Advisers managing $1.7 billion move to Noyes from Wells Fargo

Advisers managing $1.7 billion move to Noyes from Wells Fargo
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
NOV 09, 2016
A team of financial advisers managing $1.7 billion in client assets has joined Noyes' wealth management group from Wells Fargo Advisors. Cooke Financial Group, led by advisers John Chris Cooke (who goes by his middle name) and Brian F. Cooke, is based in Indianapolis. The group provides financial planning and wealth management services to high-net-worth individuals and families, not-for-profit organizations, institutional clients, retirement plans and trusts. Besides the advisers, the team consists of accountants, attorneys, institutional portfolio managers and investment management analysts. (More: See all the latest moves in the InvestmentNews Advisers on the Move database) Both Chris and Brian Cooke will be joining Noyes as partners, as part of the firm's strategic plan to expand. “The partnership will primarily empower Cooke to do more for their clients and concurrently attain a series of key strategic goals,” said L.H. Bayley, chairman of the Noyes board of directors. “These include expanding family-office capabilities, offering clients additional investment opportunities leveraging Noyes Capital Markets' capabilities and expertise, while boosting growth by acquiring firms or teams with complimentary offerings.” The move follows a trend of wirehouse advisers leaving to launch their independent practices. Mark Damer, president and CEO of Noyes, said Noyes' recruiting efforts are attracting "wirehouse refugees and independent advisers alike." According to Chris Cooke's BrokerCheck profile, he began his career with Prudential Securities Inc. in 1991 before joining Wells Fargo Advisors in 2003. Brian F. Cooke followed a similar trajectory, starting at Prudential Securities in 1992 before joining Wells Fargo Advisors in 2003, his BrokerCheck profile shows. Noyes was founded in 1908 and is a full-service investment firm based in Chicago, with seven offices around Illinois, Indiana and Michigan. The firm is employee-owned.

Latest News

Merrill to pay $39 million in cash sweep settlement
Merrill to pay $39 million in cash sweep settlement

The financial advice industry has been facing inquiries into its cash sweep programs for years now.

SEC accuses fund advisor of defrauding SpaceX, OpenAI investors
SEC accuses fund advisor of defrauding SpaceX, OpenAI investors

Investor money allegedly went to strip clubs, exotic cars, and landscaping

RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey
RIA moves: Savant enters Thousand Oaks as Procyon lands in New Jersey

Procyon adds $415 million in assets under management in New Jersey while Savant picks up a $213 million Southern California planning firm

Beyond sell or inherit: A third exit for appreciated property
Beyond sell or inherit: A third exit for appreciated property

With a growing number of real estate-rich Baby Boomers aging into retirement, some advisors may be failing to consider all the options available for those clients' assets.

AI marketing adoption gap costs financial firms revenue
AI marketing adoption gap costs financial firms revenue

Cornerstone Advisors study reveals compliance bottlenecks stall campaigns weeks after customer opportunities close.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains