Equitable Advisors welcomes $326M advisor pair from Truist

Equitable Advisors welcomes $326M advisor pair from Truist
Based in Virginia, the veteran advisors each bring over 20 years of experience as they join the wealth management giant.
JUN 12, 2024

Equitable Advisors has expanded its reach in Virginia with the addition of two veteran advisors from Truist.

The advisory unit of financial services giant Equitable revealed Wednesday that it has welcomed Lori Brown and Jim Carroll to its wealth management business.

Brown and Carroll, who lead the Roanoke, Virginia-based practice Star City Private Wealth, each bring over twenty years of experience in financial services, retirement planning, and investment management to their clientele of individuals, families, and businesses.

The duo, previously affiliated with Truist, reported managing a portfolio worth $326 million at their former firm. They chose to shift to Equitable Advisors to leverage its extensive resources and capabilities, which they believe will help as they further develop their practice and provide comprehensive financial planning for their clients.

“We take pride in forming strong, long-lasting relationships that help build better lives and communities, as well as becoming our clients’ trusted advisors,” Brown said in a statement.

Brown, a 23-year veteran of the industry, also praised Equitable Advisors’ “platform, capabilities and philosophy [which] align perfectly with our client service model.”

Beyond the ability to scale their business, Carroll, whose industry resume stretches back over two decades, said the move gives them access to comprehensive planning and technology resources, letting them “create even more meaningful connections with our clients and better serve their individual needs.”

Joining Brown and Carroll at Equitable Advisors are financial consultant Madelyn Brown, registered client service associate Michele Page, and client experience manager Sherry Minnix.

The firm, which reported roughly $91 billion in AUA as of March 31 with more than 4,300 advisors from coast to coast, extended its footprint in California in March with a boomerang advisor from Cetera who runs a Mandarin community-focused practice.

Latest News

Despite economic pressures, Americans aren't giving up their summer vacation plans
Despite economic pressures, Americans aren't giving up their summer vacation plans

Survey finds vacation confidence at an all-time high, defying budgetary constraints and ongoing inflation in travel costs.

New Jersey court says restitution and disgorgement can both be used in securities fraud cases 
New Jersey court says restitution and disgorgement can both be used in securities fraud cases 

A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds. 

UBS loses Ocean Capital lawsuit 
UBS loses Ocean Capital lawsuit 

A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.

Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 
Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 

Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.

Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene

The newest advisor-focused AI notetaker arrives with a low-price pitch for enterprises – but is it too little, too late to gain market share?

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.