Wells Fargo team with $1 billion jumps to RIA

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.