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May 31, 2018 at 09:16 AM
Triad Advisors, owned by Ladenburg Thalmann, says the Boston-area firm Pinnacle Private Wealth has joined its broker-dealer and hybrid RIA custodial platforms.
Pinnacle works with about $750 million in client assets and previously was affiliated with LPL Financial.
“Dan Cotton and Myles Dudley have built a talented and experienced team of advisors and other professionals who share our vision of providing clients across the country with consistently sterling service,” said Nathan Stibbs, Triad’s chief strategy officer, in a statement. “Pinnacle has grown tremendously in the nine years they have been in business, and they have impressive plans to continue their expansion in the years ahead”
“Our decision to join Triad Advisors was made after a thorough and lengthy due diligence process,” according to Daniel J. Cotton, managing partner of Pinnacle. “We are confident we have found the ideal partner for our needs in Triad Advisors, and we look forward to working with them.”
In other news, Raymond James recruited financial advisors Dean Dancer, T.J. Goelz, Steven Grossman and Joe Malave, CFP, to its employee-advisor channel from UBS.
The advisors do business in Sarasota, Florida, as the Palm Avenue Wealth Advisory Group of Raymond James and have some $480 million in client assets.
They report to Patrick O’Connor, Florida regional director for Raymond James & Associates. The Sarasota office is part of the RJA Suncoast Complex, managed by Chris Fils, who recently joined the firm from Morgan Stanley.
“With more than 125 years of combined experience, Dean, T.J., Steven, Joe, Pamela and Blake are great additions to our growing Suncoast Complex. It’s a pleasure to welcome them,” said O’Connor, in a statement.
“What attracted us to Raymond James were the culture and the firm’s commitment to book ownership,” according to Goelz.
Kestra, Janney Recruiting News
Kestra Private Wealth Services, an RIA subsidiary of Kestra Financial, says a team from Wells Fargo Advisors is now affiliated with it in St. Louis. Undivided Wealth Management includes Gary Baker, Dan Kraus and Kim Rubenstein, who collectively oversee $186 million in assets.
“We continuously ask ourselves if we’re doing what is best for our clients. While the path to independence is not easy, it’s well worth it and we’re certain it will offer us the opportunity to serve our clients at a higher and more personalized level,” said Baker, in a statement.
The partnership marks the fourth new office Kestra PWS has opened in 2018.
