A team of seasoned financial advisors managing over $350 million in client assets has launched KRM Investment Counsel, a boutique wealth management firm aligned with Arkadios Capital, the companies announced.
Founded by industry veterans Jim Rapp, Justin Klestinski, June DiNardo and Alex Marmitt, the newly formed KRM Investment Counsel serves more than 40 ultra-high-net-worth families from offices in Chicago, Sarasota, and Naples. The firm joins Arkadios after its departure from Wintrust Wealth Management, a division of Wintrust Bank.
KRM’s decision to align with Arkadios Capital reflects a broader trend among elite financial advisors seeking more autonomy and personalized client service models, a news release highlighted. The move enables KRM to operate independently while leveraging the infrastructure, compliance resources and investment platform of Arkadios, a hybrid independent broker/dealer with over $13 billion in assets under advisement.
“Our clients deserve a wealth management experience that puts them first – not one-size-fits-all portfolios or scalability targets,” said Rapp, co-founder of KRM Investment Counsel. “Arkadios offered us the independence, resources, and support to deliver exactly that. It’s a partner who shares our values and believes in long-term, relationship-driven success.”
Arkadios supports more than 250 financial advisors across 75 offices nationwide and in Puerto Rico. The firm positions itself as a platform for entrepreneurial advisors seeking flexibility without sacrificing high-level service.
“KRM exemplifies the caliber of institutional-quality firms we are proud to support,” said Paul Pilcher, director of strategic partnerships at Arkadios Capital. “Their transition underscores the value of our platform for elite advisors seeking the freedom to tailor solutions and deepen relationships.”
KRM’s founding partners bring a collective 70 years of experience and have backgrounds in institutions such as JP Morgan Private Bank. The firm will focus on providing comprehensive planning and investment management while maintaining a high-touch, boutique culture.
The partnership reflects continued growth in the independent advisory sector as veteran wealth managers seek to escape traditional firm constraints and build more tailored experiences for affluent clients.
According to a report by Cerulli Associates, the independent advisory channel has recorded the largest year-over-year growth in advisor headcount over the past five to ten years. The report highlights that many breakaway advisors cite greater flexibility and improved client service as their primary motivations for leaving traditional firms.
A sort-of double-deal marks Allworth's 42nd acquisition since 2018 as Apella makes its first move in Iowa.
Kestra president John Amore expects to "win our fair share" of Commonwealth advisors, and "particularly those that don't want to be part of a 30,000 advisor firm,” amid their looming sale to LPL Financial.
Advisors can set their practice apart and win more business with a powerful graphic describing their unique business and value proposition.
The fintech pioneer's latest venture, launched with Scott Hanson, Ric Edelman, and other industry luminaries, looks to succeed where he sees AI notetakers failing.
The wirehouse alum is stepping into a newly created role that "combines planning philosophy, tech-enabled advice and human advice."
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
