Following the Memorial Day weekend, Twenty Four Wealth, an affiliate firm of Stratos Wealth Partners, and LPL Financial have each announced new advisor additions, expanding their networks on opposite sides of the US.
On Tuesday, Twenty Four Wealth announced it has appointed Chiraag Kirpalani as a wealth manager. The move expands the firm’s team as it continues to serve clients across offices in Darien, New York City, Bedford, New Hampshire, and Palm Beach Gardens, Florida.
Based in Connecticut, Kirpalani joins with a background that spans both global business and US wealth management. He began his career in Merrill Lynch’s international advisory group before relocating to the firm’s Manhasset, New York office. He later played a leadership role at his family’s commodity trading firm, overseeing operations in six countries.
Before joining Twenty Four Wealth, Kirpalani co-managed over $300 million in assets at a Greenwich, Connecticut-based wealth management firm, serving more than 330 clients.
According to his IAPD record with the SEC, Kirpalani was most recently affiliated with Kovitz Investment Group Partners, a large RIA within Focus Financial Partners network, from June last year to this past March.
Prior to that, he was registered with Connectus Wealth Advisers, whose US business was acquired and split last June between Kovitz and The Colony Group, another Focus RIA firm.
“[Kirpalani's] respected expertise, integrity, and dedication to client success make him a valuable addition to our team,” Anthony Truino, founder and chief executive of Twenty Four Wealth, said in a statement Monday.
Truino launched Twenty Four Wealth when he broke away from Mass Mutual in 2020, along with his co-founders Michael J. Carbino and John Dougherty, as well as adviser Christopher Zapata.
Earlier this year in March, Twenty Four Wealth extended its national footprint by acquiring Alpha Beta Gamma Wealth Management, pushing its AUM to $1.1 billion while planting its first stake in Florida. In February last year, it snapped up the wealth management business of Bedford, New Hampshire-based Raymond Noel & Associates, adding nearly $150 million in advisory assets in the process.
Stratos Wealth Partners, which supports more than 275 affiliated advisors, manages $13.4 billion in advisory assets and advises on an additional $9.6 billion in brokerage and third-party managed assets via LPL Financial, according to the firm’s year-end disclosures.
Separately on Tuesday, LPL Financial said Colin Beamish has joined its employee advisor channel, Linsco by LPL Financial, to launch Beamish Wealth Management. Beamish, based in San Diego, reported overseeing approximately $445 million in advisory, brokerage, and retirement plan assets. He moves to LPL from City National Securities, a subsidiary of RBC.
Beamish brings more than 19 years of experience to his new role. Prior to entering the financial sector, he worked in the professional sports industry with the Florida Panthers and Los Angeles Avengers. His current practice emphasizes client education and comprehensive planning strategies.
“Fiscal education is important to me, and I believe in taking the time to help clients understand the wealth management process,” Beamish said.
Prior to Beamish, LPL welcomed a $600 million UBS team in March to join its Linsco channel advisor in Tennessee.
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