At a glance
- For principals of smaller practices weighing affiliation, the addition shows &Partners is taking on sub-$500 million teams as well as larger ones.
- The $7.4 billion across the nine teams averages about $820 million each, putting Riseling's $357 million below that level.
- Riseling is the 132nd practice to join since the firm's 2023 founding, and &Partners had $65 billion in assets as of Sept. 30.
&Partners added Riseling Wealth Management, a family-run practice in Dumas, Texas, with $357 million in assets, Financial Advisor Magazine reported.
It is the fifth firm to join the Nashville and St. Louis-based hybrid broker-dealer and RIA in October and the ninth since September. The nine teams brought in about $7.4 billion, according to a company news release.
For principals of smaller practices weighing affiliation, the addition shows &Partners is taking on sub-$500 million teams as well as larger ones. The $7.4 billion across the nine teams averages about $820 million each, putting Riseling's $357 million below that level.
Riseling is the 132nd practice to join since the firm's 2023 founding, and &Partners had $65 billion in assets as of Sept. 30. Founder and CEO Larry Riseling began his career at Edward Jones in 1988. His son Reid Riseling is a partner and wealth advisor who joined Edward Jones in 2023, and his son Craig Riseling is a wealth management associate. Two support staff also join. The team serves farm and ranch families, retirees, energy workers and multigenerational families.
Reported by the Moves desk from Financial Advisor Magazine. Published . Corrections