&Partners adds $950M breakaway team in Virginia

Charlottesville, Virginia-based Bay Ridge Private Wealth has joined &Partners with about $950 million in prehire assets under management, becoming the firm’s latest addition in a busy start to the year.

Bay Ridge is led by partner and managing director Jon Chasen, along with partners and directors Patrick Carroll and John Smith and partner and director of practice management Crystal Martin. The team emphasizes planning-led, relationship-based advice across retirement planning, investment management, estate and legacy strategies, risk management and wealth preservation.

&Partners has achieved remarkable growth since launching in 2023, having crossed the 100-partner milestone last year based on its appeal as a destination for advisors breaking away from Wells Fargo. Chasen, Carroll, and Smith were previously affiliated with the wirehouse, according to their BrokerCheck records.

They are supported by private wealth advisor Noah Ellis, private wealth consultant Shelley Bishop, client experience manager Heather Nadeau and marketing manager Miyanna Bell. The move brings &Partners to 111 advisor practices overseeing approximately $52 billion in prehire assets, according to the firm.

Bay Ridge is the sixth practice to come aboard since the beginning of the year, following recent additions including Sumter, Entrust Wealth Management and Four Lights Advisors.

Reprinted with permission.