Bordeaux Wealth Advisors, a $5.6 billion AUM RIA in Menlo Park, Calif., has merged with Focus Partners Wealth, one of Focus Financial Partners’ hub firms, according to a LinkedIn post.
Bordeaux joined the Focus partnership in 2017 and represented the aggregator’s first deal since private equity firms KKR and Stone Point Capital acquired stakes in Focus. (Focus went public in 2018, and then private again in 2023, when it sold to Clayton, Dubilier and Rice, and Stone Point Capital.)
In January, Focus announced a new corporate brand and brand structure for its “hub” firms, giving those businesses the Focus name. The Colony Group and Buckingham Strategic Wealth became Focus Partners Wealth.
“While our name is changing, everything you value about BWA—our people, our values, and our knowledge to act as your personal CFO remains unchanged,” Bordeaux said in a LinkedIn post. “What’s new is the strength of expanded resources, enhanced capabilities, and a broader range of services.”
The Bordeaux team, led by managing partners Tom Myers and David Murdock, came out of Brownson, Rehmus & Foxworth, a Chicago-headquartered RIA. Bordeaux serves high-net-worth entrepreneurs, corporate executives, technology professionals and partners in the private equity and venture capital industries.
Carson Group Acquires $300M Affiliate
Carson Group, the $42 billion registered investment advisor, has acquired another location out of its Carson Wealth partner network. The Jacob William Advisory in Cockeysville, Md., manages about $300 million in client assets.
The firm is led by Mark Ring and Dan Morrison, who founded the RIA in 2006 and joined the Carson community in 2016.
Jacob William Advisory has proactively recruited next-generation advisors as part of its business continuity plan. Morrison and Ring are joined by Partner and Wealth Advisor Christina Snyder, financial and wealth advisors David Hodnett and Matthew Rodgville, and a six-member operations team.
The firm represents Carson’s 28th wholly owned office.
LPL Recruits $250M Fresno Team From Osaic
Fresno, Calif.-based advisor Brandon Dixon-James has moved his book of business from Osaic to LPL Financial. Dixon-James launched Resilient Wealth Management in 2020 and now manages about $250 million in advisory, brokerage and retirement plan assets.
He’s joined by Nicole James, his wife and director of client events, Edith Corrales, operations associate, and Amelia Kitchens, front office representative. His team was previously with Osaic for 12 years.
“From LPL’s integrated and streamlined technology to the fact that they are self-clearing, everything LPL offers is with advisors in mind,” he said in a statement. “But what solidified my decision to move to LPL is their commitment to the communities they serve and the fact they offer various Financial Advisor Inclusion programs, like the Black Financial Advisor Community.”
RBC Opens New Nashville Office With Addition of Two Teams
RBC Wealth Management has added two teams with a combined $570 million in client assets and opened a new office in Franklin, Tenn., a suburb of Nashville. The teams join from Janney Montgomery Scott.
The MD Wealth Management Group, which manages about $370 million in client assets, includes Senior Vice President and Financial Advisor Brad Dickens, First Vice President and Financial Advisor Jason Minor, and Senior Client Associate Colton Wright. The team serves individuals, families and business owners.
JS Investment Advisors, which manages about $200 million, includes senior vice presidents and financial advisors Jim Stephens and Jamie Smith, Senior Branch Service Manager Sheala Smith, and Senior Client Associate Ben Davis.
Over the last five years, RBC has increased its financial advisor headcount by nearly 50% in the Kansas City Complex, which includes Nashville and the new Franklin office.
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