Steven Carlsen and Sathya Chey, who managed $580 million at Wells Fargo Advisors, have formed a firm, Arise Private Wealth, and affiliated with LPL Financial Services.
The advisers, who were joined in the move by three administrative associates, are using LPL’s service for breakaway brokers. The new firm is located in Rolling Hills, California.
Carlsen has more than 30 years of experience and had been affiliated with Wells Fargo since 2007. Chey has 13 years of experience and joined Wells in 2018.
The 25-year veteran of the industry brings his experience from Raymond James, Invesco and Barclays to the Las Vegas, Nevada-based firm.
The financial industry veteran, supported by a team of wealth advisors, will drive the firm's private banking expansion in Pennsylvania
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