Advisory M&A News – 4/15/24

Modern Wealth Management Appoints Del Col as Head of Advisory Services

Modern Wealth Management announced the appointment of Jason Del Col as head of advisory services. He will become part of the Modern Wealth executive team to lead the firm’s advisory services platform from a role as managing director at Goldman Sachs.

Modern Wealth’s service model is designed to provide clients with financial, tax, and retirement planning services, as well as access to other personalized wealth management solutions. Following Modern Wealth’s sixth acquisition and establishment of its retirement plan advisory business, Del Col is adding to the firm’s growth initiatives by building strategies aimed at broadening its range of services, advisory base and national footprint.

In his new role at Modern Wealth, Del Col will also oversee Modern Wealth’s Growth Hub, which was developed to build an enterprise-wide strategy for lead management, distribution and client onboarding. Previously Del Col has been a part of the executive leadership and founding teams of two national advisory firms, serving as managing director at Goldman Sachs and head of advisory services at United Capital Financial Advisors.

“I’m looking forward to joining the dynamic team at Modern Wealth, which has seen significant success within just a year of launch, to help build and strengthen our rapidly expanding national presence,” Del Col said in a statement.

Waverly Advisors Acquires McShane Partners

Waverly Advisors LLC, a federally registered investment adviser specializing in investment management, financial planning and wealth management solutions for high-net-worth individuals, corporate retirement plans and institutional clients, has acquired the investment advisory business of McShane Partners, based in Charlotte, North Carolina.

The transaction marks Waverly’s third acquisition in 2024, together with those of StrategIQ Financial Group and EFP Advisors, which have added combined assets under management of approximately $2.5 billion so far in 2024.

McShane was founded in 1985 as one of the first fee-only RIAs in Charlotte. Daniele Donahoe, CEO of McShane, and her team offer a boutique approach to investment management, wealth advisory, and financial planning.

“The McShane team brings additional strategies to Waverly’s growing public and private market investment options,” Justin Russell, president of Waverly, said in a statement.

Chairez Joins Ameriprise

Financial adviser Joe Chairez recently joined the branch channel of Ameriprise Financial Inc. from J.P. Morgan Securities with $105 million in assets working out of Dallas, Texas.

“I was drawn to the capabilities Ameriprise offers that will help me deliver an even greater experience to my clients,” Chairez said in a statement. “Ameriprise has an impressive track record for client satisfaction and I’m excited to tap into the power of the firm’s technology and resources to take my service model to the next level.”

Chairez is supported locally by Ameriprise Complex Director Thomas Harris and Ameriprise Regional Vice President Mitchell Doren. Ameriprise has had 1,700 financial advisers joining the firm in the last 5 years.