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Practice Management > Building Your Business > Recruiting

Carson Wealth Nabs $500M Wells Fargo Team: Recruiting Roundup

By Janet Levaux

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Worsfold Wealth Management has left Wells Fargo to join Carson Wealth. The team, led by Joel Worsfold, has about $500 million in assets and is based in West Des Moines, Iowa.  

“Joel and his team have known us for more than a decade, and we couldn’t be more excited to add such a well-reputed advisor to our organization,” according to Carson, CEO and founder of Carson Group, which works with Cetera Advisor Networks as its broker-dealer.

“He’s making a transformative leap to go independent and truly serve his clients as a fiduciary. We look forward to 2019 together, as Carson Wealth begins a new chapter in Des Moines,” Carson added.

Worsfold has been an advisor for 30 years and worked for Wells Fargo since 1994.

“Carson Wealth was really the only firm that culturally aligned with our mission and purpose for putting our clients at the center of everything we do,” Worsfold said in a statement.

“This decision represents a monumental move to not only improve the financial health and stability of our business but the actual physical health of our team, including myself,” he added. “We needed a trusted partner that could support us with better technology and a seamless experience, so we could serve our clients in the way we’ve always wanted.”  

Other IBD Developments

LPL Financial says it has recruited a team with $640 million in assets to its hybrid platform: Stofan Agazzi Investments of Joliet, Illinois, which formerly worked with Wintrust Investments, and is led by President Mark Stofan, CFP.

“We welcome Mark and the team to LPL. We are proud they recognized that we have the stability to serve as a long-term partner to their firm and their clients,” according to Rich Steinmeier, LPL Financial managing director and divisional president of Business Development, “We are committed to our advisors’ success and will continue to invest in capabilities that support their growth.”

Stofan as 31 years in industry experience. His colleagues, who also made the move with him, are Carroll Klotz, Marie Knorr, Ronald Lambert, George Stofan, Irene Celander and Daniel Murphy.

More Firm Changes

Meanwhile, HPM Partners says it now is doing business as Cerity Partners of New York.

“We recognized an opportunity to better communicate the character of our people, advice and service to clients and business partners,” said according to President and CEO Kurt Miscinski. “A modification of the word sincerity, our new name perfectly encapsulates our  character and the experience our clients receive.”

As part of its rebrand, the $10 billion RIA plans to continue to invest in the future of its private-partnership model. Its strategic initiatives include “recruiting talented and passionate specialists across the country who thrive in a collaborative environment and can help build a robust multi-generational perspective reflective of the firm’s clients,” Cerity said in a statement.

The RIA has six offices nationwide.

Janet Levaux

@Think_JanetL

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