Two expanding registered investment advisors have strengthened their advisor rosters with significant asset inflows, underscoring the intensifying battle for experienced talent seeking new platforms.
DayMark Wealth Partners, based in Cincinnati, has recruited a four-person breakaway team from Morgan Stanley that managed roughly $820 million in client assets. The group—comprising Rex Mack, Patrick Petsche, Vince Costanzo, and Anthony Constanzo—will operate from DayMark's Pepper Pike, Ohio office. They specialize in multigenerational wealth planning, focusing on strategies tied to family dynamics and legacy goals.
This hire accelerates DayMark's growth trajectory since its 2022 launch. The firm reported assets under management rising from $1.4 billion at inception to over $5 billion by the end of 2025, and with this addition, it now exceeds $6 billion. Late last year, DayMark secured a minority investment from Constellation Wealth Capital. The firm is affiliated with the Dynasty Financial Partners network, whose CEO, Shirl Penney, highlighted the significance of the new team: “We could not be prouder to support the continued growth of our partners at DayMark. This team’s addition speaks to the exceptional talent DayMark continues to attract.”
DayMark co-founder Mike Quin welcomed the new advisors, stating, “They bring meaningful experience in family planning and a client-first mindset that aligns perfectly with our mission.” The move reflects a broader trend of advisors leaving wirehouses for independent models, as seen in recent moves like JPMorgan nabbing a $1.1B team from William Blair.
Meanwhile, Perennial Financial Services announced the recruitment of Mike Russell, a certified financial planner, from Edward Jones. Before transitioning, Russell oversaw approximately $640 million in advisory, brokerage, and retirement-plan assets. Betty Chin, Perennial's chief growth officer, noted, “Having worked with Mike previously, I knew he embodied the qualities we look for in an advisor. We are intentional about who we partner with, and Mike’s integrity, leadership, and client-first mindset make him a natural fit.” Senior Managing Director John B. Petrick added that Russell exemplifies the type of advisor the platform is designed to support.
These hires come amid a wave of advisor movement, with firms like Lido Advisors adding a $1B Tulsa RIA and Integrated Partners landing an $850M Boston firm. The competition for talent remains fierce as RIAs and independent platforms lure advisors from traditional broker-dealers and wirehouses.
DayMark's rapid expansion—from $1.4B to over $6B in just three years—highlights the appeal of the independent RIA model, especially for advisors focused on comprehensive wealth planning. The firm's affiliation with Dynasty Financial Partners provides access to a network of like-minded firms and resources.
For Perennial, the addition of Russell strengthens its presence in the retirement-plan space, a growing focus for many advisors. The firm's intentional approach to recruiting aligns with broader industry trends where platforms seek advisors with specific expertise and client-centric philosophies.
