Uptick partners, a registered platform of investment advisers Launched by former advisers of Edward Jones last yearHe has brought his second adviser outside his founding members with a small, Ark -based rock and will add at least two others in the coming months, according to one of the founders of Uptick.
John Sidery has joined the UPTICK platform by Legacy Capital, a 1.2 billion dollars where it reached over $ 70 million in customer assets. He will now lead his firm, Olympus Wealth Strategies, under the UpTick platform.
Sidery is the second adviser to uptick to be added since its establishment in the summer of 2024 by three financial advisers who broke away from Edward Jones in 2023. The firm's model is to be a support platform to help other advisers from the captive broker/traders go independently.
Sidery made the movement to rise after he sought to “provide customers better technology, personalized service and ability to link his practice with his essential values, including independence and customers -focused advice”, according to the announcement.
Olympus's assets strategies provide asset and management of assets, financial planning, assets planning and charity, tax planning and business owner services, among other areas, according to its website.
Uptick was formed by the advisers of Edward Jones Steve Barber, his son Jason Barber and Taylor Pankratz. They left brokerage to form nacogdoches, Texas -based Holistic Planning and modeling the RIA platform after their experiences.
Jason Barber said that the RIA platform provider, which is aiming for about three to four partnerships a year, has two other advisers in the pipeline to join and will recruit for a final firm in the summer. One of the young councilors is located in Georgia and the other is in Arizona, Barber said, refusing to provide further details.
When the uptick was founded, the leadership assumed that it would attract counselors who were disconnected from B/DS like Edward Jones, similar to their experiences, Barber said. But with Sidery, the firm found a counselor seeking to leave an independent RIA for more freedom and decision -making with clients.
“We now realize that it can be a little more appropriate for us to change our opinion to councilors who break away from the situations of captives, where they are an employee of someone else,” Barber said.
In November, Uptick announced that advisers WHO switching to the firm will receive a 100% payment until they return to 100% of their income to their previous employer. Once the councilors reach that threshold, they receive 95% of their returns, with the rapid rise getting a 5% profit difference.
Barber said the guarantee was a point of sale for new councilors, including the first to join last year, Jonathan Dvorak, the founder of Dvorak Financial Planning in Cullman, Ala. Dvorak had been with Edward Jones, managing $ 275 million in customer assets.
Barber said Dvorak reached the threshold 100% in four months and predicts that Sidery will be similar or even faster.
He also said preparing a counselor to announce a split is a “critical mission” when uptick is working with them. Barber showed a Video UpTick helped Sidery create Before the movement in which Sidery shares its story to clients and social media channels. Dvorak, Barber said, started with a new app that customers can immediately download and register for use.
“You want to explain to your customers that this was your decision, that it was planned and that you are telling the customers that it will be better for them,” Barber said.
According to its latest form Adv, Uppick has $ 688 million in client assets under management.