The West Des Moines-based entity marks a strategic pivot for its parent company, moving beyond traditional insurance and annuity lines to compete in the shifting landscape of independent and hybrid registered investment advisory models. President Michael Mock described the firm as a platform designed to preserve advisor independence while leveraging the financial stability of an employee-owned structure.
Criterion aims to scale through a combination of technology investments and targeted acquisitions. By maintaining the individual brand identities of its three founding firms, the parent company intends to provide the resources of a national player without disrupting the functional autonomy of the underlying practices. This expansion strategy focuses on delivering long-term, permanent capital to advisors navigating a rapidly consolidating financial services sector.

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