Arkadios Names Ex-Truist Exec Michael Childs to Helm Private Wealth Platform
Hybrid independent broker-dealer Arkadios Capital has launched its private wealth platform and appointed Michael Childs, formerly of Truist, as the executive charged with building and scaling the venture.
Childs brings more than three decades of experience across corporate leadership, branch management and adviser recruiting, with senior roles at Truist from 2021 to 2026, as well as Morgan Stanley and Raymond James. With a background spanning both wirehouse and regional brokerage environments, Arkadios said Childs has had a firsthand view of the structural constraints that drive advisers to explore independence from W-2 channels.
“For years, I’ve partnered with exceptional advisers who have built meaningful businesses, often within structures that limit their full potential,” Childs said. “After years of evaluating platforms and affiliation models, it’s clear that Arkadios Capital offers the entrepreneurial platform and strategic vision best suited to support advisers pursuing independence.”
The private wealth platform is designed for advisory teams looking to break from wirehouses, family offices, and private banks. Arkadios said the platform is intended to reduce the friction and complexity that have historically made such transitions difficult, offering what it describes as a structured and fully supported pathway to independence.
Arkadios said it is positioning the platform on its adviser-founded culture and infrastructure rather than on recruiting economics alone.
“Launching the private wealth platform is about giving our advisers a clear path to scale – without the constraints of legacy models,” said David Millican, founder and chief executive officer of Arkadios Capital. “Michael’s experience building, recruiting, and leading high-performing teams directly translates into growth for our partner firms.”
Founded by advisers, Arkadios has nearly $20 billion in affiliated assets and more than 300 advisers across 100 offices in the United States and Puerto Rico.
The launch and Childs’s appointment come as the independent channel continues to attract advisers from traditional brokerage models.
Last month, Orizon Wealth Management, a Utah-based independent firm, transitioned approximately $250 million in assets under advisement from Northwestern Mutual to Arkadios. Also previously reported by AltsWire, Arkadios added Garden City, N.Y.-based Monogram Wealth Partners, an advisory firm overseeing more than $700 million in AUA. Monogram Wealth Partners was previously affiliated with Commonwealth Financial Network.
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