AdvisorHub reports on the launch of Cleros Wealth Partners, a Fort Worth team that managed more than $3.6B at UBS. Led by Kyle Kight, Alex Armstrong, and Jamie Packer, the firm includes eight support staff and custodies client assets with Goldman Sachs Custody Solutions.
Cleros is the largest team Elevation Point has backed. According to registration records cited in the article, Elevation Point owns between 10% and 25% of the firm.
AdvisorHub distinguishes Cleros’s structure from several other UBS teams backed by Elevation Point: Cleros operates under its own independent Form ADV rather than Elevation Point’s corporate RIA.
For broader context on where wirehouse advisors are moving, explore Diamond Consultants’ H1 2026 Wirehouse Advisor Transition Report.
