Geller & Co. announced the opening of a new South Florida office this week, to meet the firm’s uber-wealthy clients where they are, while rebranding to bring affiliate businesses under a single name and new logo.
Waverly Advisors acquired Austin and expanded their westward presence. Stratos Wealth also added a Stratos Wealth advisor.
Geller Opens South Florida Office, Unveils New Brand
Geller & Company, an accounting and wealth management firm based in New York City, opened a new office in Jupiter, Fla., located north of West Palm Beach.
Scott Bush, the chief client officer for Geller Advisors (Geller’s SEC registered investment advisory firm), will have his primary office in this new location. Established in 2005, Geller Advisors manages a little more than $5 billion in client assets—including some $4.2 billion for 103 ultra-wealthy clients—and advises on $3 billion more.
“Based on our origins as a firm providing comprehensive services to clients who are highly discerning leaders in their respective fields, it is our belief that we have built some of the most sophisticated investment, tax, estate planning, CFO, and financial management capabilities available in the financial services marketplace,” Bush said this in a press release. “The greatest value we deliver is at the nexus of these disciplines, helping our clients to generate long-term and sustainable wealth.”
Geller opened the Jupiter office—its third location after a Los Angeles office was established in 2020—in an effort to meet clients where they are. South Florida is seen as an important market for the firm. “key market” According to the announcement, many of these clients are first-generation wealth creators.
Geller & Company also announced this week that it has adopted new corporate branding. The logo, which is multi-colored and prismatic in design, represents managing. “complex financial lives though multidisciplinary services and expertise,” while representing the company and its affiliates—Geller Advisors, Geller Tax and G Client Services—all operating under the brand Gellar. Â
Sequoia names the heads of Strategic Growth Initiative and hires Deutche Bank’s COO as its new CEO
Sequoia Financial Group, an Akron, Ohio-based RIA managing nearly $16 billion in client assets, announced a handful of key leadership moves this week.
Joseph Glick is the new chief operating officer at Deutche Bank. He spent nearly 14 years there, and was most recently head of strategy within client lifecycle management. Al Kantra was the COO of Deutche Bank for two years. Then he became head advisors and business growth.
Glick is Sequoia’s director of finance, risk, compliance, technology, client service, administration, and legal.
“Joining Sequoia was the obvious choice for me,” He said in a press release. “The firm’s leadership team has a clear commitment to a client-first, values-based culture and has an ambitious plan to serve clients in a competitive industry.”
Sequoia also announced the promotion of Kevin Tichnell from executive vice president to chief strategy and acquisitions officer in charge of M&A, while expanding responsibilities for Annie McCauley in her role as EVP and chief client officer to include organic growth initiatives and advisor outreach.
“Today’s leadership appointments are designed to strengthen our strategic expansion plans as we continue to build a durable and scalable firm to serve clients for generations to come,” Tom Haught, Sequoia’s founder and CEO, made a statement. “Our priorities are organic growth, selective acquisitions, and operational excellence. Annie is now responsible for organic growth and unifying our client experience, asset management and planning. We welcome Joe to Sequoia in the key role of overseeing our growing operations and breadth of services. Kevin will focus solely on leading our M&A efforts.”
With more than 200 employees, including around 135 advisors, Sequoia manages nearly $16 billion for more than 6,000 retirees, business owners and families, according to a recent Form ADV filing, as well as a number of corporations, charities and retirement plans.
The firm operates nine locations in Ohio and Michigan as well as Berwyn (Pennsylvania), Hilton Head (S.C.), and Tampa (Florida).
Waverly Advisors purchases Silicon Hills Wealth Management
Waverly Advisors, an RIA with $6 billion in assets under management (AUM) based in the Southeast of the United States, has expanded its reach westward by acquiring Silicon Hills Wealth Management, located in Austin, Texas.
Tom Brown and James Werner founded Silicon Hills in 2013, with assets of $255 million. Brown, Werner and the entire Waverly team, including Werner as regional director for Waverly’s Austin office, will be joining Waverly.
“When considering a merger, it was important for us to find a like-minded organization as committed as we are to systems and technology solutions, which help our clients navigate their financial lives,” Brown made the following statement. “Partnering with Waverly provides our clients with better solutions and strengthened resources.”
Austin marks Waverly’s 10th location, along with offices across Alabama, Georgia and Florida. This is the sixth transaction the firm has closed since acquiring private equity partners HGGC Wealth Partners Capital Group and Wealth Partners Capital Group late in 2021. The firm announced in the spring that it had acquired Omni Wealth Advisors, a Tampa and Atlanta-based company with $105 Million AUM.
“As we continue to expand into new markets beyond the Southeast, we believe Tom and his team are the perfect fit to establish Waverly’s presence in Texas,” Waverly CEO Josh Reidinger. “Silicon Hills brings a fresh perspective to innovation and technology, which will further strengthen Waverly’s existing infrastructure and enhance our client services.”
Waverly now has a total AUM of $6.1 billion.
Stratos Wealth recruits AMG Advisors with $250M of Assets
Stratos Wealth Advisors, an RIA owned by Stratos Wealth Holdings, added an advisor from Asset Management Group with more than $250 million in assets under management—Robert Hamer, in Northbrook, Ill.
Hamer, who has more than 40 years of experience in the financial industry, was a managing director and founding partner at Sunset Partners Capital Management prior to joining AMG. Since 2016, he is a managing Director at AMG.
“After spending decades in this industry, I knew exactly what I needed to better serve my clients, and after considering my options, Stratos proved to be the obvious choice,” Hamer made a statement.
Stratos Wealth Advisors, a financial advisory firm based in Beachwood (Ohio), was founded in 2016. The firm advises on an additional $32,000,000 in third-party accounts and manages assets totaling more than $3 billion. Stratos offers three custodial options—Charles Schwab and TD Ameritrade, set to be fully merged by Labor Day, and Fidelity Investments—to 55-plus advisors in 12 states.
Stratos Wealth Enterprises is a company that acquires assets and Stratos Wealth Enterprises is a financial management firm. The Stratos Wealth network has more than 350 professionals working in 26 states. They manage a total of $22.8 billion for clients.
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