A Dallas-based advisor team that managed $587M with Wells Fargo has gone independent with Raymond James, according to a news release.
Advisors David A. McBee Jr., Michael M. Mikeska, Michael Peschel and Brittany D. Smith have chosen Raymond James Financial Services as broker-dealer, according to the news release from Raymond James.
The advisors were formerly with Wells Fargo Advisors, where they managed about $587 million in client assets and had $385 million in institutional assets under advisement.
Upon joining Raymond James, they founded Wealth Partners Alliance, based in Dallas, with financial advisors John Saalfield and Rick Lima, who joined Raymond James from UBS in February, according to the release.
The firm offers strategic wealth planning; investment management; estate planning; institutional retirement consulting services; cash management strategies; and banking and lending services through Raymond James Bank NA, according to the Wealth Partners Alliance website.
“While many firms offer technology tools, Raymond James’ platform truly puts the advisor and our relationship with our clients at the very center of it all,” McBee said in a prepared statement.
McBee serves as the firm’s wealth advisor. Prior to co-founding Wealth Partners Alliance, McBee worked for more than 21 years as financial advisor and managing director – investments at Wells Fargo. He earned a bachelor of business administration in marketing/management from Texas Tech University.
Mikeska serves as the firm’s chief investment strategist, overseeing its allocation platform. He has 28 years of experience, most recently at Wells Fargo.
Peschel serves as a wealth advisor,. He has more than 22 years of experience as managing director of the Mikeska Peschel McBee Group of Wells Fargo Advisors.
Smith is responsible for the firm’s institutional business, as well as development of strategic partner relations and new business opportunities. She has more than seven years of financial services experience at Wells Fargo.