Former Wells Fargo Team Launches Gryphon Wealth in Florida
A team of advisors has left Wells Fargo Advisors Financial Network, the bank’s independent contractor unit, to launch their own registered investment advisor, Gryphon Wealth, in Jacksonville, Fla.
The fee-only RIA will use Wells Fargo’s First Clearing for custody as well as TradePMR, which provides middle-office support to RIAs partnering with First Clearing.
The team of 22 professionals is led by Jeffrey L. Wyatt, chairman and co-founder of Gryphon Wealth; Jason D. Hyrne, CEO, CIO and co-founder; J. Adam Kirby, president and CCO; and Melissa Storch, COO. They were previously with Wells Fargo for over 20 years.
The team will use TradePMR’s Fusion technology platform, which combines digital account opening, trading and CRM in a single workstation.
“We expect these tools to support our efforts to evaluate and potentially incorporate capabilities such as artificial intelligence, estate planning and income tax planning into a more integrated client experience,” Hyrne said in a statement.
“Gryphon Wealth’s focus on growing their business and exploring AI to enhance the client experience reflects how some firms are evolving as they plan for generational wealth transfer,” said Robb Baldwin, founder and general manager of TradePMR, in a statement. “Their approach highlights a broader shift in financial advice, and we’re pleased that TradePMR’s technology and transition support are helping to support that growth.”
TradePMR, the Florida-based tech and custodial services provider for RIAs, was acquired by Robinhood Markets in 2024, bringing $40 billion in assets under administration across 350 firms.
This follows news in March that Robinhood and TradePMR went live with a pilot for an advisor referral program, Robinhood Advisor Network, that the firms have teased at for more than a year.