Several months after Chris Freimuth and his team broke away from BOK Financial Wealth Group to create Elk River Wealth Management, David Carroll and Jon Springer announced they are leaving Mutual of Omaha Bank to head Elk River’s expansion into Omaha, Neb.
The team, which collectively managed about $230 million in client assets, is the third to join Elk River Wealth since it launched in late March. The new firm, headquartered in Denver, had about $750 million in assets under management at the outset. Carroll and Springer will join the firm as partners, and have a collective experience of more than 50 years in the industry.
Prior to joining Elk River Wealth, the duo specialized in financial planning, investment management, business succession planning, and retirement and estate planning, among other focuses. Carroll and Springer lauded Elk River for its mission, business model and culture, enabling advisors to offload administrative and back-office tasks to focus on investor relationships.
“In today’s complex marketplace, our clients expect a steward who can manage their evolving needs, protect their wealth and deliver complete solutions across their financial life,” Carroll said. “Elk River Wealth has all of the pieces in place to do exactly that, including a full spectrum of comprehensive services, advanced technologies, leading custodial and compliance partners, and a world-class network of specialists that are aligned to benefit our clients.”
The two previous additions to Elk River Wealth include Merrifield & Company, a single-family office run by Brooks Merrifield, and Dan Owens, who joined the firm in April to lead the Arizona office. Merrifield & Company had $40 million in AUM when it merged with Elk River, and Owens, with more than two decades of experience in the industry, also joined from BOK Financial.
