Sarah Berry and Michael Machnowski, previously with Wells Fargo Advisors, have teamed up to launch a fee-only RIA in Worcester, Massachusetts.
Called The Berry Group, the new business will offer financial planning and investment management services to individuals, families, and institutions.
Berry and Machnowski will be supported by wealth adviser Oliver Cragan and senior client service officer Cathy McGinty.
The Berry Group managing partner Sarah Berry said: “The financial needs for the families and institutions that we serve are wide-ranging and unique to each.
“As registered investment advisers, we can help clients realise each financial goal with the same distinctive approach in which it was imagined. As advisers, our first and foremost priority is our clients’ well-being.
“We feel this evolution of our business allows us to best serve our clients today and we look forward to serving our clients across the country and the entire Worcester community as an independent wealth management firm.”
Berry has been a member of boards and committees of various organisations in Worcester while Machnowski has industry experience of over 20 years.
Machnowski said: “I have been following the evolution of the fee-only business model for nearly a decade. I knew this transition to an RIA was something that our clients would greatly benefit from, and especially since it was going to be a relatively painless process.”
TradePMR will offer technology and custodial support to the new business.
The Berry Group also tapped First Clearing, a trade name used by Wells Fargo Clearing Service, to avail securities execution and brokerage clearance services.