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Fidelis Capital Brings In $4.5 Billion Breakaway Team
Editorial Staff
6 September 2023
Fidelis Capital, a wealth management firm, has brought in a team of advisors from Bank of America Private Bank overseeing more than $4.5 billion of client money. The trend of advisors working at banks heading off to take a more independent, or "breakaway" path, is well established and this news service wrote about the topic a decade ago, here and here.
The team of five people, which has launched with an office in Washington DC, includes:
-- Christopher F Tate, partner, wealth strategist;
-- Michael J Sellers, partner, portfolio manager;
-- Benjamin A Hilyard, partner, fiduciary specialist;
-- Aaron J Wall, partner, portfolio manager; and
-- Ashley Connor, client service associate.
"The team represents one of the largest teams of wealth managers to leave a private bank in recent history,” Fidelis said in a statement.
Christopher Tate said Fidelis Capital “operates as an outsourced family office.”
Fidelis Capital has offices in Tampa, Dallas, and Washington DC.