Weekly Summary of RIA and Advisor Industry Moves

With the July 4th holiday weekend behind us, financial advisors and RIA’s made sure they did not let any moss grow under their feet. 

Here are some of the moves announced over the last few weeks:

 Phillip Sutton has joined LPL’s independent channel with $300 M AUM in Paducah, KY. Leaving Ed Jones, he was their top FA in the state.

 ATS Advanced Trustee Strategies (FA Sandeep Varma) in San Diego, CA has joined Avantax with $400M AUM. His group was previously with FSC.

Harrison & Co. Wealth Management (Bruce Harrison and Ian Hamre) in Roanoke, Va. with $150M AUM has been acquired by Mercer Global Advisors as they continue acquire practices. 

Joshua Cavett, Angie White and Ellen Reynard have joined New Edge with $1.03 B in AUM, in Beaumont, TX. They have named themselves " Beaumont Wealth Advisors" and previously were with Raymond James. 

David K. Cohn, Leah D. Schwarz and Zach McCown have joined Steward Partners and created a new team "Perspective Wealth of Steward Partners" in San Antonio, TX with $1B AUM. Prev with Ray Jay. 

Rhonda McNiel has joined Raymond James in Fort Lauderdale, Florida with $110 M AUM. Previously with Oppenheimer and has been registered wince 1981.

Trevor Ronderos has joined Alex Brown/Raymond James in Miami, FL with $122 M AUM. Previously with Goldman Sachs Wealth.

Kuosen Fung has joined RBC Wealth with $285 M AUM in Greenbrae, CA. Previously registered with Merrill Lynch. 

The Kinard Group (FAs include: Craig S. Kinard, Sherrie L. Spitz and Kelly Gaskins Widvey) has joined UBS in Denver, CO with $650 M AUM. The team was previously with Merrill Lynch.

Torren J. Szuluk has joined JP Morgan Advisors in Miami, FL with $220 M AUM. He was previously with Morgan Stanley in Boca Raton, FL .

David Baland and Liatriz Levy have joined Raymond James in Albuquerque, NM with $300 M AUM and branded themselves as “Old Town Advisors.” They will be operating under the Concurrent group of LPL. Previously with Merrill Lynch. 

Vision Wealth Advisors (FAs include Steelman Ketchum,Shawn Roberts, Mark Sullivan and  Michael Schulz) have joined Raymond James in Columbia, SC with $630 M AUM.  The team was previously with Wells Fargo Advisors.

Another PE backed RIA acquisition, the latest with Dyson Capital Advisors in Alexandria, VA with $3.5 billion AUM being acquired by Pathstone who is backed by Lovell Minnick Partners. The lead director of Dyson is Nicholas Perrins whose practice has a large bend toward private investments. 

The Claghorn Group (including FAs: John W. Claghorn III, John W. “Jake” Claghorn IV and William (McKay) Claghorn) has joined Rockefeller in New York, NY with $1 B AUM in the firm’s Rockefeller Plaza location. They previously were with RBC Wealth management.

Titus Wealth Management has been purchased by WEG (Wealth Enhancement Group) with $774 M AUM in Larkspur, CA. They will start TWO new team names: Central Bay Area Team and Gold Country Team.  Eric Aanes is the group’s principal. 

Joshua G. Parker and Neil Kvasnak have joined Rockefeller, with $400 M in assets and will be relocating from Burlington, VT to warmer winters in Palm Beach, FL. They were previously with Merrill Lynch. 

BT Wealth Management ( FAs Scott Craig, Clay McDaniel, Justin Snell) has been acquired by WA Asset Management with $1B AUM in Atlanta and Savannah, GA. This is the second acquisition for WA Asset Management who is based out of Birmingham, AL. 

David Cohn, Leah Schwarz and Zach McCown have joined Steward Partners created a new team " Perspective Wealth of Steward Partners" in San Antonio, TX with $1B AUM. The team was previously with Raymond James.

For additional insights and to stay up-to-date on job and role changes, we'd love to offer you a free trial of Dakota Marketplace!

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Written By: Gui Costin, Founder, CEO

Gui Costin is the Founder and CEO of Dakota.