Robb Baldwin, founder, president and CEO of TradePMR.
Gryphon Wealth, a Wells Fargo advisory team, this week announced that it has launched as an independent, fee-only fiduciary RIA.
Gryphon Wealth, based in Jacksonville, Florida, has about $3 billion in assets under management and is working with TradePMR on the launch.
Robb Baldwin, founder, president and CEO of TradePMR, told ThinkAdvisor that the firm has a long-standing relationship with Wells Fargo to support advisors who want to embrace the RIA model.
He said that TradePMR uses Wells Fargo Clearing to execute and clear trades for accounts opened at TradePMR and has extended that contract until 2032, "providing advisors with continuity and stability."
"It's the solid foundation we can leverage to innovate and advance our long-term strategy," he said.
Gryphon Wealth's leadership group — Jeffrey L. Wyatt, chairman and co-founder; Jason D. Hyrne, CEO, chief investment officer and co-founder; J. Adam Kirby, president and chief compliance officer; and Melissa Storch, chief operating officer — have worked together since 2015. Hyrne and Wyatt formed the team, which has 22 employees, in 2005.
Gryphon Wealth will use TradePMR's Fusion platform, which features digital account opening, trading and client relationship management.
TradePMR is a registered broker-dealer and has been a wholly owned subsidiary of Robinhood Markets since February 2025.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.