Hybrid broker-dealer Arkadios Capital says it has lured an experienced financial advisor from JPMorgan and added a Georgia-based wealth management practice.

Rob Douglass, who began his financial services industry career in 2000 with Goldman Sachs, oversaw more than $200 million for 50 high-net-worth families at JPMorgan before jumping ship for Arkadios, according to to the firm.

In addition, Arkadios added Milton, Georgia-based Blue Chip Wealth Advisors, formerly operating as Ashworth Sullivan Wealth Advisors, the company says. Founded by Marcus Ashworth and his late partner Casey Sullivan, the firm oversees more than $300 million in client assets, according to Arkadios.

Prior to joining Arkadios, Ashworth was registered with Triad Advisors from 2009 until June 2021, according to BrokerCheck.

In November, Arkadios said it acquired a California-based independent broker-dealer and its registered investment advisor firm overseeing $1.25 billion in affiliated assets.

Founded by David Millican six years ago, Arkadios is a privately held independent broker-dealer offering a hybrid platform for registered investment advisor firms and currently has more than 100 advisors, as well as an institutional bond desk and real estate investment team, according to the firm.

The company says it now oversees more than $5 billion in client assets from offices in the U.S. and Puerto Rico.

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