&Partners Poaches More Wells Fargo Teams, Two From Commonwealth

Core Insights - &Partners, a hybrid broker/dealer founded by David Kowach, has rapidly expanded by adding four advisor practices in early November, continuing a strong recruiting trend [1][3] - The firm aims to grow to 150 teams and manage $120 billion in assets over the next three years, indicating ambitious growth plans [4] Recruitment and Growth - The four new teams collectively managed $1.6 billion in client assets, contributing to a total of nine new practices added in October [3] - &Partners currently has over 100 advisor practices in its network and approximately $50 billion in prehire assets, which are expected to be integrated once advisors are fully onboarded [3] Team Details - The largest team joining in November is Florham Park Wealth Advisors from Wells Fargo, managing $730 million in client assets [4] - CirclePoint Financial, another former Wells Fargo team, oversees $427 million in client assets [5] - Two teams from Commonwealth Financial Network managed assets of $250 million and $212 million, respectively, with Zinn Wealth Management being the larger of the two [5] Custodianship - &Partners utilizes Fidelity Investments National Financial Services as its primary custodian for client assets [6]