Advantage Capital Partners has provided USD7m in financing to Renaissance Financial, a financial advisory service firm headquartered in St.
Advantage Capital Partners has provided USD7m in financing to Renaissance Financial, a financial advisory service firm headquartered in St. Louis, to support Renaissance Financial’s expansion and move into a new facility in St. Louis city.
Advantage Capital provided funding in connection with the Missouri New Markets Development programme and the federal New Markets Tax Credit programme.
"This is a great use of the Missouri New Markets program," says Louis T. Dubuque, managing director at Advantage Capital. "The company expects to grow its St. Louis office to more than 200 employees by 2015, at a rate of approximately 20 new advisors and staff per year. This is great news at a time when employment in our region is down."
As part of the company’s plans for growth, Renaissance Financial recently moved to a newly constructed building located near Highway 40 and Hampton Avenue, in the Highlands Plaza Development. The building is owned by a group led by Renaissance Financial and Balke Brown Associates.
"We are committed to serving the St. Louis community and the funding from Advantage Capital and the Missouri New Markets program positions our company to continue its growth trajectory," says Greg Keller, chief executive of Renaissance Financial. "Our recent move to a new facility in St. Louis city allows us to expand our resources and double our office capacity."
Renaissance Financial offers estate planning, individual financial services, investments, protection planning and retirement services for businesses and high net worth individuals. Renaissance Financial is based in St. Louis, with additional offices in Omaha, Nebraska, and Kansas City, Kansas. Founded in 1994, the firm has grown to more than 100 employees with more growth planned in the future.
