Prospera Financial Services, a Dallas-headquartered independent broker/dealer, has added an Irvine, Calif.-based team with about $115 million in assets under management. Up the Graph Financial Group, led by Garrick Updegraph, joins from Wells Fargo Advisors Financial Network.
Updegraph was with Wells Fargo for 13 years. Prior to that, he was with Morgan Stanley.
“I wanted to partner with a firm that provided freedom and breadth of services, in addition to back-office efficiencies, that enable me to provide the level of service my clients expect,” Updegraph said in a statement.
His team provides financial planning and wealth management for multi-generational clients and retirement planning for institutions.
“We have intentionally designed our firm for advisors like Garrick who do not want to choose between growing their practice and delivering the highest quality, personalized service to their clients,” said Tarah Williams, Prospera’s president and chief operating officer, in a statement.
In January, Prospera debuted a new suite of family office services featuring “a multi-layered support team” of experts to help advisors create personalized wealth strategies for their wealthiest clients.
In February, Prospera recruited Painter, Smith & Amberg, a Redlands, Calif.-based team with $650 million in client assets. They previously ran their own broker/dealer and RIA.