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Financial Advisory  + Wealth Management  |  May 1, 2025
Arkadios Capital Adds $350M UHNW Wealth Team 
Joe Palmisano
By: Joe Palmisano

Arkadios Capital Adds $350M UHNW Wealth Team 

Arkadios Capital, a hybrid independent broker/dealer, has added KRM Investment Counsel, a wealth management group managing over $350 million in assets, to its nationwide network of entrepreneurial advisors. 

Founded by Jim Rapp, Justin Klestinski, June DiNardo, and Alex Marmitt, KRM Investment Counsel brings more than 70 years of combined expertise, serving over 40 ultra-high-net-worth families. Previously with Wintrust Wealth Management, the firm operates offices in Chicago, Sarasota, and Naples. 

“KRM exemplifies the caliber of institutional-quality firms we are proud to support,” said Paul Pilcher of Arkadios Capital. “Their transition underscores the value of our platform for elite advisors seeking the freedom to tailor solutions and deepen relationships.” 

KRM’s transition to Arkadios reflects its commitment to independence, offering clients greater personalization and a fiduciary-focused model. With Arkadios’ technology, investment solutions, and compliance support, KRM can enhance its high-touch client experience while maintaining its boutique culture.  

Rooted in JP Morgan Private Bank expertise, KRM combines comprehensive wealth planning and investment management. 

In 2024, Arkadios aggressively expanded its advisor network, successfully recruiting multiple teams from competitor LPL Financial. The firm now oversees $13 billion in assets under advisement, supporting 250 advisors across 75 offices in the U.S. and Puerto Rico. 

Pictured l to r: Jim Rapp, Justin Klestinski, CFA, June DiNardo and Alex Marmitt, WMCP 

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Arkadios CapitalKRM Investment Counsel

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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