A pair of veteran Wells Fargo Advisors registered representatives have struck out on their own with a fee-only RIA.
Christopher Brown and David Miller have opened Brown Miller Wealth Management outside of Washington, D.C. The pair previously oversaw $450 million at Wells Fargo, according to a Brown Miller spokeswoman.
Brown began his financial services industry career at Wells Fargo predecessor A.G. Edwards & Sons in 1992, the Brown Miller announcement notes.
Miller joined Brown’s team in 2004. The pair and their support staff continued with the firm once it was acquired by Wachovia Securities, which was then acquired by Wells Fargo in 2008, according to the press release.
“We realized that the best way to continue to provide a fiduciary standard of care and be able to provide our clients with the best possible investment offerings, was to become independent and establish the firm as an RIA,” Brown says in the press release.
The team will now operate as an independently owned and operated outfit but will use First Clearing, which is the clearing arm of Wells Fargo. The upstart RIA will also work with TradePMR for technology and custodial support, according to the press release.
As part of the launch, Brown Miller moved to new offices in McLean, Va., the company says.