Hampton Bluff Capital Partners has launched as an independent wealth management firm after breaking away from UBS Private Wealth Management. Based in Atlanta, the firm oversees approximately $1.3 billion in client assets and is backed by a strategic minority investment from Elevation Point, which will provide infrastructure, capital markets support, and advisor services. The firm focuses on serving entrepreneurs, high-net-worth individuals, family offices, foundations, and corporations.
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RIA & Broker-Dealer Roundup: February '26 Moves, M&A Deals & Emerging Players
In the February edition of the Registered Investment Advisor (RIA) & Broker-Dealer (BD) Roundup, FINTRX--your trusted source for AI-powered private wealth data intelligence--details the most notable advisor and team moves, M&A deals, and new firm launches that occurred throughout the month.
Quick Hitters: Recent Developments in Wealth Management
(Click to jump to the specific article)
Rep Movements
- Baird added $305M Cowans Mitchell Group from Edelman; opened Chandler, AZ office
- &Partners picked up $250M across two teams from Ameriprise and Wells FiNet
- Savvy added Denver’s $300M Colorado Wealth Group
- Wells Fargo recruited $480M / $3M UBS team in Alabama
- Morgan Stanley landed $1.5B UBS private wealth team in West Palm Beach
- Raymond James pulled $730M Commonwealth team, launching Financial Consulting Services
- Raymond James added another $682M Commonwealth team in Massachusetts
- Wells Fargo landed $3.1B / $17M Weikes Slattery Group from J.P. Morgan Advisors
- Janney added $1B+ Warren-Fantano team from Merrill Lynch
- NewEdge recruited $1B Seven Bridges Wealth Advisors from Ameriprise
M&A Activity
- OnePoint BFG acquired $700M Voyage Wealth Architects
- Beacon Pointe bought three RIAs totaling $732M across MA, WI, TX
- Waverly acquired $437M Pure Portfolios in Oregon
- EP Wealth partnered with $390M+ LongView Asset Management in New Mexico
- Bluespring acquired $2.3B SHP Financial
- MAI agreed to acquire $759M LOC Investment Advisors
New Firm Launches
- $1.3B Hampton Bluff launched in Atlanta
Read on for more info...
Rep & Team Movements
Baird Deepens Arizona Reach with Former $258M Edelman Financial Engines Team
Baird has expanded its Arizona presence with the addition of an experienced advisory team and the opening of a new private wealth management office in Chandler, continuing the firm’s steady growth across the Southwest. The Cowans Mitchell Group has joined Baird from Edelman Financial Engines and will operate from offices at 3100 West Ray Road. The team oversees approximately $305 million in client assets and is led by Director and Financial Advisor Jason Cowans alongside Vice President and Financial Advisor Wilson Mitchell.
→ The Cowans Mitchell Group, managing $305M in client assets, has joined Baird from Edelman Financial Engines.
→ The team is led by Jason Cowans and Wilson Mitchell, bringing more than four decades of combined industry experience.
→ Chandler becomes Baird’s sixth Arizona location, joining offices in Phoenix, Scottsdale, Kierland, Peoria (Sun City), and Tucson.
→ Baird’s Private Wealth Management business includes ~1,400 advisors overseeing ~$369B in client assets.
View Robert W. Baird & Co., Inc. in FINTRX
&Partners Picks Up Teams From Ameriprise, Wells Fargo FiNet
&Partners, the St. Louis–based hybrid broker-dealer founded by former Wells Fargo Advisors CEO David Kowach, has added two advisory teams in recent weeks with a combined $250 million in pre-hire assets. The practices, Four Lights Advisors in South Carolina and La Belle Vue Wealth Management in Wisconsin, joined from competing firms as the fast-growing platform continues to attract experienced advisors. The firm surpassed 105 advisor practices representing $51B in pre-hire assets in 2025, with revenue growing 179% year over year.
→ Four Lights Advisors, managing ~$125M in pre-hire assets, joined from Ameriprise Financial and is led by Heyward Barnes and Trey Bruner.
→ La Belle Vue Wealth Management, led by Brian Konop, moved from Wells Fargo Advisors Financial Network with ~$125M in assets.
→ The additions follow Curley Wealth Management’s $500M move to &Partners in January.
Savvy Advisors Adds Colorado Wealth Group, Surpassing 4.5x Growth YoY
Savvy Advisors has added Colorado Wealth Group, a Denver-based wealth management firm overseeing approximately $300 million in client assets. Advisors retain ownership of their book of business while gaining access to Savvy’s AI-enabled tools, operational support, and multi-custodial platform. The addition contributes to Savvy’s rapid expansion, with the platform reporting more than 4.5x growth year over year as it continues attracting independent advisory teams to its tech-enabled RIA platform.
→ Colorado Wealth Group, managing ~$300M in client assets, has joined Savvy Advisors in Denver.
→ The firm was founded by Steven Harp and Jacob Ray, who previously worked together at Northwestern Mutual.
→ The eight-person team serves roughly 350 high-net-worth clients and provides planning-led wealth management and tax services.
→ Savvy has more than doubled AUM in six months and reported 4.5x growth over the past year.
Wells Fargo Scoops Up $3-Million UBS Team in Alabama
A UBS Wealth Management advisory team managing approximately $480 million in client assets has joined Wells Fargo Advisors in Huntsville, Alabama. The team, which generates about $3 million in annual revenue, is led by advisors Jason Schrimsher, David Mann, and Miles Stumb and made the move alongside two support staff members. The transition adds to a growing wave of advisor movement across major wirehouses.
→ A three-advisor UBS team managing $480M in client assets and producing $3M in annual revenue joined Wells Fargo Advisors in Huntsville, Alabama.
→ The team now reports to Steve Meadows, Wells Fargo’s Southern Coast market leader based in Birmingham.
→ The move follows recent UBS departures, including a $1.5B team that joined Morgan Stanley in West Palm Beach.
→ Wells Fargo has been actively recruiting in 2026, recently adding an $800M Merrill Lynch team and three teams managing $1.3B to its network.
View Wells Fargo Advisors in FINTRX
$1.5-Billion UBS Private Wealth Team Skips to Morgan Stanley in Florida
A $1.5 billion UBS Wealth Management USA private wealth team has joined Morgan Stanley in West Palm Beach, Florida. Advisors Brian Lowenthal and Kristen Scarpa Bissett made the move alongside two support staff members after previously operating as Berman Partners at UBS. The transition comes amid broader advisor departures from UBS following compensation changes and continued recruiting efforts across major wirehouses.
→ A $1.5B UBS private wealth team led by Brian Lowenthal and Kristen Scarpa Bissett joined Morgan Stanley in West Palm Beach.
→ The team previously operated as Berman Partners at UBS and reports to Private Wealth Branch Manager Peter Nardin and Market Executive Vincent Colucci.
→ Both advisors joined UBS from Barclays in 2015 when the firm exited the U.S. wealth management market.
→ Morgan Stanley has continued aggressive recruiting, recently adding teams with $822M, $1B, and $3.5B in client assets from competing firms.
Raymond James Brings In $730 Million Wealth Management Team
Raymond James has added a six-advisor wealth management team overseeing approximately $730 million in client assets to its independent advisor channel, Raymond James Financial Services. The group joins from Commonwealth Financial Network and will operate as Financial Consulting Services, Inc., based in Green Bay, Wisconsin. Led by advisors including Russell Olson and Christopher Lamal, the team focuses on delivering holistic financial planning and guidance to business owners, executives, and retirees.
→ A six-advisor team managing roughly $730M in client assets has joined Raymond James Financial Services from Commonwealth Financial Network.
→ The group launched Financial Consulting Services, Inc. in Green Bay, Wisconsin.
→ Advisors include Russell Olson, Christopher Lamal, Raymond Krusic, Ryan Spiering, Brian Craig, and Nicole Krusic.
→ Raymond James’ broader platform supports ~$1.77T in client assets.
Raymond James’ Indie Channel Attracts $682M Former Commonwealth Team
A Massachusetts-based advisory team managing approximately $682 million in client assets has joined Raymond James Financial Services, the firm’s independent advisor channel, from Commonwealth Financial Network. The group has launched Touchpoint Financial Advisor Group in Woburn, Massachusetts, bringing six advisors and several support staff as Raymond James continues to attract teams amid broader transitions within the Commonwealth network following LPL Financial’s acquisition of the firm. Advisors cited Raymond James’ investment platform and private wealth capabilities as key factors behind the move.
→ A six-advisor Massachusetts team managing $682M in client assets moved from Commonwealth Financial Network to Raymond James Financial Services, launching Touchpoint Financial Advisor Group in Woburn.
→ Advisors include Reed Thompson, David Erwin, John Pratti, John Nolan, Patrick Sheehan, and Jillian Feehan, along with several client service and operations staff.
→ The move marks another Commonwealth team joining Raymond James, following a $730M Green Bay advisory team earlier this month.
→ The transition comes amid LPL Financial’s $2.7B acquisition of Commonwealth, which oversees ~3,000 advisors and $305B in assets, with conversion expected by Q4 2026.
View Raymond James Financial Services in FINTRX
Wells Nabs $3.1-Billion J.P. Morgan Advisors Team in NYC
A J.P. Morgan Advisors team managing $3.1 billion in client assets has joined Wells Fargo Advisors in New York City. The Weikes Slattery Group, led by Elizabeth Weikes and John Slattery, generated approximately $17 million in annual revenue and transitioned with multiple support staff members to Wells’ private client group. Advisors cited Wells Fargo’s expanded lending solutions and integrated banking services as key factors behind the transition. The move reflects Wells Fargo’s continued push to recruit large, established advisory teams across major wealth markets.
→ The Weikes Slattery Group, managing $3.1B in client assets, has joined Wells Fargo Advisors from J.P. Morgan Advisors.
→ The team is led by Elizabeth Weikes and John Slattery and generates roughly $17M in annual revenue.
→ The advisors joined Wells’ private client group in New York City alongside multiple support staff members.
View Wells Fargo Advisors in FINTRX
Janney Montgomery Scott Adds $1 Billion Delaware-Based Team
Janney Montgomery Scott has added a Delaware-based wealth team managing more than $1 billion in client assets. The team is led by Peni Warren and Chris Fantano, with Fantano also serving as branch manager for Janney’s new Middletown office. The group, Warren-Fantano Wealth Management, joined from Merrill Lynch and will operate from Janney’s newly opened Middletown office as well as its Lewes location, further expanding the firm’s presence in the region.
→ Warren-Fantano Wealth Management, overseeing $1B+ in client assets, joined Janney Montgomery Scott from Merrill Lynch.
→ The group will operate across two Delaware locations: Middletown and Lewes.
→ The team also includes senior registered private client associate Crystal Van Lenten and senior private client associate Catherine Huffman.
View Janney Montgomery Scott in FINTRX
NewEdge Adds Another Billion-Dollar Ameriprise Team
A $1 billion advisory team has joined NewEdge Advisors, the hybrid RIA and independent broker-dealer channel of NewEdge Capital Group, from Ameriprise Financial. The group, Seven Bridges Wealth Advisors, is based in White Plains, New York, and brings 14 team members led by Max DiSesa, Andrew Buscetto, David Mazzetti, and Joseph Femia. The group will custody assets with Schwab, Fidelity, and Goldman Sachs through NewEdge’s hybrid platform. The move reflects NewEdge’s continued success in recruiting large advisory teams as the firm expands its national footprint.
→ Seven Bridges Wealth Advisors, managing ~$1B in client assets, moved from Ameriprise Financial to NewEdge Advisors in White Plains, New York.
→ The 14-person team is led by Max DiSesa, Andrew Buscetto, David Mazzetti, and Joseph Femia.
→ The move follows another $1.4B Ameriprise team joining NewEdge in Tennessee, highlighting continued recruiting momentum.
→ NewEdge Capital, founded in 2020, oversees $88B in client assets and more than 450 advisors across its advisor channels.
View NewEdge Advisors in FINTRX
M&A Activity
OnePoint BFG Acquires $700M Northwestern Mutual Practice
OnePoint BFG Wealth Partners, a Rise Growth Partners–backed RIA, has acquired Voyage Wealth Architects, a Minneapolis-based advisory firm managing approximately $700 million in client assets. The firm, previously affiliated with Northwestern Mutual, joins OnePoint as the acquirer continues to expand its national footprint and build out its planning-focused wealth platform. OnePoint BFG, formerly Bleakley Financial Group, is backed by Rise Growth Partners, the RIA investment platform launched by former United Capital CEO Joe Duran.
→ Voyage Wealth Architects, overseeing ~$700M in client assets, was acquired by OnePoint BFG Wealth Partners.
→ CEO Brian Eder leads the Minneapolis-based firm alongside partners Jesse Bergland, Chris Crubaugh, and Chris Koenig.
→ Voyage selected OnePoint after evaluating more than 30 potential partners, highlighting strong demand for strategic RIA partnerships.
→ The deal follows OnePoint’s $2B acquisition of Spahn Financial Partners in October, which helped push the firm’s client assets above $15B.
View OnePoint BFG Wealth Partners in FINTRX
Beacon Pointe Advisors Welcomes Three Teams to Its National Platform
Beacon Pointe Advisors has expanded its national footprint through the acquisitions of three RIAs, Financial Planning Solutions, Voyager Wealth Management, and InvestmentHunter Wealth Services, adding approximately $732 million in combined client assets. The firms, based in Massachusetts, Wisconsin, and Texas, bring specialized planning expertise and regional client relationships as Beacon Pointe continues scaling its collaborative advisory platform. The firm operates with 750+ team members across more than 90 offices nationwide.
→ Beacon Pointe acquired three RIAs—Financial Planning Solutions ($350M), Voyager Wealth Management ($229M), and InvestmentHunter Wealth Services ($153M).
→ The deals expand Beacon Pointe’s presence across Massachusetts, Wisconsin, and Texas, strengthening its national footprint.
→ Each firm brings planning-led advisory models focused on retirement strategy, financial planning, and long-term client relationships.
→ Following the acquisitions, Beacon Pointe now oversees ~$62B in assets under advisement.
View Beacon Pointe Advisors in FINTRX
Waverly Advisors Acquires Pure Portfolios
Waverly Advisors has acquired Pure Portfolios, a Lake Oswego, Oregon–based wealth management firm managing approximately $437 million in client assets. The deal expands Waverly’s presence in Oregon and strengthens its footprint across the Pacific Northwest as the firm continues executing its national growth strategy. The acquisition marks Waverly’s 30th transaction since receiving investment from Wealth Partners Capital Group and HGGC in 2021.
→ Pure Portfolios, managing ~$437M in client assets, has been acquired by Waverly Advisors.
→ The deal expands Waverly’s footprint into Oregon and the broader Pacific Northwest.
→ Founder Nik Schuurmans and CFO Toby Weber will join Waverly as partners and wealth advisors.
→ Waverly manages approximately $30.6B in client assets across 46 offices nationwide.
View Waverly Advisors in FINTRX
EP Wealth Advisors Continues Southwest Expansion with Acquisition of LongView Asset Management
EP Wealth Advisors has partnered with LongView Asset Management, a Santa Fe, New Mexico–based RIA overseeing more than $390 million in client assets. The partnership expands EP Wealth’s presence in the Southwest while adding a sustainability-focused advisory team known for its commitment to responsible investing and community engagement. Founded in 2002, LongView will gain access to EP Wealth’s expanded planning resources, including tax, estate, and legacy planning, while maintaining its client-first culture.
→ EP Wealth Advisors partnered with LongView Asset Management, a Santa Fe–based RIA managing $390M+ in client assets.
→ Founder David Cantor will join EP Wealth as Senior Vice President, alongside seven members of the LongView team.
→ LongView is New Mexico’s first financial services firm certified as a B Corporation, reflecting its sustainability-driven investment approach.
→ EP Wealth manages more than $42.2B in client assets across 64 offices in 23 states.
View EP Wealth Advisors in FINTRX
Bluespring Wealth Partners Welcomes $2.3 Billion SHP Financial
Bluespring Wealth Partners has acquired SHP Financial, a Massachusetts-based financial planning firm overseeing roughly $2.3 billion in client assets. Founded in 2003, SHP operates from offices in Plymouth, Woburn, and Hyannis and serves mass-affluent and high-net-worth clients with a planning-focused approach. The transaction continues Bluespring’s strategy of partnering with growth-oriented advisory firms. The deal follows Bluespring’s acquisition of firms totaling $6B+ in assets during 2025, signaling continued expansion in 2026.
→ SHP Financial, managing ~$2.3B in client assets, has been acquired by Bluespring Wealth Partners.
→ The firm was founded in 2003 by Derek Gregoire, Matthew Peck, and Keith Ellis Jr., who remain active leaders in the business.
→ SHP operates with ~50 team members, including seven producing advisors, across three Massachusetts offices.
→ The firm is known for its SHP Retirement Road Map®, a structured retirement planning framework for clients.
MAI Expands Into West Virginia With $750M RIA Acquisition
MAI Capital Management has agreed to acquire LOC Investment Advisors, a $759 million fee-only RIA and the longest-running independent advisory firm in West Virginia. Founded in 1981, the firm serves more than 800 households across 30 states from offices in Hurricane, West Virginia, and Jupiter, Florida. The deal expands MAI’s presence in both West Virginia and Florida while continuing the firm’s aggressive acquisition strategy.
→ LOC Investment Advisors, managing $759M in client assets, will be acquired by MAI Capital Management.
→ Managing Director Sean Mayberry will become Senior Wealth Advisor & Team Leader, while founders Robert O’Dell and David Lanham remain involved during succession planning.
→ The acquisition marks MAI’s 20th deal since the start of 2024, highlighting its rapid expansion strategy.
→ MAI manages or advises $72.6B in assets, operates 40 offices nationwide, and employs 675+ professionals.
View MAI Capital Management in FINTRX
New Firm Launch
$1.3B AUM Hampton Bluff Goes Independent With Elevation Point Support
→ Hampton Bluff Capital Partners, managing ~$1.3B in client assets, launched as an independent firm after breaking away from UBS Private Wealth Management.
→ The firm is led by co-founders Krunch Kloberdanz and Justin Runager, who previously operated as Odyssey Wealth Management within UBS.
→ Elevation Point has now invested in independent firms overseeing ~$13.2B in assets, continuing its push to support breakaway advisor teams.
Want full access to detailed profiles on these firms and more? Schedule a demo of FINTRX today.
Written by: Renae Hatcher |
March 11, 2026
Renae Hatcher is a member of the marketing team at FINTRX - focused on delivering targeted & relevant family office and registered investment advisor content to our subscribers.
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