---
title: $500M FA Duo Departs to Ashton Thomas
description: $500M FA Duo Departs to Ashton Thomas
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---

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# $500M FA Duo Departs to Ashton Thomas

**Written by: ** John Washington, Data Research Analyst 

![](https://dakotafunds.com/hubfs/Imported_Blog_Media/NewYork-2.jpg)

Ashton Thomas Private Wealth, associated with Arax Investment Partners, has expanded its network by welcoming a team from Raymond James' Alex.Brown division. The McDonagh Bauers Private Wealth Team, led by Ted McDonagh and Daniel Bauers, is located in New York and oversees approximately $500 million in assets.

Ted McDonagh began his career in the financial industry in 1997 at Prudential Securities and had a stint with Lehman Brothers before joining Alex.Brown in 2008. Daniel Bauers started in 2008 with Lehman Brothers before joining Alex.Brown. Both had previous experience at Deutsche Bank Securities before joining Raymond James in 2016.

The team is also supported by senior registered associate Justine Kinaj.

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