Atlanta-based Benefit Monetary Advisors has recruited one other staff from Commonwealth Monetary Community, based on an announcement from the $30-billion RIA on Wednesday.
The Bridgeway Group, a nine-person staff that features 5 advisors, was overseeing round $900 million in advisory and brokerage property at Commonwealth, based on the announcement. The staff works from two workplaces in Los Angeles.
Led by Matthew B. Dupon, Sean A. Montgomery and Scott E. Miller, who’ve joined Benefit as fairness companions, the group consists of monetary advisors Leo Wai, Arin Hovanesian and 4 help employees. They adopted the Benefit model when the deal closed on July 31.
Phrases weren’t disclosed.
Since saying its sale to LPL Monetary in early 2025, Commonwealth has misplaced six groups to Benefit. Latest strikes embody $420 million-asset Pradel, $860 million International Wealth Advisors and $1.2 billion Blueprint Wealth Advisors.
“There’s a distinction when the individuals main a corporation have really sat throughout the desk from shoppers and perceive an advisor’s day-to-day tasks,” Dupon stated in an announcement about their transfer.
Montgomery added that their expertise with Commonwealth, which was identified for its close-knit tradition, was “extremely constructive” and touted the accessibility of Benefit’s management and help.
An LPL spokesperson didn’t instantly reply to a request for remark.
Miller joined Commonwealth in 2018 after starting his profession lower than a yr earlier with one other Los Angeles-based RIA, Genter Capital Administration.
Dupon and Montgomery first registered with impartial broker-dealer Cetera, in 1998 and 2001, respectively. Dupon spent about three years dually registered with one other RIA known as Hind Monetary Group earlier than they each jumped to Commonwealth in 2013.
The deal to purchase the Bridgeway follow represents Benefit’s ninth M&A transaction of the yr, based on the announcement.
Benefit accomplished a minimum of 13 transactions in 2025, based on a tally from business funding financial institution DeVoe & Co. That was up from 5 in 2024 and eight in 2023.
Backed by Constellation Wealth Capital, Benefit is majority owned by management and staff. The RIA has greater than 150 advisors, based on its web site.