Atria Wealth Solutions, a Lee Equity Partners–backed wealth management holding company launched in 2017 by former Morgan Stanley executive Doug Ketterer, has recruited a team of advisors from New York Community Bancorp’s Flagstar Bank, which acquired Signature Bank in the wake of its collapse. Edwin Milner, Laura Palacios and Jason Kurz, which previously managed nearly $1.1 billion in client assets at Signature, join Cadaret Grant, one of Atria’s broker/dealer subsidiaries.

The three advisors will operate as an independent team with one of Cadaret Grant’s oldest and largest branches—American Investment Planners, in Jericho, N.Y. The trio, along with one support staff member, expect to bring as much as 90% of their client roster with them, according to William Morrissey, head of Atria’s independent channel and president of Cadaret Grant.

“They have had a big presence in Long Island,” Morrissey said, explaining the team has long had a relationship with AIP advisor Brian Amato. “As they were exploring independence, they looked to Brian, and Brian introduced them to us.”

Palacios, who will serve as executive vice president and senior financial advisor, said the move was driven by a desire to offer more services to clients and access better technology.

“Feedback from our clients, as well as the recent bank challenges, prompted us to seek a partner who understands our vision and has the capabilities and resources to help us realize that vision,” she said in a statement.

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