Triad Advisors LLC of Atlanta has tapped a Wells Fargo team from Pennsylvania for its platform supporting independent hybrid financial advisory practices and RIAs.
Triad has struck a deal with Stonebridge Financial Group, a firm with approximately $850 million in total advisory and brokerage client assets.
Stonebridge, founded in 2002, has offices in Wormleysburg and Gettysburg. The firm provides comprehensive wealth management services to corporate clients, families, business owners and institutions that include asset management, life and long-term-care insurance, retirement income strategies and estate planning.
According to Michael C. Bryan, chief executive officer of Triad Hybrid Solutions, Stonebridge will now have access to possibilities that were largely unavailable to the practice before “like our trust services, annuities and syndicate offerings,” he said. Triad is a wholly owned subsidiary of Ladenburg Thalmann Financial Services.
Brian McCarver and Jon Freeman, co-directors of Stonebridge, were enthusiastic about the pairing of the two firms.
Freeman said, “We wanted to find a partner that would help us offer our clients better technology and flexible fee structures within a multi-custodial approach, and who could further strengthen our practice’s efficiency.”
McCarver said that the move would strengthen his firm’s regional presence by establishing additional office locations through the resources of Triad and Ladenburg.
“We now see a clear path for how we can achieve that goal,” he said.
Wells Fargo has suffered a number of advisor team defections after a scandal rocked its banking unit in 2016, and it has suffered continuous bad headlines about its creation of fraudulent savings and checking accounts.