A San Diego-based Wells Fargo team with about $1 billion in assets has moved to AdvicePeriod: Ryan Goldenhar, CFP, CFA, and Jackie Lewis, CFP.
Lewis was with JPMorgan from 1994 to 2002, when she became a wealth advisor and senior vice president at Wells Fargo. Goldenhar was a senior investment strategist for Wells Fargo Bank for the past 16 years, after working for Merrill Lynch and Centara Capital.
“We could not be happier to have Ryan and Jackie on the team,” said AdvicePeriod principal Larry Miles, in a statement. “They are incredibly successful advisors who were looking for the best home for their clients. It’s an honor that they are partnering with us.”
“AdvicePeriod makes so much sense for our clients,” according to Lewis. “We wanted to find a firm that could provide us the resources we need to do even more for our families and we know we’ve found it.”
Based in Los Angeles, AdvicePeriod is an RIA that serves reps with ultra-wealthy and high net worth clients; it has about $5 billion in client assets.
“Honestly, we are way ahead of schedule,” Miles explained. “We’ve only focused on attracting like-minded advisors for two years.”
The group says it is working on the introduction of estate-planning visualization technology for its registered reps.
Alex. Brown News
Alex. Brown, a division of Raymond James, welcomed advisor John-Peter “JP” Rockwell Curcio in Atlanta from AB, Alliance Bernstein. Curcio works with about $110 million in client assets and has been in the industry for 22 years.
“We’re proud that Alex. Brown’s culture, combined with robust resources at Raymond James, continues to attract high quality client advisors like JP,” according to Regional Director Brett Kellam.
“I was looking for a firm that is focused on putting my clients’ needs first,” said Curcio, in a statement. “I found the boutique feel of Alex. Brown’s culture and the wide range of resources at Raymond James to be the best match for me and my clients.”
LPL Financial says Patriot Wealth Management is moving to its hybrid platform with about $120
LPL Financial says Patriot Wealth Management is moving to its hybrid platform with about $120 million in assets from Summit Brokerage Services, part of the Cetera BD network. Based in Torrance, California, the firm is led by E. Martin von Känel. CFP, founding partner and CEO. It includes Monica Herrera, director of operations, and support staff members Elizabeth Martinez and Carly Shafik.
“My clients chose me, and I want to make sure to deliver on their trust. I am dedicated to helping them plan for their future by educating them to make the best decisions for their unique needs,” according to von Känel, who was affiliated with LPL from 1994 to 2009.
“Transitioning a business is a big undertaking, but returning to LPL was the right decision for me, my family and my firm,” he added.
Separately, Wealth Enhancement Group, which has about $9.6 billion in assets, says it is acquiring Summit Planning Group, a fee-based advisory practice in Green Bay, Wisconsin, with more than $500 million in client assets. This is Wealth Enhancement Group’s second purchase in Wisconsin over the past nine months.
Founded in 1997 and backed by the private-equity firm Lightyear Capital, WEG is a based in the Greater Minneapolis area. It has its own RIA and some of its reps trade securities through LPL Financial.
“Establishing a substantial volume of advisory capabilities and clients in key markets has long been a crucial priority for Wealth Enhancement Group as we seek to build on the momentum our multi-faceted growth strategy has gained over the past six years,” according to Jeff Dekko, CEO of WEG.
In addition to acquiring nine independent wealth firms over the last five years, WEG grew its assets by more than $1 billion per year in 2017 and 2018.
Other recent acquisitions include Summit Wealth Advisors (Chicago), acquired in 2013; HHG & Company (Darien, Connecticut) and Sound Financial Solutions (Houston) in 2016; CLA Financial Advisors (Chicago) and CPA Retirement Planning (Jacksonville, Florida) in 2017; and Cimino Wealth Advisors (Clinton, Wisconsin), Retirement Strategies (Jacksonville), OneSource Retirement Advisors (Philadelphia) and GDM Advisory Group (Philadelphia) in 2018.
SunTrust Investment Services says its Private Wealth Management team recently added two new managing directors and wealth advisors in Dallas: Nathan Chapman and Laura Ryan.
Ryan has more than 25 years of work as an advisor and joins from JPMorgan. Chapman brings over 15 years of private wealth and capital markets experience to his new role at SunTrust and also joins from JPMorgan.