Former wirehouse advisor Gordon Reynolds has launched Ridgeway Private Wealth, a Tucson, Ariz.-based independent firm with $150 million in assets under management, by joining Kestra Private Wealth Services LLC, a subsidiary of Kestra Financial Inc., according to a news release.
Reynolds, who specializes in advising high-net-worth individuals, families and entrepreneurs, was formerly affiliated with Wells Fargo Bank in its Investment and Fiduciary Services group, where he managed approximately $625 million in client assets, Kestra said in the release.
Reynolds added that he decided to go independent because of frequent changes made to his compensation plan and the account minimums clients were required to have to work with him. He said that switching affiliations to Kestra would benefit his clientele by minimizing their after-tax expenses and allowing them to meet their investment goals and objectives.
Headquartered in Austin, Texas, Kestra Private Wealth Services is a hybrid RIA supporting fee- and transaction-based independent financial professional teams nationwide.