Financial advisors Christopher W. Brown and David A. Miller have launched Brown Miller Wealth Management, a fee-only RIA located in the Washington, D.C. area, according to a news release.
The two partners formerly worked at Wells Fargo Advisors, operating as Brown/Miller Wealth Management Group of Wells Fargo, where they managed $450 million in client assets before launching an independent practice this year.
Brown began his advisory career with A.G. Edwards & Sons in 1993, where he built a wealth management team that Miller joined in 2004. In 2008, they and their team became employees of Wells Fargo through its acquisition of Wachovia Securities, which had acquired A.G. Edwards. The team will now be known as Brown Miller Wealth Management, LLC.
“We realized that the best way to continue to provide a fiduciary standard of care and be able to provide our clients with the best possible investment offerings was to become independent and establish the firm as an RIA,” Brown said in a news release issued earlier this week.
The newly-independent practice has engaged TradePMR for technology and custodial support, while First Clearing, a registered broker-dealer and non-bank affiliate of Wells Fargo & Co., will provide securities execution and brokerage clearance services.
“TradePMR’s award-winning software, ability to integrate with other providers, and high advisor satisfaction ratings are reassuring,” Miller said in the same news release. “Clients were able to seamlessly transition to our new independent firm with only a few signatures. Because we retain the same custodian, account numbers and standing instructions stayed intact, and they remained fully invested.”
As a newly-independent RIA, Brown said that he and Miller would be able to conduct business in a way that was closer to their core mission and values.
“Our objective has always been to help clients achieve their financial goals and to provide a customized, transparent, white gloved experience,” Brown said.