&Partners Poaches More Wells Fargo Teams, Two From Commonwealth

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&Partners, a St. Louis-based hybrid broker/dealer launched by David Kowach, the erstwhile president and CEO of Wells Fargo Advisors, has added 4 advisor practices successful the opening weeks of November.

The additions see 2 from Wells Fargo, a communal breakaway steadfast for &Partners, and 2 from LPL Financial’s Commonwealth Financial Network, which continues to spot defectors up of a implicit exertion integration with the broker/dealer planned for precocious 2026.

The 4 teams managed a combined $1.6 cardinal successful lawsuit assets, contributing to a torrid recruiting gait for &Partners, which included 9 caller practices successful October. The steadfast is reporting it has much than 100 advisor practices successful its broker/dealer web and astir $50 cardinal successful prehire assets, oregon expected assets from clients erstwhile the advisors are afloat integrated into the b/d. 

Kowach and his co-founders, Kristi Mitchem and John Alexander, have stated that they program for &Partners to scope 150 teams and $120 cardinal successful assets implicit the adjacent 3 years.  

The largest squad to articulation successful November is the erstwhile Wells Fargo team, Florham Park Wealth Advisors, which had been overseeing $730 cardinal successful lawsuit assets. 

That squad is located successful Florham Park, N.J., and is led by partners and managing directors Jack Wiener, Michael Donohue Sr., Dennis Hall and Michael Waldron.

The different erstwhile Wells Fargo wirehouse squad is CirclePoint Financial, based successful Mishawaka, Ind. Partners and managing directors Karen Bauman Dodd and David Deahl pb the practice, which oversaw $427 cardinal successful clients.

The 2 Commonwealth teams managed assets of $250 cardinal and $212 million, respectively.

Zinn Wealth Management was the largest of the two. It is based successful Portland, Maine, and led by Partner and Managing Director Jack Zinn, and his son, Partner and Wealth Advisor Jack Zinn III.

Finally, Parsons Financial volition articulation &Partners based successful Cottage Grove and Eugene, Ore.. 

The squad is led by partners and fiscal advisors Matt Parsons, Brandon Parsons and Julia Lindberg.

&Partners uses Fidelity Investments National Financial Services arsenic its superior custodian.