Advisors Jason Stephens and Mic Lundon have left UBS with about $2.4 billion in client assets to launch Evertern Wealth, a Florida-based RIA focused on providing family office services to high-net-worth clients.
RIA technology provider and investment bank Dynasty Financial Partners is supporting Evertern in their move to go independent, while client assets will be held at Goldman Sachs Custody Solutions. Evertern staffs a 10-person team to offer estate and tax planning, charitable planning, access to banking and lending services, private markets and alternative investments to family clients that span multiple generations.
“A little over 80% of our clients we have second generation households with, and third-generation households we have a little over 65%,” Stephens told InvestmentNews. “So we're working with not only the patriarch or matriarch, but also their adult children, grandchildren, and in a few cases great grandchildren.”
Stephens added that the “the focus of Goldman really aligns with our high-net-worth clientele,” and Dynasty will provide Evertern with access to private market and alternative investment opportunities. He added that Evertern is working with a number of technology vendors, citing financial planning software Black Diamond and estate planning software Vanillia, as well as Evertern's proprietary software for Florida domicile and tax analysis for families considering relocating from other states.
Stephens had been with UBS since 2007. About $9 billion in advisor assets left UBS in Q3 2025, showcasing the industry’s continued shift away from wirehouses while the RIA model gains ground. Elevation Point, an RIA minority investor positioned similarly to Dynasty, backed the $2.5 billion Family Office Partners and $1.4 billion Loxahatchee Capital teams in their breakaway moves from UBS last year before going independent.
“Some of the larger wirehouses are a little more siloed in their approach; they're trying to cater to 5,000 or 10,000 or 20,000 advisors when we're all unique in our own respects,” said Stephens. “Now we're able to have tailored planning software, tailored reporting software that's very sophisticated for our clientele, and then also investment offerings that are just tailored to the individuals.”
Wirehouse departures have triggered recent lawsuits. UBS filed suit against Loxahatchee Capital for breach of contract in their move to Elevation Point, while Dynasty remains part of an ongoing lawsuit from Merrill Lynch over the departure of OpenArc.
Evertern is based in Naples, Florida, with an additional office in Sarasota. The firm aims to expand into Palm Beach and other locations on Florida's East Coast, with an eye towards M&A with advisory teams from the Northeast and Midwest whose clients are migrating to states without income taxes like Florida.
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