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DB Root & Co adds two advisory teams

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DB Root & Co is combining with two other financial advisory teams – R Applegate & Associates, and The Paul Abendroth Group.

The three firms’ combined assets will total USD5.2 billion in client assets with a team of 23 highly credentialed and experienced advisors.
 
Founder and CEO David B. Root says: “At DB Root, we are delighted to welcome R. Applegate & Associates, LLC and The Paul Abendroth Group and their teams to our firm. This truly furthers our vision to be one of the preeminent, independent retirement plan advisory firms within Pennsylvania and the broad Great Lakes Region of Michigan, Ohio and Indiana.”
 
R Applegate & Associates provides comprehensive financial planning, investment management and consulting services to high net worth families and family offices, entrepreneurs, businesses and non-profits. Led by Richard R Applegate, CFP, AIFA, CPFA, ChFC, CLU, the firm is also a leading adviser to retirement plan trustees and retirement plan committees. R. Applegate & Associates, LLC will remain an independent RIA over the next year with DB Root & Co. providing the firm with management and expanded support services.
 
According to Applegate, “DB Root & Co. has a strong and positive recognition in the Pittsburgh market. Dave has built a diversified team of highly credentialed advisors and staff which will translate into a support system through which we can better serve clients while also providing future continuity to our clients.”
 
Advisors Paul Abendroth and Ryan Borucki are leaving Rehmann Financial, a regional CPA firm, to join DB Root & Co. Based in Toledo, Ohio, they focus on both wealth management and 401(k) plans.
According to Abendroth, “We were impressed by the vision and structure of DB Root & Co. With this move, we anticipate leveraging our 401 (k) business and adding strength and investment solutions to our wealth management business.”
 
“At Dynasty, we are proud to partner with independent firms to power both organic growth and M&A including providing any necessary financing,” says Shirl Penney, President and CEO of Dynasty Financial Partners. “With the addition of R Applegate & Associates, LLC and The Paul Abendroth Group, Dave and his entire team expand significantly, increasing their footprint from the Great Lakes Region through central Pennsylvania. In addition, DB Root has immediately become a major presence in the retirement plan market.”

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