Two growing wealth management firms have bolstered their advisor ranks with sizable asset additions, highlighting the continued competition for experienced advisors pursuing new platforms.
DayMark Wealth Partners has recruited a four-person breakaway team from Morgan Stanley that previously oversaw approximately $820 million in client assets.
The group — Rex Mack, Patrick Petsche, Vince Costanzo and Anthony Constanzo — joins the firm's Pepper Pike, Ohio office and focuses on multigenerational wealth planning, including strategies tied to family relationships and legacy objectives.
The move adds to DayMark's rapid expansion since its launch in 2022. The Cincinnati-based registered investment advisor reported growth from $1.4 billion in assets at inception to more than $5 billion at the end of 2025 with the latest acquisition taking it above the $6 billion mark. The firm also attracted a minority investment from Constellation Wealth Capital late last year.
“We are thrilled to welcome Rex, Patrick, Vince, Anthony and their entire team to DayMark,” said Mike Quin, Co-Founder of DayMark Wealth Partners. “They bring meaningful experience in family planning and a client-first mindset that aligns perfectly with our mission and commitment to client service.”
DayMark is affiliated with the Dynasty Financial Partners network, whose founder and chief executive highlighted the significance of the latest addition.
“We could not be prouder to support the continued growth of our partners at DayMark,” said Shirl Penney, Founder and Chief Executive Officer of Dynasty. “This team’s addition speaks to the exceptional talent DayMark continues to attract. Their focus on welcoming and empowering elite advisors as they grow is evident in the strength of this newest group.”
Meanwhile, Perennial Financial Services announced the recruitment of Mike Russell, CFP, from Edward Jones. Before making the transition, Russell served roughly $640 million in advisory, brokerage and retirement-plan assets.
“Having worked with Mike previously, I knew he embodied the qualities we look for in an advisor,” said Betty Chin, Perennial's chief growth officer. “We are intentional about who we partner with, and Mike’s integrity, leadership, and client-first mindset make him a natural fit.”
Senior Managing Director John B. Petrick said Russell reflects the type of advisor the platform is built to support.
“Mike represents the caliber of advisor our platform is designed to support. His track record, professionalism, and commitment to his clients make him strongly aligned culturally with who we are as a firm. We are excited to welcome him to our family of advisors.”
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
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A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
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