Arkadios Adds HNW Wealth Practice in Western New York

March 9, 2020

Arkadios Capital has added a western New York wealth management practice with $400 million in client money, the company says.

Lewiston, N.Y.-based Princeton Equity, led by Russell Conrad, has moved to Arkadios’s hybrid advisor broker-dealer platform, according to a press release from Arkadios.

“The clients we serve will benefit significantly from Arkadios Capital’s expertise,” Conrad says in the press release. “The support will further enable our continued growth as we take Princeton Equity to the next level.”

Princeton Equity plans to open another office in Naples, Fla., Arkadios says.

Conrad has been in the financial services industry since 1996 and was registered at seven different firms before joining Arkadios, according to his BrokerCheck profile. Most recently, he had been with Independent Financial Group, which he joined in 2016 after a year at Summit Brokerage Services, according to BrokerCheck.

Arkadios added several advisors in 2019, including at least three independent wealth management practices previously affiliated with Triad Advisors.

Founded in 2017 by David Millican, the hybrid advisory broker-dealer represents more than $3.5 billion under advisement and now has more than 60 advisors, the company says.

Read the Financial Advisor IQ Article Here