A billion-dollar RIA formed by an ex-wirehouse team and led by a top-ranked Barron’s advisor has hired a Wells Fargo wealth manager who oversaw $500 million in client assets. Lisa Quadrini joins Brandywine Oak Private Wealth as partner and private wealth manager. She will work both in Kiawah Island, S.C., and in Brandywine’s offices in Kennett Square, Pa.
Her addition is part of expansion plans at Brandywine, according to CEO Michael Henley. The 10-person firm also recently hired a private wealth associate and is currently doubling its office space in Kennett Square, which is southwest of Philadelphia. Brandywine also intends to open a satellite office in Kiawah Island, ideally in six to 12 months, Henley says.
Henley, who is a top-ranked Barron’s advisor, says he’s looking to hire more like-minded advisors who “put planning first” and want to be part of an independent firm.
With backing from Dynasty Financial Partners, Henley and his team left Merrill Lynch to launch the RIA in 2018. They currently oversee approximately $1 billion in assets under administration.
“The best decision we ever made was to go independent,” Henley says.
Quadrini’s move is also something of a reunion at Brandywine as she and Henley and the other Brandywine teammates previously worked together at Merrill Lynch.
“We knew her well, her work ethic and professional integrity,” Henley says.
Quadrini started at Merrill Lynch as a vice president in institutional municipal sales in 1999, later transitioning into the private client group as a financial advisor. In 2008, she moved to UBS, where she stayed for eight years before joining Wells Fargo’s private bank. She has also previously made Barron’s Top 1200 Financial Advisorsranking.
A spokeswoman for Wells Fargo declined to comment.