Asset Management

Golub Capital: $2 Billion Sixth Credit Opportunities Fund Closed

By Amit Chowdhry ● Yesterday at 3:36 PM

Golub Capital announced the final closing of its sixth credit opportunities fund, GEMS Fund 6, L.P. (Fund 6), with $2 billion of investable capital. Fund 6 is Golub Capital’s largest Credit Opportunities fund to date. The commitments were over the target fundraise and came from a diverse range of global institutional and private wealth investors across North America, Europe, the Middle East, and Asia.

LPL Brings In $860 Million Strategic Wealth Partners Team

By Amit Chowdhry ● Yesterday at 3:29 PM

LPL Financial announced that the advisors at Strategic Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. This team reported serving about $860 million in advisory, brokerage and retirement plan assets and joins LPL from Lincoln Financial.

Deerpath Capital: 10th Collateralized Loan Obligation Closed At $452.61 Million

By Amit Chowdhry ● May 2, 2024

Deerpath Capital Management, LP announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This is Deerpath's first new issuance CLO this year.

Wealth Enhancement Group Adds $502 Million Lynch Retirement Investment Team

By Amit Chowdhry ● May 2, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $81.9 billion in client assets, announced that it has joined forces with Lynch Retirement Investment Group, a hybrid RIA located in Columbia, Maryland. The team of three financial advisors and three support team members, led by senior advisor John Lynch, manages over $502 million in client assets.

Credent Wealth Management Brings In Two New Advisor Firms

By Amit Chowdhry ● May 2, 2024

Auburn, Indiana-based Credent Wealth Management, a $2.5 billion fee-only RIA firm, announced William “Bill” Hoover of Euclid Advisory and James “Jim” Ward of Ward Wealth Management Services as the latest partner advisors to join Credent.

Mercer: $3.9 Billion In Commitments Closed For PIP VII

By Amit Chowdhry ● May 2, 2024

Mercer, a global leader in redefining retirement and investment outcomes (and a business of Marsh McLennan), announced the successful fundraising for Mercer Private Investment Partners VII (PIP VII). The fund secured limited partner (LP) capital commitments totaling over $3.9 billion.

Raymond James: $125 Million Financial Advisor Sloane Fox Joins

By Amit Chowdhry ● May 2, 2024

Raymond James’ Southeast division director for Raymond James Financial Services (RJFS) Todd Gartrell announced financial advisor Sloane Fox has joined Raymond James Financial Services (RJFS) – which is the firm’s independent advisor channel.

Huntington National Bank: Melissa Holding Named As Director Of Wealth Management

By Amit Chowdhry ● May 2, 2024

The Huntington National Bank announced the appointment of Melissa Holding as Director of Wealth Management. Holding will oversee the Wealth Management business, including private banking, wealth management, and legacy planning via investment and portfolio management, fiduciary administration and trust services, institutional custody services, and full-service retail brokerage investments. And Holding will focus on growing Huntington's wealth segment momentum and report to Consumer & Regional Banking President Brant Standridge.

Palistar Capital: Brittenay Banh Named Principal, Head of Investor Relations & Capital Formation

By Amit Chowdhry ● May 2, 2024

Palistar Capital LP, an alternative asset manager focused on mission-critical communications and digital infrastructure, announced the appointment of Brittenay Banh as Principal, Head of Investor Relations & Capital Formation.

LPL: $190 Million Financial Advisor Justin Souma Returns

By Amit Chowdhry ● May 2, 2024

LPL Financial announced that financial advisor Justin Souma, CFP, AAMS, returned to LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving about $190 million in advisory, brokerage, and retirement plan assets and joins LPL from Benjamin F. Edwards & Co.

Focus Financial Partners: Michael Nathanson Named As CEO

By Amit Chowdhry ● May 2, 2024

Focus Financial Partners, a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson (President of Focus) has been appointed the company’s Chief Executive Officer (CEO), effective immediately. Dan Glaser, Chairman of Focus’ Board of Directors and Operating Partner at Focus’ majority investment partner, Clayton, Dubilier & Rice (CD&R) - who had been serving as Interim CEO - has been named Executive Chairman.

LPL Brings In $415 Million Momentum Wealth Partners Team

By Amit Chowdhry ● May 1, 2024

LPL Financial announced that financial advisors Chris Mukoda, Brad Travis, Jr., CFP, and David Crouse joined LPL Financial’s broker-dealer, RIA, and custodial platforms by aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. They reported serving about $415 million in advisory, brokerage, and retirement plan assets and joined LPL from PNC Investments.

Houlihan Lokey: Senior Hires Brought In For Technology Group

By Amit Chowdhry ● May 1, 2024

Global investment bank Houlihan Lokey announced that Ryan Lund has joined the firm’s global Technology Group as a Managing Director. Lund is based in Miami and has been appointed Co-Head of U.S. Technology alongside John Lambros and Jason Hill and Global Co-Head of Software with Sascha Pfeiffer.

Advisor360°: Mike Fanning Named As CEO

By Amit Chowdhry ● May 1, 2024

Jump: Helping Wealth Managers Stay Compliant In A $1+ Billion Market

By Amit Chowdhry ● Apr 29, 2024

Jump is a company that uses AI to help wealth managers automatically take notes, stay compliant, and update their CRM. Pulse 2.0 interviewed Jump co-founder and chief operating officer (COO) Tim Chaves to learn more about the company.

401GO: Retirement Plan Provider Company Secures $12 Million

By Amit Chowdhry ● Apr 28, 2024

401GO, a next-generation retirement plan provider for employers, advisors, and individuals, announced the completion of its $12 million Series A funding round led by Next Frontier Capital. Additional investors include Rally Ventures, which joined existing investors Impression Ventures and Stout Street Capital.

GTCR To Buy Wealth Management Tech Platform AssetMark For $2.7 Billion

By Amit Chowdhry ● Apr 27, 2024

AssetMark Financial Holdings (a leading wealth management technology platform for financial advisors) announced that it has signed a definitive agreement to be acquired by GTCR (a leading private equity firm with expertise in financial technology, wealth, and asset management). AssetMark stockholders will receive $35.25 per share in cash, representing a total equity valuation of about $2.7 billion. Under the terms of the deal, GTCR will buy a 100% interest in the company.

Ritholtz Wealth Management Pushes For Expansion With New Manhattan Beach Office

By Amit Chowdhry ● Apr 26, 2024

Ritholtz Wealth Management (RWM), a national RIA overseeing over $4 billion in assets for high-net-worth clients and institutions, announced opening a new office in the Manhattan Beach neighborhood of Los Angeles, California. Building on the recent opening of the firm’s Charlotte, North Carolina office, this expansion highlights the appeal of RWM’s sophisticated yet straightforward approach to financial planning and asset management.

LPL Brings In $800+ Million Heritage Private Wealth Team

By Amit Chowdhry ● Apr 26, 2024

LPL Financial announced that financial advisor Clayton Ortloff has launched a new independent practice called Heritage Private Wealth through affiliation with LPL Financial’s supported independence model LPL Strategic Wealth Services. And he reported having served about $800 million in advisory, brokerage and retirement plan assets and joins LPL from Merrill Lynch.

Wilmington Trust Reveals Global Capital Markets Team Additions

By Amit Chowdhry ● Apr 25, 2024

Wilmington Trust, a leader in corporate and institutional trust services, announced changes to its Global Capital Markets (GCM) leadership team. Susie Aliker will be welcomed as head of GCM Europe, and Alan Geraghty will be named head of GCM Global Product Management.

Epiris: Mike Ebeling Joins Senior Investment Team

By Amit Chowdhry ● Apr 25, 2024

Epiris has announced the appointment of Mike Ebeling as a partner on its investment team. Ebeling will join the firm’s executive and investment committees and work with Epiris’ investment team to deploy Epiris Fund III, which held its final close in February with total commitments of £1.044 billion. The fund's target was £850 million and oversubscribed at its hard cap.

Jolt Capital Names Zineb Semlali As Director of Investor Relations

By Amit Chowdhry ● Apr 25, 2024

Jolt Capital, a leading private equity firm specializing in European growth tech companies, announced the appointment of Zineb Semlali as Director of Investor Relations. Semlali will report to Chairman and Managing Partner Jean Schmitt and will actively participate in the company's fundraising efforts.

Homrich Berg: Andrew Page Named As Head of Corporate Development

By Amit Chowdhry ● Apr 25, 2024

Homrich Berg (HB), a leading Atlanta-based RIA serving families and investors from its offices in the Southeast, announced it is welcoming Andrew Page as Head of Corporate Development. HB launched this new position to add a leader utilizing Page’s dealmaking experience - signaling the $16 billion firm’s continuing focus on growth by acquisition.

Rockefeller Asset Management Brings In 3 Veteran Portfolio Managers

By Amit Chowdhry ● Apr 25, 2024

Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, announced it has added three high-yield and investment-grade municipal bond professionals, including Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.

Alpha Capital Family Offices: Tom Riley Hired To Lead Portfolio Management

By Amit Chowdhry ● Apr 25, 2024

Alpha Capital Family Offices (ACFO) announced that it has recruited industry veteran Tom Riley, CFA (Chartered Financial Analyst), to join and lead portfolio management at the firm.

EQT: Private Wealth Team Expanded With Hiring Of Peter Aliprantis

By Amit Chowdhry ● Apr 24, 2024

EQT announced the appointment of Peter Aliprantis as partner and head of EQT's fast-growing Private Wealth Management business in the Americas. Aliprantis will report to Peter Beske Nielsen, partner and global head of private wealth, based in EQT's New York office.

Silver Creek Capital: Nathan Kelso Named As Chief Technology Officer

By Amit Chowdhry ● Apr 24, 2024

Silver Creek Capital Management, an alternative investment boutique focused on building investment solutions for institutional and sophisticated investors globally, announced that Nathan Kelso has joined the firm as Chief Technology Officer. For over a decade, Kelso was Chief Information Security Officer of Research Affiliates, a leader in smart beta and asset allocation, and earlier worked in a senior information technology role at BlackRock.

The AmeriFlex Group Surpasses $11.5 Billion In Client Assets

By Amit Chowdhry ● Apr 23, 2024

The AmeriFlex Group, a rapidly growing, advisor-owned hybrid RIA that prioritizes financial planning, recently announced it has surpassed $11.5 billion in total client assets. For the first quarter alone, the firm grew its assets under administration (AUA) by 17%, representing $1.9 billion.

UBS Brings In Financial Advisor Team Headed By Christopher Toregas In LA

By Amit Chowdhry ● Apr 22, 2024

UBS Wealth Management USA announced that Christopher Toregas, CFP, has joined the firm as a Managing Director and Senior Portfolio Manager in the Century City office. Toregas and his team joined the firm’s Los Angeles Market, managed by Market Executive Lauren Gorsche and Market Director Kreg Pearless.

Apella Wealth: AUM Increased By $464 Million With ClearLogic Financial Addition

By Amit Chowdhry ● Apr 22, 2024

Apella Capital (DBA Apella Wealth), a financial advisory and wealth management firm serving individuals, families, and businesses, announced today that ClearLogic Financial, a registered investment advisor (RIA), has joined the firm. This acquisition establishes Apella’s presence in Reston, VA, and adds to its regional financial planning and investment management capabilities.