News Summary

Charleston’s Roseate Group of Wells Fargo Advisors has been ranked No. 2 on Forbes’ 2025 Best-In-State Wealth Management Teams list for South Carolina. Out of over 11,000 teams considered, this recognition highlights the commitment and excellence of the Roseate Group, which oversees more than $3 billion in assets. Additionally, significant changes in the local wealth management landscape have been highlighted by the acquisition of Family Asset Management by Sequoia Financial Group, marking an exciting development in the sector.

Charleston Shines as Roseate Group Snags Top Spot in Wealth Management

In a delightful bit of news for our beautiful city, Charleston’s very own Roseate Group of Wells Fargo Advisors has made waves by being ranked No. 2 on Forbes’ esteemed 2025 Best-In-State Wealth Management Teams list for South Carolina. This fantastic recognition was officially published on January 9, 2025, and it’s certainly put a big smile on locals’ faces.

A National Perspective

Let’s break down what this means: Forbes considered a whopping over 11,000 wealth management teams from across the nation to come up with this prestigious list. Out of that massive pool, 5,331 teams were acknowledged, showcasing just how impressive the Roseate Group’s ranking truly is.

Local Excellence

The Roseate Group isn’t just a standout on a national scale; they excel right here in South Carolina, being one of just 58 teams noted in our lovely state. The team is made up of 11 talented advisors, including prominent names like Wendy Brewer, Robert Vingi, David McCallum, Aaron Barber, and Howard Edwards. What makes this recognition even sweeter is that the top-ranked team led by a female advisor hails from Charleston, showcasing local talent and leadership.

Commitment to Clients

Robert Vingi, one of the insightful financial advisors with the Roseate Group, has highlighted the recognition as a clear testament to the group’s dedication toward offering personalized and strategic guidance for their clients. With a collective oversight of over $3 billion in assets as of January 1, 2025, it’s no wonder that they’re held in such high regard.

Changes in the Financial Landscape

Family Asset Management (FAM). This well-respected firm has been recently acquired by Sequoia Financial Group, an SEC-registered wealth manager with its sights set on expanding throughout the Southeast. Though the financial terms of the acquisition remain undisclosed, FAM has made quite a name for itself.

About Family Asset Management

Founded back in 2004, FAM boasts a strong portfolio, managing over $300 million in assets as of September 30, 2024. They offer a range of services, including financial planning and investment management, servicing wealthy individuals, families, corporations, and foundations. The firm, co-directed by Andrew Barrett and Dan Russler, has built a solid reputation, and the recent acquisition sets the stage for an exciting new chapter.

Expanding Horizons

With this merger, Sequoia Financial is set to operate 16 offices across 10 states, further enhancing their reach and service offerings. They have been on a roll since 2023, acquiring several firms like Karpas Strategies and AltruVista, showcasing their commitment to growth in the financial sector. In 2023, they also introduced Sequoia Sentinel, a new service focusing on family office solutions tailored for high-net-worth individuals and families.

The Future Looks Bright

The partnership with Sequoia is expected to open new doors for FAM’s clients, granting them access to a broader array of resources and investment options. Sequoia’s CEO expressed a deep appreciation for FAM’s enduring quality and steadfast commitment to client service, especially after their impressive 20 years of operation.

Local Impact

Overall, Charleston continues to shine brightly on the financial map with standout teams like the Roseate Group and significant changes like the FAM acquisition. It’s an exciting time to be in the Lowcountry as we witness our local wealth management experts lead the way with excellence and dedication to service.

Deeper Dive: News & Info About This Topic

• ABC News 4: Charleston Wealth Management Team Named Amongst Best in South Carolina
• Forbes: Best-In-State Wealth Management Teams
• Wealth Management: Sequoia Acquires $300M South Carolina RIA
• Wikipedia: Wealth Management
• Encyclopedia Britannica: Wealth Management