People Moves

Four Break Away From Wells Fargo Advisors, Launch RIA In Pennsylvania

Eliane Chavagnon Editor - Family Wealth Report August 31, 2015

Four Break Away From Wells Fargo Advisors, Launch RIA In Pennsylvania

A Harrisburg, PA-based advisor team has partnered with Dynasty to launch SevenBridge Financial Group as an independent firm.

A group of former Wells Fargo Advisors have launched an independent advisory firm with $250 million in clients assets through Dynasty Financial Partners.

Managing partners of SevenBridge Financial Group, Charles Eberly and Lawrence - who worked at Wells Fargo for 16 years - are joined by Michael McConahy, an advisor, consultant and planner, and Patricia Jakeway, director of client resources.

SevenBridge Financial Group took its name from the seven bridges in the heart of Harrisburg, PA. The firm works with high net worth families, business owners, land owners of oil and gas rights, professional firms, charitable institutions and endowments.

Dynasty has created a platform for SevenBridge, which includes Dynasty’s investment platform, proprietary research from Wilshire Associates and Callan Associates, and Envestnet’s portfolio tools and reporting technology. Charles Schwab will provide custody services.

In July, six former wealth management professionals at Barclays launched Summit Trail Advisors via Dynasty Financial Partners. The move come after Barclays said in June that it is selling its US wealth management operations to Stifel Financial in a deal expected to close this November.

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