It's been a busy November so far for advisor movements, featuring a new record at Savvy Advisors, a former Northwestern Mutual advisor breaking for independence with Carson, and Raymond James' recruitment drive reaching more breakaways in three key markets.
Savvy Advisors, an RIA affiliated with Savvy Wealth, has brought on three teams from Commonwealth as part of a broader group of 28 advisors who have joined the firm since June.
With these additions, Savvy now counts 100 independent advisors within its platform and approaches $4 billion in assets under management.
The Commonwealth teams include Mosaic Wealth Advisors, led by Edward Wildermuth, Clint Seefeldt, and Steven Meier in Carmel, Indiana, managing $250 million in assets; Horizon Advisory Group, led by Berkely Arrants, Angelique Ayala, and Stephanie Gumm in Houston, with over $108 million in assets; and Atticus Wealth Management, led by Steve Grogan in Macomb, Michigan, overseeing $37 million.
Wildermuth said in the announcement that Savvy’s reputation for fostering independence and providing support made the firm “the perfect match for our team.” He added that the team looks forward to leveraging Savvy’s technology, marketing resources, and multi-custodial platform to enhance client service.
Founder and chief executive Ritik Malhotra said the firm is “preserving the legacy of independence that today’s advisors expect” while emphasizing advisor empowerment and in-house technology.
Carson Group, which manages over $50 billion in assets, has partnered with advisor James Fetters to launch Blueprint Wealth Management in Santa Monica, California.
Fetters, who previously served $170 million in assets at Northwestern Mutual, cited Carson’s advisor-centric culture and collaborative model as key factors in his decision. He noted that joining Carson will allow him to expand his approach with access to tax and estate planning specialists and a broader suite of resources.
“My mission has always been to act in my clients’ best interests and give them more guidance and clarity about their financial lives,” Fetters said. He added that the move to Carson enables him to deliver more thoughtful strategies tailored to each client’s goals.
Raymond James has also kept up its momentum in recruitment into November, adding more advisors to its employee and independent channels..
In New Jersey, Gabor Nagy and Robert Kemper joined Raymond James Financial Services as Mendham Wealth Partners, having previously managed $135 million in assets at Commonwealth. Nagy said the firm’s technology and wealth solutions “empower us to build resilient financial plans and lasting legacies.”
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In Alabama, Kenneth Russell and William Sosebee joined Raymond James & Associates as Providence Wealth Management. Along with senior registered client associate Kim Young, where they oversaw $323 million in assets for a diverse client base of business owners, families, individuals, pre-retirees and clients experiencing sudden wealth..
RJFS also welcomed Gabriel Oxios in Coral Gables, Florida, who arrived after managing over $110 million in assets at Valic. Now operating Ox Wealth Management, Oxios serves a diverse range of clients, including retirees and business owners. Oxios said the firm’s client-first culture and resources align with his standards for investment management and service.
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