Ascentis adds four Raymond James practices with about $1.06B in client assets

Ascentis Independent Advisors has added more than $1 billion in client assets through four advisory practices that joined from Raymond James Financial Services, the Dallas-based RIA platform announced. Capital Waypoint, Citrus Wealth Management, IMPACT Financial Strategies and Rooted Wealth Management will keep operating from California and Colorado offices.

The practices will continue to use Raymond James as their primary custodian, according to the announcement. The four have worked together as a unified Raymond James branch since 2022, so they arrive at Ascentis as an existing unit rather than as four separately recruited practices. What changes is the platform they operate under; the custodian named on the accounts does not.

Ascentis reported about $2.6 billion in assets under management before the moves, according to a spokesperson. Client asset figures for the four practices — about $256 million, $230 million, $303 million and $275 million — sum to roughly $1.06 billion, which would put the platform near $3.7 billion if the totals hold.

Ascentis Wealth Holdings formed Ascentis Independent Advisors at the start of 2026 from an RIA formerly known as Golden State Equity Partners. The division, led by John Nahas, lets independent advisors join while continuing to operate under their own brands, which is what all four practices are doing. The holding firm also runs Ascentis Asset Management and Ascentis Wealth Management, which reports more than $500 million in AUM in its most recent Form ADV.

"Experienced advisors want the freedom to run their practices and the support to keep improving what they can deliver for clients," Ascentis Holdings CEO Michael Mansur said in a statement.

The incoming practices carry long tenures. Martinez has more than 30 years of experience, Marvin has 29 years as an advisor, and Davis has more than 25. Ortez and Powell lead Rooted as its founding partners.