Asset Management

Potomac Fund Management: $4.4 Billion AUM Milestone Drives Enhanced SDBA Retirement Solution Launch

By Amit Chowdhry ● Today at 3:28 PM

Potomac Fund Management, a tactical asset manager focused on risk management solutions, announced that its client assets under management have surpassed $4.4 billion, representing growth of more than 3,000% since 2020. The company said the milestone reflects continued demand from financial advisors for its quantitative and disciplined approach to managing risk.

MAI Capital Acquires Service Academy Capital Management To Expand Texas Presence And Ultra-High-Net-Worth Offering

By Amit Chowdhry ● Today at 9:20 AM

MAI Capital Management announced the acquisition of Service Academy Capital Management (SACMGT), a Dallas-based registered investment advisor serving ultra-high-net-worth individuals, families, institutions, and family offices. SACMGT will join MAI’s ultra-high-net-worth division, Evoke. Financial terms of the transaction were not disclosed.

Citadel Securities: $4.3 Billion Q1 Revenue Record Fueled By Market Volatility

By Amit Chowdhry ● Today at 12:21 AM

Citadel Securities generated a record $4.3 billion in trading revenue during the first quarter of 2026, capitalizing on heightened market volatility that swept across global financial markets amid escalating geopolitical tensions involving Iran, according to a report by the Financial Times.

LPL Onboards $600 Million Firm Soundview Wealth Management

By Amit Chowdhry ● Today at 12:17 AM

LPL Financial announced that financial advisors Michael Stevenson, David Johnson, and Nikko Gronhovd, CFP®, of Soundview Wealth Management, LLC have joined the firm's broker-dealer and Registered Investment Advisor platform. The team joins from D.A. Davidson and reported serving approximately $600 million in advisory, brokerage, and retirement plan assets.

Carson Group Welcomes $320 Million Advisory Firm Tungsten Wealth Management To Independent Advisor Channel

By Amit Chowdhry ● Today at 12:16 AM

Carson Group announced that Tungsten Wealth Management has joined the firm's independent advisor channel, expanding Carson's network of partner firms and reinforcing its position as a leading wealth advisory platform. Carson Group manages more than $58 billion in assets under management and supports more than 165 partner offices nationwide.

Ceros Financial Services Appoints Cassel Shapiro As Head Of Capital Markets

By Amit Chowdhry ● Today at 12:10 AM

Ceros Financial Services, a national full-service broker-dealer focused on disruptive technologies, announced the appointment of Cassel Shapiro, CFA, as Head of Capital Markets.

UBS’ Research Suggests Family Offices Are Pivoting Toward Diversification, AI, And Portfolio Resilience

By Amit Chowdhry ● Yesterday at 8:51 PM

UBS has released its Global Family Office Report 2026, revealing that family offices worldwide are increasingly prioritizing resilience, diversification, and long-term thematic investments as geopolitical tensions and economic uncertainty reshape investment strategies. The report surveyed 307 family offices across more than 30 markets, representing families with an average net worth of $2.7 billion and family offices managing an average of $1.3 billion in assets.

Dispatch Launches Advisor Transitions To Accelerate Advisor And Asset Migrations Between Firms

By Amit Chowdhry ● Yesterday at 8:21 PM

Dispatch announced the launch of Advisor Transitions, a new software solution designed to help wealth management firms move advisors, client accounts, and assets between firms more efficiently. The product becomes the fourth core workflow on the Dispatch platform, joining account opening, client onboarding, and real-time data synchronization.

LPL: $240 Million Firm Schott Financial Management Onboarded

By Amit Chowdhry ● Yesterday at 7:52 PM

LPL Financial announced that financial advisor Steve Schott, MBA, and his firm, Schott Financial Management, have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The firm reported serving approximately $240 million in advisory, brokerage and retirement plan assets and transitioned to LPL from Cambridge Investment.

Raymond James: $2.8 Billion Firm Financial Strategies Retirement Partners Joins

By Amit Chowdhry ● Yesterday at 7:51 PM

Raymond James announced that Financial Strategies Retirement Partners (FSRP), a Bedford, New Hampshire-based advisory firm overseeing $2.8 billion in client assets, has joined Raymond James Financial Services (RJFS), the firm’s independent advisor channel.

Future Standard Appoints Chris Keogh As Co-President And Head of Client Engagement And Capital Formation

By Amit Chowdhry ● Yesterday at 7:16 PM

Future Standard, a global alternative asset manager with more than $94 billion in assets under management, announced the appointment of Chris Keogh as Co-President and Head of Client Engagement and Capital Formation. Effective in the fall of 2026, Keogh will oversee the firm's global institutional and wealth distribution platform, working closely with investment leadership to expand client relationships and deliver the firm's full range of investment solutions across its global businesses.