RBC Wealth Management has welcomed Tim Garigan from Wells Fargo Advisors to its Tucson, Arizona, office. Garigan has 41 years of industry experience and about $225 million in client assets.
“RBC Wealth Management has a long-standing reputation for putting the needs of clients above all,” said Garigan, in a statement. “The firm’s unique culture, along with the financial stability of global leader RBC, make it a great place for us to continue to grow our business.”
“Our Tucson branch has welcomed five new advisors in the past five months,” explained Branch Director Richard Schaefer, in a statement. “He is incredibly respected in the Tucson area, and we look forward to him continuing to develop goals-based wealth management plans to help his clients meet their financial goals.”
The Bivona Consulting Group recently joined RBC’s Glastonbury, Connecticut, office. The team includes Joseph Bivona, Thomas J. Bivona and Robert R. Impelluso.
They manage roughly $925 million in client assets and join from Wells Fargo Advisors.
“We are thrilled to welcome Joe, Tom, Robert, Lori and Eileen to the Hartford complex,” said Aaron Scott, director of the Hartford complex, in a statement. “They are well-respected industry veterans who are known for putting the interests of clients ahead of their own and for their passion in helping transform the lives of their clients, as well as the institutions they serve.”
LPL Financial says Ric Kellogg has joined its broker-dealer platform and aligned with IHT Wealth Management, an independent advisory firm on LPL’s hybrid registered investment advisor platform. Kellogg has about $123 million of client brokerage and advisory assets.
According to FINRA BrokerCheck, Kellogg is based in Chicago and spent the past 12 years at Merrill Lynch. He has been in the industry since 1995.
D.A. Davidson says it opened a new wealth management office in Colorado Springs, Colorado, with five advisors from Merrill Lynch who work with about $380 million in client assets: the McCarty, Brown & Eden Financial Advisor Group, which includes Brandon Brown, Ky (Sterling) McCarty, John Eden, Sandra D’Angelo and Mike Zolcinski.
“We are pleased to strengthen our presence in this important market with a team that is both highly respected and experienced but that also has deep ties to the Colorado Springs community,” said Michael Purpura, president of D.A. Davidson Wealth Management, in a statement.
D.A. Davidson started its operation in Denver in 2004, when the firm opened an office that serves institutional clients with fixed income and equity capital markets services.
Meanwhile, First Republic Bank says it added a wealth team from Merrill Lynch in Boston.
The group includes the Jim Atwood, Jeff Atwood, Tom O’Brien, Julie Rousseau, McClane Cover, Brendan York and Zach Calahan.
“Jim and his team have a very successful track record of developing customized solutions for many clients with diverse needs,” said Bob Thornton, president of First Republic Private Wealth Management, in a statement.
Triad Advisors, part of Ladenburg Thalmann Financial Services, said it recruited Cirrus Wealth Management to join its broker-dealer and hybrid RIA custodial platforms.
Located in Cleveland, Cirrus Wealth Management has four advisors who work with about $325 million in total client assets. It was formerly affiliated with Royal Alliance, one of the Advisor Group broker-dealers.
“Triad is delighted Cirrus has chosen to join us, and we look forward to helping them reach the next stage in their growth,” said Chief Strategy Officer Nathan Stibbs, in a statement.
Questmont Stratgic Wealth Advisors is now working with Kestra Financial as its independent advisor platform.
Based in the Harrisburg, Pennsylvania, area and led by husband and wife team Taylor Ranker, CFS, and Sonya Ranker, CFP , CDFA, the advisors at Questmont oversee $420 million in assets; they formerly were affiliated with Royal Alliance.
“Our mission at Questmont is and always will be to efficiently and effectively protect and grow our clients’ wealth,” said Ranker, in a statement. “To do that, we knew we needed a dynamic partner whose culture of carefully chosen firms would align with our client-first mentality and whose offering — particularly in technology – would grow our business. From the start, we knew Kestra Financial would fit the bill.”
Kestra also recently hired Taylor Hammons as its vice president and head of Retirement Plans. Most recently, Hammons was director of Retirement Plan Consulting Services at Advisor Group.
“As our platform continues to grow, we have carved out a unique focus on retirement plans in an effort to support advisors within this specialization,” said Mark Schoenbeck, Kestra’s national sales director, in a statement. “Bringing Taylor on board is one of the many steps we are taking to further enhance our retirement plan services. We’re confident that Taylor’s expertise and experience will help us empower the success of retirement plan specialists.”
Other retirement plan platform changes include enhanced data feeds to populate retirement plan specific systems and dashboards, a redesign of Kestra Financial’s retirement plan establishment technology, and improved tools for ongoing plan maintenance.
In addition, Hammons will be responsible for working with Kestra Financial’s Retirement Plan Advisor Council, which meets regularly to provide advisor-centric feedback and guidance.
“Retirement plans are an important piece of any financial advisor’s repertoire,” explained Hammons in a statement. “Kestra Financial has set up a comprehensive support system for independent advisors involved in the retirement plan space. As someone who has dedicated their career to providing, improving and supporting retirement plans, I’m excited to work with a company so committed to helping advisors.”
Ameriprise, Investment Center News
Amerprise Financial says a team of six advisors has moved to its operations with about $294 million in assets.
Ryan Lambert of Latham, New York, was formerly with MML Investors Services; he moves with fellow advisors Cheri Amsden, Daniel Miller, James Phillips, Christopher Spratt and Mark Wells.
Their practice operates under the name of Three Buckets Wealth Management.
“The reason we moved to Ameriprise was to give our clients broader choices of investments and an overall better client experience. As a team, we chose Ameriprise because of the technology, support and tools that allow us to serve our clients well,” Lambert explained in a statement.
Meanwhile, the independent broker-dealer The Investment Center says it recently added critical roles for two members of its management team. Robert Fernandes, formerly IT manager and cybersecurity officer has been promoted to chief information security officer; Nicola Sutton, formerly marketing director, is now diector of Practice Management and Development.
“Rob and Nicola are highly valued members of our team,” said President and CEO Ralph Devito, in a statement. “As the industry and advisors’ needs evolve, we are committed to providing the services they need to be successful. Cybersecurity and practice development are critical areas of focus for advisors and we are thrilled to have Nicola and Rob to meet their needs.”
Fernandes joined The Investment Center in 2002 as an IT specialist, while Sutton came on board in 2015.
According to the firm, Sutton developed “an award-winning Practice Management and Marketing coaching program for advisors that has helped participants bring in more than $150 million in AUM. Part of her new role will be to scale the program and the team supporting it.”
Spruce Investment Advisors, the asset manager and chief investment officer for family offices and charitable institutions, appointed industry veteran Michael Mahaffy as managing partner of the firm.
Mahaffy will oversee the firm’s day-to-day operations and serve on the Management and Investment Committees.
Mahaffy spent the past decade managing his own family office, primarily investing in ranches, wind farms, energy and real estate. Earlier, he spent 20 years as a managing director of UBS AG and was responsible for Equity Risk Management products; he also managed several internal hedge funds within the fixed income proprietary trading division.
New SFA Partners’ RIA
RIA Strategic Blueprint has joined the SFA Partners’ group of financial-services firms — which includes Strategic Financial Alliance, an independent broker-dealer and RIA.
Chief Compliance Officer Julie Sullivan will serve as president of Strategic Blueprint, and Strategic Blueprint will use TD Ameritrade Institutional for custody and clearing services.
“We’re delighted to roll out Strategic Blueprint as a top destination for experienced, entrepreneurial advisors focused on providing highly sophisticated wealth management offerings,” said SFA Partners CEO Clive Slovin, in a statement.
“Many independent advisors increasingly desire the best attributes of having one’s own RIA firm without the administrative burdens that come with it,” Slovin explained. The comprehensive resources that are part of Strategic Blueprint are designed to provide the freedom and flexibility these advisors need to succeed in the long term.”
Strategic Blueprint says its platform includes mutual funds, ETFs, closed-end funds and other traditional investment vehicles through TD Ameritrade, as well as alternative investments provided through relationships with specialized product sponsors and model portfolios, strategists and asset managers available through unified managed accounts.
The platform also features technology from Black Diamond for customized reporting; RedTail for customer relationship management and Laserfiche for document management.
“Strategic Blueprint combines the benefits of independence with the support of a powerful, turnkey technology platform, robust administrative and back office functions, and a vibrant and welcoming community of client-focused financial professionals,” Sullivan said in a statement.
As of April, Atlanta-based SFA serves some 150 independent advisors with nearly $4.9 billion in advisory and brokerage assets.