Nashville, TN-based Avondale Partners has appointed Waymon Tipton as a managing director, charged with expanding the firm’s wealth management business in terms of advisor recruitment and assets under management.

Tipton was formerly a vice president in the Nashville office at Stephens, the privately-held financial services firm. At Avondale, he will also serve as a member of the operating committee.

Tipton started his wealth management career in 1990 at Robinson Humphrey (now SunTrust Robinson Humphrey), where he was as an investment advisor to individuals and institutions.

Avondale Partners launched its wealth management unit in 2009 and currently employs five wealth management advisors overseeing $760 million in AuM. The firm is employee-owned, with six offices across the US.

Besides its Nashville headquarters, it also has a presence in: Baltimore, MD, Boston, MA, Chicago, IL, San Francisco, CA, and St Louis, MO.