Capitol Securities Adds Two Advisors to Florida Office
Capitol Securities Management has hired Joe Malave, CFP®, and Katy Carrigan to expand its Sarasota, Florida wealth management operations.
Capitol Securities Management has brought on Joe Malave, CFP®, as Vice President, Investments, and Katy Carrigan to its Sarasota, Florida office, the firm announced Friday. The additions signal continued growth for the independent broker-dealer's wealth management division.
Malave joins with more than 30 years of financial services experience, a tenure that spans multiple market cycles and client advisory roles. He will operate under the Optimal Wealth Management banner within Capitol Securities, carrying the title of Managing Director alongside his Vice President designation.
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The dual hire reflects a broader industry trend of experienced advisors gravitating toward independent broker-dealers, which typically offer greater autonomy in product selection and client service models compared with wirehouse platforms. Capitol Securities, headquartered in Richmond, Virginia, has expanded its advisor footprint across the Southeast in recent years.
Sarasota has emerged as a competitive market for wealth management services, driven by an influx of high-net-worth retirees and relocating professionals seeking comprehensive financial planning. The addition of a credentialed CFP® practitioner with Malave's depth of experience positions the firm to compete for that client base.
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