Ex-Wells Fargo advisor with $500M goes independent with Dynasty RIA

Trader Talk

A family office and high-net-worth practice that left Merrill Lynch to launch an RIA in 2018 has in turn recruited an advisor going independent after more than 20 years with wirehouses.

Lisa Quadrini left the Wells Fargo Advisors private bank division to join Brandywine Oak Private Wealth on the Dynasty Financial Partners RIA platform, the firms announced April 13. Quadrini managed about $500 million in client assets with Wells Fargo. Her new Kennett Square, Pennsylvania-based RIA has more than $1 billion.

Quadrini knew Brandywine founder Michael Henley and other firm partners from their prior tenures at Merrill Lynch, where Quadrini started in 1999 in an institutional municipal sales role before converting into an advisor. As part of the move, she will also open a new Brandywine office in Kiawah Island, South Carolina.

Seeing the need for a team to serve multigenerational clients and the disruption of the coronavirus pandemic prompted Quadrini’s move, she says.

You Might Like

Lisa Quadrini of Brandywine Oak Private Wealth

Financial advisor Lisa Quadrini joined Kennett Square, Pennsylvania-based Brandywine Oak Private Wealth on the Dynasty Financial Partners RIA platform.

“A lot of individuals are re-evaluating their situations, both professionally and personally,” Quadrini says. “For that depth of relationship, to maintain the continuity, you need to have a bench.”

A representative for Wells Fargo didn’t immediately respond to a request for comment on her move.

Quadrini officially registered with Brandywine’s RIA April 12, according to FINRA BrokerCheck, and she plans to drop her brokerage registration as part of the move. Prior to Quadrini’s five-year tenure with Wells Fargo, she spent eight years with UBS and nine with Merrill Lynch. Quadrini appeared on the latest annual America’s Top Women Advisors and Forbes Best-In-State Wealth Advisors lists.

“Lisa is a true professional,” says Henley, who notes she was one of the first advisors that came to the partners’ minds when they began considering potential recruits. “We really went after her, almost like a prospect.”

Brandywine has 10 staff members, six of whom are advisors, according to Henley. Half of the advisors are women — notable in a profession where only 18% are women, research firm Cerulli Associates reports.

Dynasty has carried out more than 150 breakaway deals since its launch. Currently, 48 RIAs use Dynasty’s services, managing $55 billion in client assets on the core platform and $27 billion more through its turnkey asset management program.

Articles You May Like

Merrill Lynch introduces fully digital account opening
Reeling from post-hack price slump, Easyfi reveals community compensation plan
Franco-Nevada boosts net income 274% in Q1 2021, ups dividend
Malibu Beach House Owned By Steve McQueen Is On The Market
Silver Price Analysis: XAG/USD sellers attack 100-SMA to keep reins below $26 – FXStreet

Leave a Reply

Your email address will not be published. Required fields are marked *