Sovereign Investment Group, a Texas independent wealth management firm, announced Wednesday it hired Michael Koletar as a senior vice president of investments for its wealth management team.

Koletar joins the LPL Financial-affiliated independent wealth management firm from Wells Fargo Advisors, where he managed $50 million in assets, also as senior vice president of investments. He brings 26 years of experience in the financial services industry.

“The Sovereign Coast Wealth Advisors and Sovereign Investment Group teams are elated to have Michael Koletar join our family of financial professionals,” said Russell Gebhard, founder and president of Sovereign Investment Group. “His expertise in investment and wealth management, along with his dedication to clients, will integrate seamlessly with our philosophy of providing personalized service and unbiased advice with our clients’ best interests in mind.”

Koletar will join the team of 24 veteran financial professionals at Sovereign Coast Wealth Advisors LLC, an affiliate of Sovereign Investment Group.

 “I am very pleased to be associated with a firm that has access to the resources and technology I need to ensure optimal service for my clients,” said Koletar. “The range of strategies I can now offer them has expanded dramatically.”