&Partners Recruits $838 Million Wells Fargo Team as 123rd Practice Nears $60 Billion
Updated
Updated · InvestmentNews · Sep 1
&Partners Recruits $838 Million Wells Fargo Team as 123rd Practice Nears $60 Billion
3 articles · Updated · InvestmentNews · Sep 1
Summary
Crown Legacy Wealth, a Bellevue, Washington practice with $838 million in prehire assets, joined &Partners from Wells Fargo as the firm's 123rd advisor practice.
&Partners has built one of the year's fastest recruiting runs in independent wealth, nearing $60 billion in assets by late July after adding a $524 million Raymond James team and three teams with $1.6 billion in June.
The Bellevue group is led by Thomas Faley and Jason Eckerman, joined by Jeni Gonzales, Ali Boop-Nilsen and Sean Price, and centers its client model on a G.O.L.D. service framework.
The move also reflects broader advisor churn: Wells Fargo is trying to reverse years of losses even as hybrid RIAs like &Partners benefit from captive advisors shifting to the independent channel.