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RIA Roundup: Geller Opens South Florida Workplace, Unveils New Model

Geller & Co. introduced the opening of a brand new South Florida workplace this week, to satisfy the agency’s uber-wealthy purchasers the place they’re, whereas rebranding to convey affiliate companies below a single identify and new brand.

In the meantime, Sequoia Monetary Group employed a brand new COO from Deutsche Financial institution and elevated current staff to move up a strategic progress initiative, Waverly Advisors expanded westward with an Austin acquisition, and Stratos Wealth added an advisor from Asset Administration Group.

In earlier reported information, Carson Group bolstered certified plan capabilities with the largest acquisition in its historical past, and OneDigital Funding Advisors added a staff with experience in outlined profit plans and pension threat methods. On the identical time, NewEdge Wealth moved into the Bay Space with a First Republic breakaway, and a staff left Merrill Lynch to launch Sykon Capital in partnership with tru Independence.

Geller Opens South Florida Workplace, Unveils New Model

Geller & Firm, an accounting and wealth administration agency primarily based in New York Metropolis, opened a brand new workplace in Jupiter, Fla., positioned north of West Palm Seaside.

The brand new workplace would be the major location of Scott Bush, chief consumer officer of Geller Advisors, Geller’s SEC-registered funding advisory enterprise. Established in 2005, Geller Advisors manages somewhat greater than $5 billion in consumer belongings—together with some $4.2 billion for 103 ultra-wealthy purchasers—and advises on $3 billion extra.

“Primarily based on our origins as a agency offering complete companies to purchasers who’re extremely discerning leaders of their respective fields, it’s our perception that we have now constructed a number of the most subtle funding, tax, property planning, CFO, and monetary administration capabilities accessible within the monetary companies market,” Bush mentioned in an announcement. “The best worth we ship is on the nexus of those disciplines, serving to our purchasers to generate long-term and sustainable wealth.”

Geller opened the Jupiter workplace—its third location, after a Los Angeles workplace was established in 2020—in an effort to satisfy purchasers the place they’re. The agency sees South Florida as a “key market” for brand spanking new and current purchasers, various whom are first era wealth creators, based on the announcement.

Geller & Firm additionally introduced this week that it has adopted new company branding. The multicolored, prismatic brand is meant to represent managing “complicated monetary lives although multidisciplinary companies and experience,” whereas representing the corporate and its associates—Geller Advisors, Geller Tax and G Consumer Providers—all working below the model Gellar.  


The brand new Gellar brand


Sequoia Hires COO From Deutsche Financial institution, Names Heads of Strategic Progress Initiative

Sequoia Monetary Group, an Akron, Ohio–primarily based RIA managing almost $16 billion in consumer belongings, introduced a handful of key management strikes this week.

Joseph Glick has joined the agency as chief working officer from Deutsche Financial institution, the place he spent nearly 14 years, most just lately as head of technique in consumer lifecycle administration. He replaces Al Kantra, who was COO for nearly two years earlier than being named head of advisors and enterprise growth.

Glick is answerable for finance, threat and compliance, authorized, consumer service and administration, know-how and organizational growth at Sequoia.

“Becoming a member of Sequoia was the apparent alternative for me,” he mentioned in an announcement. “The agency’s management staff has a transparent dedication to a client-first, values-based tradition and has an bold plan to serve purchasers in a aggressive business.”

Sequoia additionally introduced the promotion of Kevin Tichnell from govt vp to chief technique and acquisitions officer answerable for M&A, whereas increasing duties for Annie McCauley in her position as EVP and chief consumer officer to incorporate natural progress initiatives and advisor outreach.

“At this time’s management appointments are designed to strengthen our strategic enlargement plans as we proceed to construct a sturdy and scalable agency to serve purchasers for generations to return,” Sequoia founder and CEO Tom Haught mentioned in an announcement. “Our priorities are natural progress, selective acquisitions, and operational excellence. Annie is now answerable for natural progress and unifying our consumer expertise, asset administration and planning. We welcome Joe to Sequoia in the important thing position of overseeing our rising operations and breadth of companies. Kevin will focus solely on main our M&A efforts.”

Based in 1991, Sequoia has grown organically and thru acquisitions. In February, the agency purchased Zeke Capital Advisors, a multifamily workplace in Pennsylvania managing greater than $5 billion in belongings that successfully doubled Sequoia’s household workplace apply.

With greater than 200 staff, together with round 135 advisors, Sequoia manages almost $16 billion for greater than 6,000 retirees, enterprise homeowners and households, based on a current Kind ADV submitting, in addition to various firms, charities and retirement plans.

The agency has a complete of 9 areas throughout Ohio and Michigan, in addition to Berwyn, Pa., Hilton Head, S.C., and Tampa, Fla.

Waverly Advisors Acquires Silicon Hills Wealth Administration

Waverly Advisors, a $6 billion AUM RIA primarily based within the nation’s Southeast, expanded westward with the acquisition of Silicon Hills Wealth Administration in Austin, Texas.

With $255 million in belongings, Silicon Hills was based in 2013 by Tom Brown and James Werner. Brown, regional director of Waverly’s new Austin workplace, Werner, and your entire staff are becoming a member of Waverly within the deal.

“When contemplating a merger, it was essential for us to discover a like-minded group as dedicated as we’re to programs and know-how options, which assist our purchasers navigate their monetary lives,” Brown mentioned in an announcement. “Partnering with Waverly offers our purchasers with higher options and strengthened sources.”

Austin marks Waverly’s tenth location, together with workplaces throughout Alabama, Georgia and Florida. It’s the sixth deal the agency has accomplished since taking over non-public fairness companions HGGC and Wealth Companions Capital Group in late 2021. This spring, the agency introduced the acquisition of Omni Wealth Advisors in Tampa and Atlanta, with $105 million AUM.

“As we proceed to develop into new markets past the Southeast, we consider Tom and his staff are the proper match to determine Waverly’s presence in Texas,” mentioned Waverly CEO Josh Reidinger. “Silicon Hills brings a recent perspective to innovation and know-how, which is able to additional strengthen Waverly’s current infrastructure and improve our consumer companies.”

The acquisition, phrases of which weren’t disclosed, was accomplished on June 16, bringing Waverly’s whole AUM to $6.1 billion.

Stratos Wealth Recruits AMG Advisor With $250M in Belongings

Stratos Wealth Advisors, an RIA owned by Stratos Wealth Holdings, added an advisor from Asset Administration Group with greater than $250 million in belongings below administration—Robert Hamer, in Northbrook, Unwell.

With greater than 4 a long time of expertise, Hamer was a founding accomplice and managing director at Sundown Companions Capital Administration earlier than becoming a member of AMG in 2007. At AMG, he has been a managing director since 2016.

“After spending a long time on this business, I knew precisely what I wanted to higher serve my purchasers, and after contemplating my choices, Stratos proved to be the apparent alternative,” Hamer mentioned in an announcement.

Primarily based in Beachwood, Ohio, Stratos Wealth Advisors was based in 2016. The agency manages greater than $3 billion in advisory belongings and advises on one other $32 million in third-party managed accounts. Stratos affords three custodial choices—Charles Schwab and TD Ameritrade, set to be totally merged by Labor Day, and Constancy Investments—to 55-plus advisors in 12 states.

Along with hybrid RIA Stratos Wealth Companions, new W-2 affiliation mannequin Stratos Personal Wealth, acquisitive arm Stratos Wealth Enterprises and funding administration store Fundamentum, the Stratos Wealth community contains greater than 350 monetary professionals in 26 states overseeing a collective $22.8 billion in consumer belongings.



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