&Partners Adds $864 Million Foothills Team, Reaching 117 Practices and $58 Billion AUM
Updated
Updated · InvestmentNews · Jul 10
&Partners Adds $864 Million Foothills Team, Reaching 117 Practices and $58 Billion AUM
2 articles · Updated · InvestmentNews · Jul 10
Summary
$864 million in prehire assets came with Foothills Legacy Wealth Management, a seven-person Upstate New York team founded by former Wells Fargo advisors Andrew Cook and Gerard Mehan.
The addition extends &Partners' East Coast recruiting push, lifting the hybrid RIA to 117 advisor practices and roughly $58 billion in combined assets under management as of June 30.
That growth follows three teams with about $1.6 billion in assets added last month and two more practices with nearly $700 million in May, underscoring a recruiting pace that has not slowed.
&Partners launched in 2023 targeting 100 top advisor teams, surpassed that mark in just over two years, and says its 40 million-share equity cap is designed to support growth to about $120 billion before shifting to cash-based recruiting.