Telos Private Wealth Moves $300 Million to Hybrid B-D Arkadios Capital

Telos Private Wealth has transitioned nearly $300 million in assets under advisement to hybrid independent broker-dealer Arkadios Capital, the Alabama-based wealth management firm said, citing its pursuit of alternatives to increasingly consolidated, private equity-backed broker-dealer platforms.

Telos said Arkadios offers affiliating firms greater autonomy in managing their business and serving clients.

“From day one, our goal has been to build a firm that operates fully in alignment with our clients’ best interests and our own vision for growth,” said Matt Lemen, partner at Telos Private Wealth. “Arkadios provides the independence, infrastructure, and forward-thinking platform we need to do exactly that.”

Telos operates across the Southeast with offices in Birmingham, Dothan, and Enterprise, Alabama. The firm provides financial planning, investment management, and insurance and risk strategies. Its founding partners — Lemen, Billy Haskins, and Ken Azar — bring a combined four decades of advisory experience.

Arkadios Capital has more than $20 billion in affiliated assets across more than 300 advisers and 100 offices in the United States and Puerto Rico. The firm targets larger wealth management firms seeking scale without ceding independence.

“Telos Private Wealth represents exactly the type of forward-thinking firm we’re built to support,” said Nate Stibbs, director of corporate strategy at Arkadios Capital.

Telos said it plans to pursue organic growth and acquisitions in the Southeast following the transition.

In early April, Orizon Wealth Management, a Utah-based independent firm, transitioned approximately $250 million in AUA from Northwestern Mutual to Arkadios. Earlier, Compass Financial Services, a woman-owned registered investment advisory practice, transitioned more than $200 million in AUA from Commonwealth Financial Network to Arkadios.

Earlier this month, Arkadios Capital launched its private wealth platform and appointed Michael Childs, formerly of Truist, to lead it. Childs has more than three decades of experience in corporate leadership, branch management, and adviser recruiting, including senior roles at Truist from 2021 to 2026 and earlier positions at Morgan Stanley and Raymond James.

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