Pulse 2.0

Raymond James To Acquire $46 Billion Firm Clark Capital Management

BlackRock AUM Tops $14 Trillion As Fourth-Quarter Rally Lifts Fees And Profit

Fundera Network Launches AI-Powered Platform Built for Clarity

Black Titan Lands Up To $200 Million Convertible Note Facility To Expand DAT+ Digital Asset Strategy

MillerKnoll Adds Former J. Jill CEO Claire Spofford To Board

Rochefort Asset Management Provides Senior Secured Loan To Uo Arms

By Amit Chowdhry ● Today at 8:04 AM

Rochefort Asset Management said it has closed a senior secured loan to Uo Arms, a Dallas-based firearms manufacturer, to expand production capacity and accelerate development of the company’s NT7 personal defense weapon platform.

Mariner Independent Adds $275 Million Firm Alinity Wealth Management

By Amit Chowdhry ● Yesterday at 10:01 PM

Mariner Independent, the independent advisory channel of Mariner, announced Alinity Wealth Management, a planning-focused advisory firm overseeing $275 million, has joined its platform as the Baton Rouge-based team looks to expand capabilities while maintaining control of its business.

Harbor View Private Wealth Goes Independent With Minority Investment From Elevation Point

By Amit Chowdhry ● Yesterday at 9:49 PM

Elevation Point announced it has made a strategic minority investment in Harbor View Private Wealth, an Atlanta-based wealth management firm whose team oversaw approximately $1.3 billion in client assets at its prior firm.

Sage Advisors Joins Apollon Wealth Management, Expanding Midwest Footprint

By Amit Chowdhry ● Yesterday at 9:44 PM

Apollon Wealth Management is adding Indiana-based registered investment adviser Sage Advisors to its growing national organization, extending the firm’s reach in the Midwest and continuing its strategy of partnering with relationship-driven advisory practices.

SEC Names J. Russell “Rusty” McGranahan As General Counsel

By Amit Chowdhry ● Yesterday at 9:17 PM

The Securities and Exchange Commission has appointed J. Russell “Rusty” McGranahan as its new General Counsel, placing a veteran securities and M&A attorney in the role of the agency’s chief legal officer. McGranahan will lead the SEC’s legal function and provide counsel to the Office of the Chairman, the Commissioners, and staff across the agency.

Baird Hires Veteran Advisor Ken Murray To Expand Wealth Management Team In Fairfax

By Amit Chowdhry ● Yesterday at 9:10 PM

Baird has hired veteran advisor Ken Murray to help build out its private wealth management business in Northern Virginia, adding him as a director and financial advisor in the firm’s Fairfax office.

UBS Adds The Miller Group To Bellevue Office

By Amit Chowdhry ● Yesterday at 9:09 PM

UBS Global Wealth Management US has hired financial advisor Jeff Miller, bringing him and his team, The Miller Group, to the firm’s Pacific Northwest wealth management market. Miller will be based in UBS’s Bellevue, Washington office, which is led locally by Market Executive Robert Giordano.

Sanctuary Enterprise Partner Alluvial Adds $190 Million Ohio Advisor Bryan Blackburn

By Amit Chowdhry ● Yesterday at 9:07 PM

Sanctuary Wealth’s Enterprise Partner program added another large Ohio practice as Bryan Blackburn, a CFP with roughly $190 million in client assets, joined Alluvial Private Wealth and became a co-owner of the firm’s Cleveland business. Blackburn previously worked at Carnegie Investment Counsel and will take the title of vice president and wealth advisor at Alluvial, according to Sanctuary.

Micron To Buy PSMC’s Tongluo Fab Site For $1.8 Billion, Adding 300,000-Square-Foot Cleanroom And Expanding Taiwan DRAM Capacity

By Amit Chowdhry ● Yesterday at 8:45 PM

Micron Technology has signed an exclusive letter of intent to acquire Powerchip Semiconductor Manufacturing Corp.’s P5 fabrication site in Tongluo, Taiwan, in a deal valued at $1.8 billion in cash. The transaction would give Micron an existing 300mm cleanroom footprint of roughly 300,000 square feet, providing additional space to equip and ramp DRAM production as the company seeks to meet rising global demand for memory.