Pinkerton Private Wealth transitioned into a registered investment advisor and is now known as FourThought Private Wealth. The firm announced its new status Monday.
The firm, which has about $800 million in assets under management, transitioned from Wells Fargo Advisors Financial Network, the independent channel of the large broker/dealer. It took on the name FourThought because of the three sets of four principles it follows for financial planning, core values and its “formula for success,” according to a company statement.
Headquartered in Venice, Fla., FourThought Private Wealth provides wealth management services to high-net-worth families. The company also serves foundations and endowments under FourThought Signature and businesses and nonprofits under FourThought Institutions. The firm is headed by managing partner Scott Pinkerton and partner William Mehserle Jr. The team also includes partner and Chief Investment Officer Patrick Baumann and the chief operating officer and chief compliance officer, Donna Guinta.