December 7, 2017 (Indianapolis, Ind.) – Oak Street Funding® (visit www.oakstreetfunding.com), a First Financial Bank company, recently convened, in Scottsdale Arizona, its newly created Advisory Board comprised of RIA industry leaders. The goal of the meeting was to achieve a better understanding of where the RIA industry is today and where it is going. Also addressed were the capital needs facing the Industry and the design of lending products that would best meet these needs today as well as in the future.
Like many in the financial services industry, RIA firms are in a period of unprecedented change from technology and regulations to an aging client population and a multi-generational workforce. Since part of Oak Street Funding’s value proposition is to become a knowledge leader as well as a capital financing partner to its clients, it is vital that the company stay abreast of trends in the Industry as well as the specific needs of RIA firms.
“Oak Street Funding goes beyond ‘just lending’ by providing RIA firms with an understanding of how they can use debt to support growth through acquisition and book of business transactions,” explained Kirsten Petras, Director of Strategic Markets. “An important outcome from this meeting was a true understanding of whether the solutions we offer are what the market needs.”
“The Advisory Board members were extremely open and insightful about industry trends and in the analysis of the types of products that would be most beneficial,” stated to Rick Dennen, President and CEO of Oak Street Funding. “This candid dialogue, spanning from the evolution of RIA needs to where the Industry is headed, will allow us to better meet the needs of both new and existing clients whether they are looking to acquire, sell or consolidate debt.”
Oak Street Funding has dominated lending in the insurance industry for years. Upon being acquired by First Financial Bank, Oak Street Funding expanded to provide capital for the RIA industry. As a non-SBA, portfolio lender, Oak Street Funding is able to provide lending solutions as high as $20MM without requiring personal assets for collateral. This, along with having industry experts on staff who understand the day-to-day operations of an RIA firm, allows deal makers to have a competitive advantage and gain significant market share.
About Oak Street Funding
Indianapolis-based Oak Street Funding (visit www.oakstreetfunding.com), a First Financial Bank company, provides commercial financing for financial service businesses, restaurant franchises through the First Franchise Capital (visit firstfranchisecapital.com) brand and third-party loan servicing for financial institutions. Oak Street Funding and First Franchise Capital utilize industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to finance services professionals and franchise owners nationwide.