Four Practices Bring $1B to Newly Formed Ascentis Independent
Ascentis Independent Advisors, a relatively new Dallas-based registered investment advisor platform owned by Ascentis Wealth Holdings, has added more than $1 billion in client assets through four advisory practices that joined from Raymond James Financial Services, the firm announced.
Capital Waypoint, Citrus Wealth Management, IMPACT Financial Strategies and Rooted Wealth Management will continue to operate from offices in California and Colorado as part of Ascentis’ independent RIA platform. Before the moves, Ascentis had about $2.6 billion in assets under management, according to a spokesperson.
The four practices, which have been working together as a unified Raymond James branch since 2022, will continue to use Raymond James as their primary custodian, according to the announcement.
“Experienced advisors want the freedom to run their practices and the support to keep improving what they can deliver for clients,” Ascentis Holdings CEO Michael Mansur said in a statement.
Ascentis Holdings formed Ascentis Independent Advisors at the start of 2026 from an RIA formerly known as Golden State Equity Partners. The division, led by John Nahas, allows independent advisors to join while continuing to operate under their own brands. The holding firm also runs Ascentis Asset Management and Ascentis Wealth Management, which has more than $500 million in AUM, according to its most recent Form ADV.
Capital Waypoint joins with approximately $256 million in client assets and offices in Fresno and Monterey, Calif. The practice is led by Jarrod C. Martinez, managing director and wealth manager, who has more than 30 years of experience.
Citrus Wealth Management makes the move with about $230 million in client assets and is based in Redlands, Calif. Jeff Marvin, president and wealth manager, has 29 years of experience as a financial advisor.
IMPACT Financial Strategies has about $303 million in client assets and is based in Fort Collins, Colo. The practice is led by Justin Davis, a financial advisor with more than 25 years of experience.
Finally, Rooted Wealth Management joins Ascentis with about $275 million in client assets and is based in Modesto, Calif. Founding partners and financial advisors Thad Ortez and Robert Powell lead the practice, both bringing about 23 years of experience as advisors, according to their LinkedIn profiles.
