Indivisible Partners, the registered investment advisor led by former Merrill Lynch wealth head John Thiel, has acquired its third firm since launch with a fee-only, women-led advisory based in Birmingham, Alabama, according to regulatory filings.
Somerset Advisory will leave Hightower Advisors to join Thiel’s Clearwater, Fla.-based RIA launched in January, according to Indivisible’s Form ADV. The eight-person team is led by managing director, partner, and former Merrill wealth advisor Lauren Pearson. The firm includes senior private wealth advisor Emily Lassiter, who had worked as a wealth advisor at Blue Trust, and private wealth advisor Ellen Clarke, who had held roles at at Wells Fargo and UBS.
Neither firm responded to a request for comment on the deal.
Somerset launched in 2016 with Hightower, and provides financial planning, investment management, and financial coaching through a fee-only model, according to its website.
According to her LinkedIn page, Managing Director Pearson worked as a wealth management advisor at Merrill from 2007 to 2016. She also founded The Wealth Edit in 2020, a membership community for women to read and engage with content and events concerning finances.
Somerset is the second women-led team to join Indivisible. This May, the firm announced that Sandy Bolton, formerly head of wealth management solutions at Ameriprise, would join with her SanWealth Partners RIA, based in Hazlet, N.J.
Indivisible’s first recruiting effort, announced in January, was New York-based Woodring I LeRoy Capital Advisors, which previous Merrill advisors also lead.
Thiel has described his RIA as an accelerator for top advisors looking to grow their business. Advisors who join can access family office services, a technology platform with curated options, and operational support. They own 100% of their practice and can also own equity in the Indivisible.
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