Registered funding advisors Noah Doyle and Charles Princiotto have moved their affiliation from KKR-owned broker/dealer Janney Montgomery Scott to Wells Fargo Advisors Monetary Community, or FiNet, together with their $380 million in shopper belongings.
Their new agency, SoundRidge Personal Wealth, will probably be primarily based in New York Metropolis, the identical as their former RIA. The duo may even proceed to give attention to high-net-worth people, entrepreneurs, and professionals in leisure and sports activities.
Doyle, CEO and co-founder, and Princiotto, president and co-founder, had been with Janney for over eight years. Earlier than that affiliation, they’d been advisors at Financial institution of America’s Merrill for about 5 years and first met when working at Morgan Stanley.
“Affiliating with FiNet offers us entry to top-tier sources whereas preserving the pliability and repair our purchasers worth most and have come to know and count on from us over time,” Doyle mentioned in a press release.
SoundRidge integrates tax methods, property planning and funding recommendation. In response to its web site, the agency can be trying to rent extra advisors as 1099 associates.
Wells Fargo’s unbiased contractor enterprise mannequin has existed for about 20 years.
This February, a Westlake Village, Calif.-based staff left FiNet with about $1.15 billion in shopper assets to join LPL Financial. In September 2024, FiNet gained a three-person, $1.8 billion staff primarily based in Chicago from wirehouse Morgan Stanley.
Janney promoted Tony Miller, its former and present president, to the CEO role earlier this year. He took the function shortly after the deal closed for Janney to be sold to private equity firm KKR after over 4 a long time of Penn Mutual Life Insurance coverage Firm possession. Janney is now working as a standalone dealer/seller.
