A financial advisory team previously affiliated with Wells Fargo Advisors has joined independent wealth management firm &Partners, bringing approximately $1.8 billion in client assets under management to the rapidly growing registered investment advisory platform.

The team, now operating under the name 32 North Wealth, is headquartered in Meridian, Mississippi, and represents another significant addition to &Partners’ expanding national footprint.

Another High-Profile Wirehouse Departure

The transition underscores the ongoing shift within the U.S. wealth management industry as experienced advisory teams increasingly move from large wirehouse firms to independent advisory platforms that offer greater flexibility, broader investment capabilities, and enhanced ownership opportunities.

The advisors’ move adds substantial scale to &Partners, which has positioned itself as an advisor-focused firm designed to support experienced wealth management professionals seeking greater independence while maintaining institutional-level resources.

&Partners Continues National Expansion

Headquartered in Nashville, Tennessee, &Partners was established by former Wells Fargo executives and has been actively recruiting advisory teams across the United States.

The firm’s strategy centers on providing advisors with operational support, technology, compliance infrastructure, investment resources, and succession planning while allowing them to maintain greater autonomy over client relationships and business operations.

The addition of 32 North Wealth strengthens the firm’s presence in the Southeast and further expands its assets under management.

Industry Trend Favors Independent Platforms

The move reflects one of the most significant trends in wealth management over the past several years.

Independent registered investment advisors (RIAs) and hybrid advisory firms have continued attracting experienced advisors from traditional brokerage firms as clients increasingly seek personalized financial planning, fiduciary advice, and customized investment solutions.

For advisors, independent platforms often provide increased flexibility in product selection, pricing, branding, and long-term equity participation compared with traditional employee-based wirehouse models.

Outlook

The addition of the former Wells Fargo Advisors team reinforces &Partners’ strategy of attracting established advisory practices with significant client assets. As advisor recruitment continues to reshape the wealth management industry, independent firms are expected to remain well positioned to compete for experienced financial professionals seeking greater entrepreneurial freedom while continuing to serve high-net-worth clients.