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November 02, 2017 at 06:13 AM
Woodbury Financial Services, one of Advisor Group’s independent broker-dealers, says it has added the Tenacity Advisory Group, a Wisconsin-based Office of Supervisory Jurisdiction. Tenacity formerly used SII Investments as its broker-dealer.
The new group includes $2 billion in client assets and 52 advisors across Wisconsin, Michigan, Ohio and Nebraska. (Woodbury has roughly 1,200 registered reps.
“We are honored to welcome TAG to the Woodbury Family,” said Rick Fergesen, president and CEO of Woodbury, in a statement. “As a firm with a rich history of servicing advisors and their clients to their fullest potential, TAG is an exceptional example of a business founded on holistic financial planning, and we are proud that they’ve selected Woodbury.”
In other news, RBC Wealth Management announced that two teams had joined it on the East and West Coasts with over $1 billion in combined client assets.
The PVG Group is now part of RBC’s recently opened Palos Verdes office, according to Mike Melton, director of RBC’s Southern California Complex. The PVG Group includes advisors Larry Prutch, Cengiz Volkan, Alan Goldstein and Neil Fujita, who manage more than $610 million in assets and formerly worked for Bank of America-Merrill Lynch.
“As RBC Wealth Management continues to grow in Southern California, we are attracting talented financial advisors like the PVG Group to the firm,” said Melton, in a statement. “The opening of the new Palos Verdes office will offer more convenience to our clients as we help them achieve their wealth management goals.”
Dominello Investment Group joined it from Wells Fargo Advisors in Farmington, Connecticut, according to Aaron Scott, director of RBC’s Hartford Complex.
The Dominello Investment Group includes George Dominello, who has 36 years of industry experience, and his son William Dominello, CFP, who has been in the business for 10 years. They manage $395 million in assets.
“We decided to join RBC Wealth Management because of its global reputation for strength and stability,” said George and William Dominello, in a joint statement. “We were also incredibly impressed that everyone from senior management to the individual advisor, truly puts clients first in all decisions.”
More Developments
Baird says it added the Jester Group and opened its first wealth management office in Chapel Hill, N.C.
The team is led by C. Gene Jester, formerly of Morgan Stanley. It oversees $210.5 million of client assets and generates some $1.86 in annual fees & commissions. Jester is joined by Bert “Cort” Lester Bennett IV, Emma E. Jackson, Tracie Legg and his son, David Jester.
