Sheridan Road Financial co-founder Daniel Bryant has joined a $6.5 billion Chicago-based private equity firm.
As an Operating Partner of Vistria Group, Bryant will help navigate the private equity firm’s efforts in the financial services area.
“I couldn’t be happier to embark on the next chapter of my career with an investment firm that so closely aligns with my core values and is interested in building the next generation of socially and economically impactful businesses,” Bryant said in a statement.
Insurance brokerage giant Hub International bought Sheridan Road Financial in 2018 as part of ongoing consolidation in the retirement plan advisory space, with M&A consultant Dick Darian, CEO of The Wise Rhino Group, predicting 70 retirement plan advisory firm acquisitions in 2021 alone.
After a successful technology investment banking career where Bryant focused on Web 1.0 companies, such as CMGI, E-Trade, Geocities, and PayPal, Bryant co-founded Sheridan Road Financial in 2005.
As CEO, he built the firm into one of the top three institutional investment consulting firms in the country, according to Barron’s and the Wall Street Journal, with more than $15 billion in assets before its sale.
Since then, Bryant has been President of National Sales at Hub. Bryant is also the author of The Financial Wellness Mandate, which details the rapidly consolidating worlds of investments, employee benefits, and technology.
Bryant is also the founder of the Sheridan Road Charitable Foundation. He received his BA in Government and Spanish from Dartmouth College and his MBA from Northwestern University’s Kellogg Graduate School of Management in Accounting and Finance.
The Vistria Group is a Chicago-based next-generation private investment firm. Vistria partners with middle-market businesses in Healthcare, Education, and Financial Services. The firm’s decision to invest in these areas is driven by its belief in companies producing scalable social value.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
