A team of advisors that managed almost $1.5 billion in assets at Merrill Lynch is joining Sanctuary Wealth, an Indianapolis-based aggregator, Sanctuary announced Friday.
The team, which will operate as Chappell Wealth Management in The Woodlands, Texas, includes Brent Chappell, Brad Chappell, Michael Mills and Spencer Carlson.
They’re joined in the move by three staff members: Chel Larkin, Jaymie Wendt and Brianna Warren.
Brent Chappell, a founder and managing director of Chappell Wealth Management, had been affiliated with Merrill since 2003, according to his BrokerCheck report. Brad Chappell, also a founder and managing director, was affiliated with Merrill since 2006.
Michael Mills joined Merrill since 2013 and earlier worked for a real estate private equity company. Spencer Carlson was a pension actuary before joining the Chappell team at Merrill in 2014.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
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