity to thank all of our distribution partners for our tremendous success. Without their confidence, trust, and support this would not have been possible,” C. Jay Steigerwald III, president and head of distribution of Ashford Securities, said in a statement.
Ashford Securities previously was the managing broker-dealer for Braemar Hotels & Resorts Inc. and currently serves as the managing broker-dealer for Ashford Hospitality Trust Inc. and a growth-oriented private offering that is targeting investments in all types of commercial real estate in the state of Texas.
To date, more than 88 independent broker-dealers and RIAs have utilized the investment products distributed by Ashford Securities, the firm said. The firm has 28 investment professionals across its team.
Ashford Securities, member FINRA/SIPC, is an SEC-registered broker-dealer that is wholly-owned by Ashford and serves as the distributor for investment products within the Ashford group of companies.
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