&Partners has added two more practices to its network, bringing it to 114 advisor teams and approximately $54 billion in prehire assets.
The first, 1796 Private Wealth, joins from Wells Fargo with $590 million in prehire assets. The practice is based in Westlake, Ohio, and is led by founders Clint Rickett and Dennis Champa, a managing director. The team also includes Lisa Schumacher, client service director, and Megan Barnes, senior client relationship manager.
The second addition, Nemec Wealth Advisors, brings $115 million in prehire assets from Edward Jones. The firm is based in Lake Suzy, Florida, and was founded by Nicholas M. Nemec. It is supported by John Ramirez, practice director, and Heather Lonski, senior client services associate.
&Partners has grown at breakneck speed since its 2023 launch. By October, it had successfully lured over 100 practices from large brokerages and wirehouses including Wells Fargo, Edward Jones, UBS, and Merrill Lynch.
Sanctuary Wealth added Iron North Private Wealth, a former UBS team managing $350 million in client assets, marking the firm's first partner location in Idaho. Iron North will be headquartered in Coeur d'Alene.
The firm was founded by Brad Desormeaux, who serves as CEO, and Abigail Allsup, who serves as president.
With 18 years of wealth management experience, Desormeaux joined UBS in 2008, and has appeared on the Forbes Best-in-State Wealth Advisors list each year since 2021. He is also a veteran of the Iraq War and served 12 years in the US Air Force.
Allsup has more than 12 years in financial services and joined UBS in 2015.
Wealth associate Shelly Johnson, who brings 37 years of industry experience, is also joining the practice.
Iron North offers wealth and investment management services to a diverse clientele that includes individuals, families, college and professional athletes, and institutional clients.
Vince Fertitta, president of Sanctuary Wealth, said that going independent "expands the [Iron North team's] solution set, gives them more room to grow, provides additional control over how they serve clients and unlocks the asset they've worked so hard to build."
Desormeaux said the team conducted extensive due diligence before choosing Sanctuary, ultimately deciding on the firm because it "understood our business, our vision and the kind of support we needed to grow."
The AmeriFlex Group announced the national rollout of SuccessionFully, a succession planning platform designed to consolidate what has traditionally been a fragmented, multi-vendor process into a single system for advisors.
The platform combines deal structuring, marketplace access, and continuity planning. According to the firm, many succession plans fail not in design but in execution – stalling during transitions when incentives fall out of alignment or continuity arrangements are absent.
AmeriFlex said SuccessionFully is aimed at both advisors seeking partial liquidity now and those planning a full transition over a longer horizon.
Among the platform's features is a partial liquidity option through SuccessionFlex, which allows advisors to monetize up to 49% of current revenue without exiting their practice. The platform also offers continuity agreements that activate on day one, addressing unplanned circumstances that could disrupt client services or an advisor's income.
Thomas Goodson, founder and CEO of AmeriFlex, stated that "too many succession plans hold together on paper but break down when it's time to execute," highlighting the need for "a process that works [for advisors] when it matters most and isn't influenced by competing interests."
Jesse Kurrasch, the firm's chief operating officer, said that revenue, client relationships, and successor readiness "must evolve in concert with the others to lay the foundation for a smooth transition."
The rollout follows AmeriFlex's previously disclosed minority investment from Cambridge Investment Research in January.
AmeriFlex said it plans to expand SuccessionFully through additional advisor partnerships and regional integrations throughout 2026.
Correction: An earlier version of this article incorrectly stated Nemec Wealth Advisors location as Lazy Suzan, Florida. The team is actually in Lake Suzy. We regret the error.
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