Asset Management

LPL: Scott Gilliam And Travis Blessing Launch Align Private Wealth With $2 Billion In Assets

By Amit Chowdhry ● Today at 8:22 PM

LPL Financial announced that financial advisors Scott Gilliam and Travis Blessing have launched a new independent wealth management firm, Align Private Wealth, through affiliation with LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team, which previously operated at PNC Private Bank, reported serving approximately $2 billion in advisory plan assets.

Cresset Onboards $1 Billion Wealth Advisor Ali Bathgate Hild

By Amit Chowdhry ● Today at 8:21 PM

Cresset announced that Ali Bathgate Hild has joined the firm as a Managing Director in its Denver office, strengthening the firm’s capabilities in serving entrepreneurs, business owners, and ultra-high-net-worth families navigating liquidity events, wealth transitions, and multi-generational planning.

Franklin Templeton Launches YCLO, An Actively Managed Investment Grade CLO ETF

By Amit Chowdhry ● Today at 7:23 PM

Franklin Templeton announced the launch of the Franklin BSP CLO ETF (YCLO), an actively managed exchange-traded fund designed to seek capital preservation and current income through investments primarily in investment-grade collateralized loan obligation (CLO) debt tranches across U.S. and European markets.

Robinhood And TradePMR Launch Advisor Network, AI Tools, And New Investment Access For RIAs

By Amit Chowdhry ● Today at 10:36 AM

Robinhood and TradePMR announced a series of new products and services for registered investment advisers (RIAs) and their clients at the SYNERGY26 conference in Washington, D.C. The announcements include the launch of the Robinhood Advisor Network, the introduction of Robinhood Cortex for Advisors, expanded access to Robinhood Ventures and IPO opportunities, and new programs designed to support advisor growth.

Vanguard S&P 500 ETF VOO Becomes First To Surpass $1 Trillion In Assets

By Amit Chowdhry ● Yesterday at 1:23 PM

Vanguard’s S&P 500 ETF VOO has become the first exchange-traded fund to surpass $1 trillion in assets under management, marking a significant milestone for the ETF industry and highlighting the continued growth of passive investing.

Wellington Management: $1.9 Billion Acquisition Of Hartford Funds Expands Wealth Management Platform

By Amit Chowdhry ● Yesterday at 10:58 AM

Wellington Management announced that it has entered into a definitive agreement to acquire Hartford Funds from The Hartford in a transaction with an estimated net present value of $1.9 billion. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and will operate under the Wellington brand.

Modern Wealth Onboards $1.1 Billion Firm Flaharty Asset Management

By Amit Chowdhry ● Yesterday at 10:54 AM

Modern Wealth Management announced that it has entered into an asset purchase agreement to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets. The transaction strengthens Modern Wealth’s footprint in Florida and adds an 18-person team, including nine advisors, to the firm’s growing national platform.

Altruist Expands Investment Offering With Alternative Assets And Integrated Advisor Tools

By Amit Chowdhry ● Yesterday at 10:41 AM

Altruist, the technology-driven wealth management platform for independent financial advisors, announced a major expansion of its platform with the addition of alternative investments, margin lending, options capabilities, and enhanced money movement features. The new offerings are designed to help advisors provide sophisticated investment strategies and private market access to a broader range of clients through a single digital platform.