Family of Edward Jones Advisors Exits to Form New RIA (Barron’s)

Learn more about the inspiration behind Uptick Partners by reading this article on our founders’ own journey to independence. Featured in Barron’s, the article’s publication in March of 2023 coincides with our founders transitioning from Edward Jones to establishing their own Registered Investment Advisor (RIA), Holistic Planning.

The founders of Uptick Partners, who managed approximately $600 million across distinct practices at Edward Jones, motivated by a desire to have more control over their own practices and better serve their clients, sought an independent model that provided fee-only advisory services and acted as a fiduciary. While there are a variety of firms and affiliation models to choose from when going independent, the Uptick founders ultimately started their own RIA after much research. They are now leveraging the knowledge gained from their own experience and the infrastructure built when starting their own RIA to help other advisors successfully transition to independence, which is a growing trend within the industry.

According to research from Cerulli Associates, while 70% of advisors express a preference for independence, only 44% have taken that route. Many in the advisory field are breaking away from larger firms seeking entrepreneurial freedom, the ability to foster closer client relations as fiduciaries, and the capacity to build equity in their own businesses. Uptick was formed to provide advisors with an easy way to go independent and a blueprint to follow that reflects the lessons our founders learned during their own journey. Uptick is a firm that was built to empower and equip advisors with all they need when transitioning to independence, which includes a turnkey solution for managing their practices, as well as a turnkey solution for managing their clients’ money.

Read the article to learn more about our founders’ evolutionary journey in the financial advisory space, which began in 1981 when the patriarch, Paul, joined Edward Jones post-military service. Steve followed in 1992, with Jason and Taylor joining more recently. The founders’ collective commitment to positively impacting their clients’ lives was a driving force behind their decision to shift to an independent model.  They believe in independence and Uptick was founded as a way to help other advisors navigate the complexities of breaking away and provide them with a “home” that provides all the necessary tools and infrastructure needed when going independent.

The narrative of our founders is emblematic of a larger movement within the industry, which as discussed above, has seen an “uptick” of advisors gravitating toward independent models.  This notable shift in the wealth management paradigm represents where the industry is headed and why a solution for independence is needed. The founders of Uptick believe the future of wealth management and financial advising is independence – for advisors and for their clients. To help these advisors embrace a brighter future and better tomorrow when going independent, Uptick was born, and the rest we expect to be history.

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