A Massachusetts-based team overseeing $635 million in advisory assets, a Missouri advisor with $150 million in client assets and a Seattle-based RIA pushing into the Midwest are among the latest moves reshaping the competitive landscape for advisor talent.
Among them, Davis Executive Wealth, led by Timothy Davis, CFP, senior managing partner, has left Steward Partners to join LPL Financial's supported independence model, LPL Strategic Wealth. Based in Norwell outside Boston, the team also includes managing partners Michaelyn Bortolotti and Michael Carilli, plus Edward Neibert and Henry Brown on the client service and operations side.
The practice caters to a national clientele of c-suite executives, entrepreneurs, business owners and high-net-worth families, with concentrated market presence stretching from the East Coast through Houston, Denver and Chicago. Its work centers on complex tax, estate, liquidity and generational planning.
For Davis, the deciding factor was LPL Strategic Wealth's enhanced service infrastructure, which bundles simplified pricing, technology, and a dedicated support team including a business strategist, marketing partner, CFO and administrative assistant, all under a single point of contact.
Marc Cohen, LPL's chief growth officer, described the hire as a strong match for what the model was built to do. "Tim and his team have built a highly disciplined, client-first practice serving complex investors with sophisticated needs," Cohen said. "LPL Strategic Wealth was designed specifically for firms like Davis Executive."
Elsewhere, Raymond James & Associates welcomed Brent Tiemeyer to its employee advisor channel, where he joins the Olive Tree Private Wealth team in St. Louis.
Tiemeyer arrived from Edward Jones, where he managed roughly $150 million in client assets and spent nine of his ten years in the industry.
"Building lasting relationships has always been at the heart of my practice, and I chose Raymond James because that same philosophy is woven into the firm's DNA," said Tiemeyer. "Clients deserve guidance rooted in understanding and supported by impactful resources. Raymond James delivers both through its private-wealth capabilities, research-driven platform and client-first culture."
Meanwhile, Brighton Jones, a Seattle-headquartered RIA with roughly $30 billion in assets under advisement, announced it has opened its first Ohio office, located in the One Chagrin Highlands building in Beachwood, on the eastern edge of Cleveland.
Leading the expansion is Mitchell Kotheimer, a former Senior Financial Planner at Independence Wealth Advisors who has worked with more than 350 families during his career.
In his new role, Kotheimer will serve as a Personal CFO for clients, coordinating investments, tax and estate plans, philanthropic strategies and broader wealth planning under Brighton Jones's values-aligned model.
Mark Jones, Brighton Jones's chief growth officer, pointed to local demand as the driving logic behind the expansion.
"We expect significant growth opportunities in this region, driven by demand for comprehensive wealth planning services, and Mitchell understands how to address these needs for local high-net-worth individuals," Jones said.
Cleveland marks the firm's sixth new office in the past two years and it now operates across 24 cities and maintains an employee-owned structure. The firm is actively seeking advisor talent in Detroit, Fort Lauderdale, Raleigh-Durham, Salt Lake City, San Diego, St. Louis and Stamford as part of its continued organic growth push.
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