A Wells Fargo $180 million team starts an RIA

Three-person Guardian Financial Partners is based in Orange, Calif.
MAY 24, 2017

A three-person team managing $180 million in client assets at Wells Fargo Advisors in Orange, Calif., has broken away and formed a registered investment advisory firm. The firm, Guardian Financial Partners, is headed by Patrick C. Guinet and the firm's other founding partners, Hung Nguyen and Casey Bartels. It practiced as the Guinet & Nguyen Wealth Advisory Group at Wells Fargo. ​ "We did not come to this decision lightly or without extensive research," said Mr. Guinet in a press release. "The wealth management industry has changed immensely over the years and it was becoming ever more difficult for us to serve our clients as true fiduciaries under a broker/dealer model." Mr. Guinet began his securities career at Kidder Peabody in 1986, and in 1994 moved to Prudential Securities, a predecessor firm of Wells Fargo. Mr. Nguyen started his career at Prudential Securities in 1997 and began working with Mr. Guinet in 1999. Mr. Bartels, who began his securities career at Wells Fargo in 2007, joined the two in 2008. The firm will use Schwab as its custodian.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management