Journey Strategic Wealth, a $3.1 billion registered investment advisor partnership launched in 2021, has added a $160 million Minneapolis team from Carson Group. Meath Wealth Advisors, which includes advisors Kerry Meath-Sinkin and her father Robert Meath, will be Journey’s first Minneapolis office.
Meath represents the seventh team to join Journey since its inception in 2021, and it will expand Journey’s footprint in the Twin Cities market. Journey has other locations in the San Francisco Bay Area; Richmond, Va.; Seattle; Park City, Utah; New York; and Northern New Jersey.
Financial advisors and former Dynasty Financial Partners executives Michael Brown and Brian Flynn, along with practice management coach Penny Phillips, founded Journey in January 2021.
Based in Summit, N.J., Journey is structured as a hybrid RIA, affiliated with broker/dealer Purshe Kaplan Sterling Investments. They are looking to tuck in advisor teams, but firm principals say they will provide more services than the typical affiliation platform, particularly with consulting around practice management. In addition to tucking in, advisors may also choose to sell all or part of their practice to Journey.
When an advisor joins the firm, they come under Journey’s ADV, but they still own their book of business if they decide to leave. Journey provides the essential operations advisors need to run their businesses, including operations and billing, human resources and payroll, investment management, financial planning support, technology, home office support and marketing. Advisors that join Journey can keep their administrative staff, associate advisors and anyone else who is client-facing, and their entire team goes onto Journey’s payroll.