Fee-only, registered investment advisor (RIA) firm Brady Family Wealth has been launched to offer wealth management services to multi-generational clients across the US.

The St. Louis, Missouri-based firm, co-founded by CEO Tom Brady and CIO Andrew Brady, will specialise in providing investment management, financial planning, and estate planning to high-net-worth (HNW) individuals and families.

The father-son duo, who previously worked at Wells Fargo Advisors, is also joined by senior client relationship manager Sharon Schamel.

Tom Brady said: “We built our RIA business on serving clients and their families with complicated financial lives.

“Andrew and I believe the comprehensive technology and resources available to independent advisors will be a great fit for our team and our clients.”

Andrew Brady added: “We created Brady Family Wealth with the goal of delivering the highest standard of care and diligence for each family we serve. We feel that in order to do that well, we can only take on a limited number of new clients each year and maintain a high level of personalisation.”

Brady Family Wealth has partnered with brokerage and custodian services provider TradePMR for technology and custodial services.

Other developments in the US RIA space

The US RIA landscape is becoming increasingly consolidated.

This month, Canada’s CI Financial signed a deal to Chicago-based wealth and investment management firm Gofen and Glossberg to expand its presence in the broader Midwest of the US.

CI, which is looking to bolster its US presence as part of a global expansion strategy, signed a number of other deals this year.

These includes its agreement to buy a majority holding in US-based RIA Bluestein as well as acquisition agreements to takeover McCutchen Group, Portola Partners Group, and Radnor Financial Advisors.

In October, Fairport Wealth, a Cleveland-based Hightower advisory firm, snapped up Pennsylvania-based wealth management firm FMA Advisory, which oversees $500m in assets.