The second week of October has brought with it a burst of advisor movements spanning the RIA and broker-dealer channels, with a veteran Raymond James advisor starting his next chapter with a Dynasty Partner firm while RayJay's independent advisor channel announces additions from Equitable and Ameriprise.
TritonPoint Partners, a firm supported by the Dynasty Financial Partners, has brought on Greg Powers as partner and managing director, marking an expansion into Scottsdale, Arizona, and San Diego, California.
Powers, who oversees about $280 million in client assets, joins the advisor-owned firm with more than 20 years of experience in wealth management and private markets.
He arrives at TritonPoint Partners from Raymond James with previous experience at Wells Fargo, according to his investment advisor disclosure record with the SEC.
According to TritonPoint Partners CEO Harold Hughes cited Powers' “deep expertise across wealth planning and investment management, [which] complements our vision for delivering a distinctive client experience.”
Powers highlighted the firm’s ownership model and independent structure as key factors in his decision, saying he felt aligned with TritonPoint’s “commitment to partnership and shared leadership.”
Powers also pointed to TritonPoint’s access to private markets and its operational resources, noting that “having an in-house CIO and analyst team gives us the ability to design client portfolios with precision.”
Launched in February, TritonPoint Partners is a Washington, DC-area platform firm offering support for advisors seeking long-term success. It is tied to TritonPoint Wealth, another Dynasty affiliate led by a former Goldman Sachs who broke away in January.
Meanwhile, Raymond James Financial Services on Tuesday welcomed an 11-person advisor team with Southwest Wealth Strategies, which previously managed more than $850 million in client assets at Equitable Advisors.
Based in Scottsdale, with offices in Las Vegas, Albuquerque and Bozeman, the group is led by managing partner John Arnold and several senior partners with a combined century of industry experience.
Arnold said the firm’s “advanced technology, expanded client services and advisor-first culture” were decisive factors in the move, adding that Raymond James was the right fit to support the team’s growth as an independent practice.
RJFS has also added The Bencomo Group in El Paso, Texas. Advisors Raul Bencomo Jr. and Omar Chavez, who previously managed about $180 million in assets at Ameriprise, cited the firm’s culture and private wealth capabilities as reasons for joining.
Bencomo said the move would allow him to “deliver the level of service and planning my clients deserve while continuing to grow in a way that reflects my values.”
Raymond James' moves in the Sun Belt states come hot on the heels of its adding a former Osaic advisor in South Carolina.
On Tuesday, LPL also announced the addition of Flowers-Bradley Wealth Management to its Linsco channel.
Advisors Justin Flowers and Wally Bradley, who previously worked at Truist and have nearly 40 years of combined experience, reported serving approximately $320 million in advisory, brokerage and retirement plan assets.
Based in the Atlanta metro area, the team said they were drawn to LPL’s scale and support, as well as the autonomy offered by the Linsco model.
“There’s value in putting clients first,” Flowers said, emphasizing the team’s approach to tailored solutions. Bradley added that the transition would help them offer “more resources and value to our clients,” with LPL’s support system providing greater opportunities for growth – a practice management priority that LPL hasn't been shy to lean into.
Drawing from data-driven internal research, LPL's inaugural Advisor Growth Study highlighted the importance of establishing a strong foundation, segmenting clients strategically, offering high-engagement services, and focusing on new client acquisition.
“In today’s advisory landscape, growth is no longer a luxury, it’s a necessity” said Kraleigh Woodford, executive vice president of growth strategy and enablement. “As the demand for advice continues to build, advisors and institutions will need tools and solutions that help them scale and grow on their terms."
(Correction: A previous version of this story outlined Greg Powers' professional history based on the record of another advisor with a similar name.)
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Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
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