WealthPath Investment Advisors partners Jim Edmiaston, left, and Clay Kendall quit wirehouse careers to go independent in 2006.
Three founding partners at WealthPath Investment Advisors left the realm of commissioned stockbrokers back in 2006, with desires to implement a fee compensation structure, broaden clients’ investment options and generally have more control over their own careers.
“It was a no-brainer,” said WealthPath partner and chartered financial analyst Clay Kendall. “It’s good for us, good for the clients. It’s a win-win.”
Kendall, Jim Mote and Jim Edmiaston quit the financial firm Morgan Keegan (acquired by Raymond James & Associates in 2012) to co-found with two other partners an independent finance firm, AdvisorAlliance.
It was a bit ahead of the game, but the move reflects an ongoing national trend seen in the industry during the years that followed.... [ MORE ]