A team of eight wealth management professionals has joined D.A. Davidson & Co. in North Carolina.
With a collective AUM of $1 billion, the team was formerly affiliated with Truist and includes senior vice presidents, financial advisors, and portfolio managers, Andy Vestal and Matt Bryant.
Vestal has more than 30 years of experience in the industry as a CPA and senior trust advisor, while Bryant has almost 20 years in financial services.
“We are pleased to welcome Andy and the team to D.A. Davidson,” said Randy Domikis, senior vice president, market director and branch manager at D.A. Davidson. “Their experience and values are aligned with our firm, and we look forward to continuing to serve clients in this region.”
Headquartered in Great Falls, Montana, D.A Davidson Wealth Management has been operating for 87 years and currently has 829 professionals across 84 locations.
Operating as the Vestal Financial Group, Financial Advisors with D.A. Davidson & Co., the new team’s office in Wilmington becomes Davidson’s fourth in North Carolina following Charlotte, Greensboro, and Winston-Salem, all of which opened last year including a $456 million team who also switched from Truist to launch High Meadows Wealth Management group across two offices.
D.A Davidson also picked up a $446 million team in South Carolina last year.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Wellington explores how multi strategy hedge funds may enhance diversification
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
