Brad Brown and Mike Teegarden have struck out on their own – sort of.
It was announced Wednesday that the duo of financial consultants had started their own practice, Teegarden & Brown Wealth Management. But they’re doing it within the comfortable confines of Anderson Strudwick, where they are both also vice presidents of the firm’s private client group.
Officially teaming up on Jan. 1, Brown and Teegarden combined their books of clients, and their small practice now manages about $40 million in assets.
It will be based out of Anderson Struckwick’s Richmond home base on East Main Street and is focusing on long-term wealth management.
Brown has been with Anderson Strudwick since 1998. Teegarden began his career as a financial adviser with Morgan Stanley in 2000 and moved to Anderson Strudwick in 2007.
Are you sure that that $40MM figure is correct? $20mm of assets after 13 years in the business would be more likely to merit a pink slip than the “vice president” title at any firm in the country. I’m not trying to be a hater. I’m just saying… something doesn’t make sense about the data presented.
@ethan: I took that to mean their newly formed company is now managing that $40mm amount. I’d guess they only have a handful of clients that they were able to keep/get.