DayMark Wealth Partners announced today that T. Rodney Twells, Andrew Sikorovsky and Joseph Schmidt have joined the firm as the Compass Group of DayMark Wealth Partners.
The Compass Group team was previously at Wells Fargo Advisors and works with more than $1 billion in client assets, according to a statement by Dynasty Financial Partners, a technology and service platform for financial advisors looking to start their own RIAs. DayMark Wealth Partners uses Dynasty's services, according to the companies.
Cincinnati, Ohio-based Daymark is a registered investment advisor that was formed last year and has $907 million in assets, according to its Form ADV. Six of the founders of Daymark Wealth Partners listed on the firm's website were registered with Wells Fargo until last year.
"Becoming truly independent, teaming with DayMark Wealth Partners and Dynasty Financial Partners allows us to focus directly on serving client needs today and in the future," Twells said in the statement.
Dynasty Financial Partners said this month it was launching an investment bank that’s geared toward supporting merger and acquisition activity in the financial advisory space.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to Devoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.