&Partners has added two advisory practices, pushing its aggregate prehire assets past $54 billion. The firm now counts 114 advisor teams in its network since its 2023 launch. The additions include a $590 million practice from Wells Fargo and a $115 million team from Edward Jones.
The larger of the two, 1796 Private Wealth, joins from Wells Fargo with $590 million in prehire assets. Based in Westlake, Ohio, the practice is led by founders Clint Rickett and Dennis Champa, who holds the title of managing director. The team also includes client service director Lisa Schumacher and senior client relationship manager Megan Barnes.
The second addition, Nemec Wealth Advisors, brings $115 million in prehire assets from Edward Jones. The firm is headquartered in Lake Suzy, Florida, and was founded by Nicholas M. Nemec. Supporting him are practice director John Ramirez and senior client services associate Heather Lonski.
&Partners has grown rapidly since its inception, attracting over 100 practices from large brokerages including Wells Fargo, Edward Jones, UBS, and Merrill Lynch by October. The firm’s model appeals to advisors seeking independence while retaining access to institutional resources. For more on recent moves, see LPL Financial Recruits UBS Veteran with $250M; &Partners Adds Three Teams Totaling $1.6B.
Sanctuary Wealth has added Iron North Private Wealth, a former UBS team managing $350 million in client assets. The move marks Sanctuary’s first partner location in Idaho, with the firm headquartered in Coeur d’Alene. The practice was founded by Brad Desormeaux, who serves as CEO, and Abigail Allsup, who serves as president.
Desormeaux brings 18 years of wealth management experience, having joined UBS in 2008. He has been named to the Forbes Best-in-State Wealth Advisors list each year since 2021. He is also a veteran of the Iraq War and served 12 years in the US Air Force. Allsup has more than 12 years in financial services and joined UBS in 2015. Wealth associate Shelly Johnson, with 37 years of industry experience, is also joining the practice. Iron North serves individuals, families, college and professional athletes, and institutional clients.
Vince Fertitta, president of Sanctuary Wealth, said going independent “expands the [Iron North team’s] solution set, gives them more room to grow, provides additional control over how they serve clients and unlocks the asset they’ve worked so hard to build.” Desormeaux noted the team conducted extensive due diligence before selecting Sanctuary, citing the firm’s understanding of their business and vision.
The AmeriFlex Group has announced the national rollout of SuccessionFully, a succession planning platform designed to consolidate what has traditionally been a fragmented, multi-vendor process into a single system for advisors. The platform combines deal structuring, marketplace access, and continuity planning. According to the firm, many succession plans fail not in design but in execution, stalling during transitions when incentives fall out of alignment or continuity arrangements are absent.
AmeriFlex said SuccessionFully is aimed at both advisors seeking partial liquidity now and those planning a full transition over a longer horizon. Among its features is a partial liquidity option through SuccessionFlex, which allows advisors to monetize up to 49% of current revenue without exiting their practice. The platform also offers continuity agreements that activate on day one, addressing unplanned circumstances that could disrupt client services or an advisor’s income. Thomas Goodson, founder and CEO of AmeriFlex, stated that “too many succession plans hold together on paper but break down when it’s time to execute,” highlighting the need for “a process that works [for advisors] when it matters most and isn’t influenced by competing interests.” For more on succession trends, see Oxford Financial Group Bolsters Cincinnati Office with Two Managing Directors; SageSpring Adds Five Equity Partners.
