Indivisible Companions, an RIA launched in early 2025 by a gaggle of former Merrill Lynch executives, added a California agency managing $800 million in belongings, in accordance with an announcement on Wednesday.
Westlake Village-based FMB Wealth Administration’s advisors joined Indivisible in Might, in accordance with registration information. The agency, which additionally had a individually registered entity serving retirement plans, will proceed to function underneath the FMB model.
The transfer follows an inside succession plan by which Debra A. Fields, who co-founded FMB in 1994, transferred majority possession to her son, Jeremy J. Fields, together with Grant E. Blindbury and Daniel L. Mock.
“This transition to the following technology is a testomony to the agency’s origins,” Blindbury mentioned in an announcement. “This is a chance to not solely keep on the Fields’ legacy, however to share the story of its roots, and proceed the numerous progress we’ve achieved during the last eight years.”
The affiliation marks the eighth workforce or agency to hitch Indivisible since its founding. In January, it added an $882-million workforce after Stifel Monetary mentioned in a termination discover that it “misplaced confidence” within the founder. The advisor is disputing the allegation in arbitration.
Clearwater, Florida-based Indivisible had virtually $2.1 billion in belongings underneath administration as of March, in accordance with its newest Type ADV. It affords recruits fairness and transition help meant to “change present compensation for as much as 12 months,” in accordance with the submitting.
Indivisible is owned by a personal holding firm Forbaya, which is managed by former Merrill leaders John Thiel, in addition to Indivisible Chief Monetary Officer Tom Corra and Chief Working Officer John Hogarty. It was initially seeded by $four million in funding from the founders and their households.
Indivisible custodies with Constancy’s Nationwide Monetary Companies.