DayMark Wealth Partners Expands into Florida with Elite Advisory Team

Fort Lauderdale, Florida, USA - DayMark Wealth Partners, a firm that has made quite the splash with its rapid growth, is setting its sights on Florida. Recently, they announced an impressive $350 million acquisition, marking their debut in the Sunshine State. With assets totaling $3.8 billion, DayMark is diving into a vibrant wealth management market, and they are doing it with a fresh team that has both local and broader investment experience; this is a game-changer for potential clients in the region. InvestmentNews reports that the newly formed team in Florida hails from Wells Fargo and Janney, featuring father-daughter duo Steve and Emily Rowe at the helm.

The Rowes will operate from offices in both Fort Lauderdale and Stuart. Alongside them are skilled advisors Victoria Ricker, Patrick Strader, Shayne Cullen, and Madison Iandoli, each bringing a wealth of knowledge in family financial planning, business strategies, and liquidity-event structuring. Notably, most of this team has previously collaborated at another firm, underscoring their cohesive professional bond. Mike Quin, a co-founder of DayMark, highlighted that this acquisition not only showcases the firm’s appeal to “elite teams” but also sets a solid foundation in the bustling wealth management scenario in Florida. Steve Rowe expressed an eagerness to more closely align their services with client outcomes, a sentiment echoed by Emily Rowe, who emphasized the advantages of operating as full-time fiduciaries—essentially ensuring better-quality advice for clients.

Expanding Presence

But DayMark’s ambitions don’t stop with Florida. The firm has underscored its growth mode with other strategic moves, including a recent boost from another group of advisers who came aboard from Thrivent, which managed around $220 million in assets. This Minnesota-based team prides itself on specializing in clients who are preparing for or entering retirement, focusing on a comprehensive approach to financial planning. According to InvestmentNews, advisors Mike Trudeau, Matt Merrick, Ben Ollila, and Ben Prchal bring a combined experience of 30 years, marking an enriching addition to DayMark’s offerings.

Their collective vision centers on independence, which allows them to offer services that truly align with clients‘ needs. As Trudeau pointed out, this flexibility is crucial for delivering tailored solutions. DayMark, following the trend, has previously welcomed a team managing $585 million from Wells Fargo in Connecticut and explored partnerships in Chicago, underscoring its relentless expansion approach.

Compass Group and Client-Centric Focus

In tandem with their bold Florida launch, DayMark also announced the addition of the Compass Group, marking yet another feather in their cap. This group, including T. Rodney Twells, Andrew Sikorovsky, and Joseph Schmidt, boasts more than $1.0 billion in client assets and has a combined experience of over 150 years. Twells, a founding member of the Compass Group at Wells Fargo Advisors, reiterated the significance of being able to customize their investment plans in today’s open architecture environment. They serve a diverse client base, from families to institutions, flaunting a commitment to personalized advice that aims to meet specific client needs, as reported by Business Wire.

Interestingly, the nature of independent financial advisors, like those at DayMark, allows them an edge when it comes to unbiased advice. Unlike larger firms bound to specific products, independent advisors may offer more objective insights, although clients should still be keen on asking important questions related to potential conflicts and costs. Forbes discusses how independent advisors can indeed be as qualified as their counterparts at bigger firms, often being certified financial planners (CFPs) who prioritize unbiased client-focused services.

In the fast-evolving landscape of financial advisory services, DayMark Wealth Partners is carving out a niche that reflects adaptation and growth. As they embed themselves deeper into Florida’s wealth management market, their focus on independence and tailored solutions is poised to resonate with clients seeking conscientious financial strategies.