A four-advisor team from Alpharetta, Georgia, has left Wells Fargo's independent advisor channel for LPL Financial, taking roughly $1.1 billion in client assets. InvestmentNews flagged the move in its advisor moves column on Oct. 6, pairing it with a separate report that Wells Fargo gained a $410 million family team from UBS.
The group operates as Praxis Financial Partners. According to FA Magazine, its advisors are Scott Christian, Cecil Loyd, Jay Gentry and Matt Dion, and they registered with LPL in September 2026. The research record also spells Loyd's name as Lloyd in one place; this article uses Loyd, as in most of the sourced material.
The $1.1 billion figure covers advisory, brokerage and retirement plan assets and is based on year-end 2025 data, according to LPL's announcement as published on Stock Titan. The team came from Wells Fargo Advisors Financial Network, known as FiNet, which is Wells Fargo's independent advisor channel.
WealthManagement.com reported on the advisors' tenure at the firm. Dion had been with Wells Fargo for about 16 years, Christian and Loyd for 13 years each, and Gentry for six years.
Praxis is a planning-focused practice that Christian and Loyd founded in 2013 after working together for decades, per LPL's announcement. It serves business owners, corporate retirees, executives and multigenerational families across 24 states. Gentry joined in 2020 after 20 years in asset management distribution, and Dion joined in 2024 after 15 years as an advisor. The announcement also lists six support staff: Jody Smith, Zac Hirschler, Ashlyn Presley, Ellen Rick, Seleena Harris and Parvathy Eashwaran.
FA Magazine reported that the team evaluated more than a dozen firms before choosing LPL. It cited LPL's resources and scale, along with the ability to keep ownership of their business and retain succession options, as reasons for the choice.
LPL, based in San Diego, describes itself as an independent broker-dealer. Its SEC filings, as cited in the research, say it supports more than 32,000 financial advisors and the wealth management practices of roughly 1,100 financial institutions, and that it services about $2.6 trillion in brokerage and advisory assets.
The second half of InvestmentNews' headline concerns a $410 million family team moving from UBS to Wells Fargo. Beyond the headline summary, no further details on that team, including its members or location, were available in the material reviewed, so this article does not elaborate on it.