At a glance
- The book equals about 53% of the $2.08 billion in regulatory assets Indivisible Partners reports in its Form ADV, which lists 24 employees.
- A team bringing half a firm's reported assets has unusual influence over how that firm operates.
- The advisors worked together at Legg Mason before joining RBC in 2008.
Rosenwald Private Wealth, a seven-member team in Baltimore led by Beth C. Rosenwald, left RBC Wealth Management for Indivisible Partners on Nov. 4, moving a $1.1 billion book. Terms were not disclosed.
The book equals about 53% of the $2.08 billion in regulatory assets Indivisible Partners reports in its Form ADV, which lists 24 employees.
A team bringing half a firm's reported assets has unusual influence over how that firm operates. For advisors weighing a similar move, comparing their book to a destination's Form ADV assets shows how much leverage they would carry.
The advisors worked together at Legg Mason before joining RBC in 2008. Six of the seven are principals: Rosenwald, Aleksandra Kovalerchik, Matthew D. Kunkel, Brennan Dunn, Andrew Conn and Seth Jones.
Spread evenly, the $1.1 billion works out to about $183 million per named principal.
The team's book equals 53% of Indivisible's assets
Rosenwald team's $1.1B book vs. Indivisible Partners' $2.08B Form ADV assets
- Rosenwald book53%53%
- Rest of Indivisible47%47%
Show as table
| Part | Value | Share |
|---|---|---|
| Rosenwald book | 53% | 53% |
| Rest of Indivisible | 47% | 47% |
Reported by the Moves desk from Private Wealth Daily's Moves Wire, Indivisible Partners Form ADV and RBC Wealth Management. Published . Corrections