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Dallas' True North Advisors Gets Equity Investment from Firms in Florida, California

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Dallas' True North Advisors Gets Equity Investment from Firms in Florida, California


True North Advisors, a Dallas-based registered investment adviser (RIA) with an office in Fort Worth, has entered into a strategic partnership with Wealth Partners Capital Group, a financial services holding company, and HGGC, a firm focused on partnership investing.

Both WPCG and HGGC have made minority equity investments in True North, the Dallas firm said. Financial terms were not disclosed.

“WPCG’s expertise in identifying strategic opportunities will undoubtedly enrich the depth and breadth of our core offerings, providing our clients with even more comprehensive solutions,” Scott Wood, CEO and co-founder of True North, said in a statement.

“We’re confident that this partnership will open up new opportunities for growth, creativity, and success,” added Mark Gehlbach, president and co-founder of True North.

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WPCG, based in Palm Beach, Florida, and HGGC, based in Palo Alto, California, said they have made a minority equity investment in True North to help accelerate its growth via targeted acquisitions, the company said. The management team members of True North remain majority shareholders and will continue to control the decision-making and operations of the firm.

More than $3 billion in assets under management

Founded in 2000 by Wood and Gehlbach, True North is one of the fastest-growing RIAs in Texas and one of the top 150 RIAs in the country, the firm said.

True North said it serves significant business owners, entrepreneurs, and families with wealth planning, investment management, and business transaction planning solutions. The firm also oversees a growing, turnkey alternative investment platform, Western Alternative Strategies, that offers exclusive access to institutional-quality private investments.

True North said it has more than $3.3 billion in assets under management.

Targeting expansion in Texas and the Southwest

The firm said its partnership with WPCG and HGGC will allow it to remain focused on serving its clients while expanding its presence in Texas and the Southwest.

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“With a deep and experienced management team, strong regional brand and a unique approach to planning and investments, True North is poised to become the leading wealth management firm in the Southwest,” John Copeland, managing partner of WPCG, said in a statement. “We’re excited to partner with Scott, Mark, and the entire True North team in growing the firm and attracting the highest level of advisory talent.”

Neil White, president of HGGC, said that his firm will invest in True North via Aspire Holdings, a holding company dedicated to investing in the wealth management space.

“True North is well positioned to expand its platform, and we are pleased to bring additional resources to help the firm continue its momentum through both organic growth and strategic M&A,” White said. “We look forward to supporting the management team on these and other business-building initiatives in the coming years.”

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Dallas Weather: Thunderstorms in the forecast for Friday & Mother’s Day

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Dallas Weather: Thunderstorms in the forecast for Friday & Mother’s Day


Thunderstorms will roll through parts of North Texas on Friday. Thankfully, none should be severe. Mother’s Day could be a different story.

Friday Forecast

According to FOX 4 Weather Meteorologist Berkeley Taylor, a cluster of thunderstorms will work their way east across the Dallas-Fort Worth Metroplex on Friday morning.

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Everything is well below severe limits, just with lots of lightning! 

Scattered showers and thunderstorms will move in and out through the day on Friday. Coverage is about 20%.

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An isolated strong storm or two can’t be ruled out, but the overall threat is low. 

Temperatures will be in the 50s and 60s for the morning, before climbing into the 80s by the afternoon. 

Weekend Forecast

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Saturday will look similar, with even lower coverage expected. 

Sunday presents the best chance to find rain and storms – about 50% as a cold front moves through North Texas. 

North Texas is under a Level 2 out of 5 risk for severe weather. The biggest concerns will be with wind and hail. 

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Timing-wise, the front looks to move through in the afternoon/evening. 

7-Day Forecast

Once the front is south of North Texas on Mother’s Day, the rain should come to an end, and it will stay dry into next week.

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Temperatures will start to warm into the upper 80s and low 90s by midweek next week.

The Source: The information in this story is from the FOX 4 Weather team and National Weather Service.

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Dallas deck park set to reconnect Oak Cliff after decades of division

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Dallas deck park set to reconnect Oak Cliff after decades of division


Dallas is just days away from opening the new Harold Simmons Bridge Park, a deck park built over I‑35E near the Dallas Zoo. The project, more than 35 years in the making, is designed to reconnect the long‑divided Oak Cliff community. Instead of a traditional ribbon‑cutting, leaders held a symbolic event highlighting unity and the park’s role in bringing neighborhoods back together.



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Cowboys’ Stephen Jones says what NFL won’t admit about the Micah Parsons trade

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Cowboys’ Stephen Jones says what NFL won’t admit about the Micah Parsons trade


It hasn’t even been a year since the blockbuster Micah Parsons trade, but the Dallas Cowboys have officially and completely moved on.

Although in many ways, the 2025 season feels like it was wasted with how good the Cowboys’ offense was, the decision to trade Parsons to the Green Bay Packers was pretty simple in principle: Dallas did not believe one great player was worth four or five good players. And that is a sentiment that has been repeated to an almost political degree from the Cowboys’ brain trust.

Cowboys EVP and CEO Stephen Jones recently reiterated the Dallas’ internal pleasure over how the Parsons trade has played out, and he essentially said what everyone in the NFL refuses to say: The Cowboys might have actually made the right call.

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Stephen Jones likes how Dallas Cowboys have reloaded the defense after Micah Parsons trade

Here’s what Jones had to say (via NFL.com) regarding his thoughts on the trade now that the pieces are pretty much all in place:

“We feel really good about it. Obviously, much respect for Micah and what he stands for and how he plays and the caliber of player he is, but at the same time we feel good about what we’ve added via that trade.

You look at a guy like Quinnen Williams and Kenny Clark, they’re alpha players who not only are great players on the field, but they’re leaders in the meeting room. How they go about their business in the offseason, [they] just bring great leadership to this team. As we mentioned, we add a guy like Caleb Downs, who is obviously the same type of character…

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I just feel very optimistic that we have the right pieces in place to go out there. Ultimately, the decision we made was that one player was not worth four or five good ones.”

There is really a lot going on with what Jones says right here that will perk up a lot of ears and eyebrows.

Of course, the general sentiment seems to be that the Cowboys are pleased with the way they’ve utilized the assets they got in that trade from the Packers. The acquisition of defensive lineman Quinnen Williams gives Dallas an absolute stud in the middle, but having Kenny Clark next to him is a really underrated piece as well.

The trade back in the first round of this year’s draft with Green Bay’s selection landed the Cowboys Malachi Lawrence, Devin Moore, and LT Overton. There’s still the matter of which pick will go to the Jets next year from the Williams trade, but it will be whichever of Dallas’ and Green Bay’s pick is higher.

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You can also tell that the personal makeup of the players they’ve added was important for Dallas in this process, and while Jones stops short of taking a dig at Parsons in that regard, you can hear what he’s saying pretty loud and clear when he talks about guys being “alpha” players on the field as well as leaders in the meeting room. Message sent.

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The thing nobody in the NFL really wants to admit is that the Cowboys did the right thing by trading Parsons when and how they did. And while you can debate whether they truly got great value, it’s hard to argue with the idea that one player is worth four or five, especially when that one player would be taking up the same slice of the pie as most quarterbacks around the NFL.

It’s not that you can’t make it work, but in Dallas’ context, they felt like that investment in Parsons was a signal that they were “one player away”, and it’s hard to argue with their self-awareness that they simply weren’t in that position a year ago.

Although the cost was moving on from a true superstar off the edge like Micah Parsons, it’s a trade that has helped Dallas reload a huge portion of their starting defense, including adding three quality players on the defensive front, maybe more.

Most people hated the Parsons trade just on principle. How can you trade a defensive superstar still with his prime years ahead of him? Doesn’t it send a bad message to other players who earn big-money contracts? Ultimately, the Cowboys drew a proverbial line in the sand, and that’s part of the business of the NFL.

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They still have to hope that all of the new additions work out, but on paper, it’s hard to argue with what the Cowboys were able to assemble rather quickly because of this trade.

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