Citywire reports on the launch of Cleros Wealth Partners, an independent RIA in Fort Worth, Texas, founded by former UBS advisors Kyle Kight, Alex Armstrong, and Jamie Packer. The 11-person team previously managed more than $3.6B at UBS.
Elevation Point provided a minority investment, and Cleros selected Goldman Sachs Custody Solutions as its custodian. The firm serves high net worth families primarily in the Dallas-Fort Worth area, along with endowments and foundations.
Citywire also examines Cleros’s operating structure. Its initial Form ADV identifies Pontera for managing held-away assets, while some advisors maintain brokerage registrations with Purshe Kaplan Sterling Investments. The firm had not yet reported assets under management, distinguishing its new RIA filings from the assets the team previously managed at UBS.
For broader context on advisor destinations and affiliation choices, explore Diamond Consultants’ H1 2026 Wirehouse Advisor Transition Report.
