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Fidelity Loses $2.7 Billion Advisor to New RIA

July 25, 2018

A new RIA has nabbed a top financial advisor from Fidelity Investments’ private client group, WealthManagement.com writes.

Larry Rollins, who managed $2.7 billion at Fidelity, is joining New York-based Brenton Point Wealth Advisors as the firm’s second advisor, according to the web publication. Rollins, who’s been in the industry since 1996 and with Fidelity since 2004, according to BrokerCheck, will head Brenton Point’s new office in Westport, Conn., bringing with him senior client manager Lisa Cassidy, WealthManagement.com writes.

Patrick Gingras was the first advisor to join Brenton Point, which he co-founded with several partners in 2017, according to the web publication. Both he and Rollins had previous relationships with the other co-founders of the company, most of whom were affiliated with the investment management firm Zweig-DiMenna, Paul Michalowski, co-president and COO of Brenton Point and head of global marketing for Zweig-DiMenna, tells WealthManagement.com. Brenton Point offers estate and tax planning services and, along with Zweig-DiMenna, works with family offices, according to the web publication.

“At this time last year, wealth management was at an inflection point, with clients seeking more services from their advisors,” Joe DiMenna, chief market strategist for Brenton Point and head portfolio manager of Zweig-DiMenna. “Brenton Point’s unique model offers access to what we believe to be invaluable tools and proprietary insights for our clients.”

By Alex Padalka
  • To read the Wealth Management article cited in this story, click here.