Four investment advisers have left Atlantic Union Bankshares in Richmond, Va., to form their own firm.
Dover Advisors was launched in August after the advisers left the $19.7 billion-asset Atlantic Union’s wealth management division, according to Richmond BizSense.
The firm’s president, Jess Ellington, had been the bank’s chief investment officer. He had led the bank’s registered investment adviser division, which was sold to Cary Street Partners.
Ellington and the other investment advisers were at Middleburg Trust, which was sold to Access National Bank in 2017. Atlantic Union bought Access National two years later.
Dover Advisers also said John Mason Antrim, who worked with the other advisers at Middleburg Trust, had also joined the team.
The firm has around $100 million in assets under management.