Asset Management

AssetMark: Plan For Expansion Into Private Markets

By Amit Chowdhry ● Jul 28, 2025

AssetMark, a leader in wealth management solutions, is poised to expand into private markets, with new offerings slated to launch in Q4 2025. This initiative aims to integrate private assets into AssetMark's managed solutions, enabling advisors to create more resilient and personalized portfolios.

Sixth Street: Stuart Wrigley Named As Partner

By Amit Chowdhry ● Jul 26, 2025

Sixth Street, a leading global investment firm, has appointed Stuart Wrigley as Partner and Head of Sixth Street Asia Pacific, as well as Head of Capital Formation and Strategy International. He will also oversee the firm’s new Singapore office, set to open in October 2025.

Steward Partners Brings In $502 Million Advisor Mike Wood

By Amit Chowdhry ● Jul 26, 2025

Steward Partners, an employee-owned independent financial services firm, welcomes financial advisor Mike Wood, who joins with $502 million in client assets at the Norfolk, VA, branch.

Homrich Berg: Equity Participation Program Launched

By Amit Chowdhry ● Jul 26, 2025

Homrich Berg Wealth Management (HB), a fee-only wealth advisor with $25 billion in assets under management, has introduced a new program to foster a culture of ownership among all non-shareholder employees. The Equity Participation Program offers these employees with equity participation, reflecting HB’s belief that those contributing to the firm’s success should share in its rewards.

Edward Jones: 53 SMAs Added to its Managed Account Platform

By Amit Chowdhry ● Jul 26, 2025

Edward Jones is expanding its suite of advisory services by significantly increasing the number of separately managed accounts (SMAs) available, with plans to triple the offerings by year-end.

EP Wealth Brings In $1.2 Billion Team Rappaport Reiches

By Amit Chowdhry ● Jul 26, 2025

EP Wealth Advisors, a fee-only RIA, announced a partnership with Chicago-based Rappaport Reiches Capital Management (RRCM), adding over $1.2 billion in assets to its Chicago operations.

Bluespring Wealth Partners Onboards $364 Million Firm Halcyon

By Amit Chowdhry ● Jul 26, 2025

Bluespring Wealth Partners has acquired Halcyon Wealth Advisors, which manages $364 million and is affiliated with Kestra Financial.

PNC Bank And Coinbase: Strategic Partnership For Advancing Digital Asset Solutions

By Amit Chowdhry ● Jul 26, 2025

PNC Bank partnered with Coinbase to expand access to secure digital asset solutions for clients and investors. PNC will also offer select banking services to Coinbase, showing a shared commitment to the strong digital financial system.

Osaic: Majority Stake Acquired In $700 Million Team Innovative Wealth

By Amit Chowdhry ● Jul 25, 2025

Osaic, a major wealth management firm, acquired a majority stake in Innovative Wealth Team, which manages about $700 million.

BNY Mellon And Goldman Sachs Partner To Launch Tokenized Money Market Funds

By Amit Chowdhry ● Jul 25, 2025

BNY Mellon and Goldman Sachs launched a joint initiative to improve the transferability of Money Market Fund (MMF) shares. BNY Mellon will use Goldman Sachs' GS DAP blockchain to create a mirrored, tokenized record of MMF ownership.

Barclays: Alex Ham Named As Global Chairman Of Investment Banking

By Amit Chowdhry ● Jul 24, 2025

Barclays has appointed Alex Ham as Global Chairman of Investment Banking in London. With 20 years of experience, Ham joins from Deutsche Bank, where he was Co-CEO of Deutsche Numis and Head of Global Private Growth Capital.

Anthelion Capital: Alex Jenner Named As Co-Portfolio Manager

By Amit Chowdhry ● Jul 24, 2025

Anthelion Capital, a technology-driven asset manager specializing in capital solutions and credit strategies, has appointed Alex Jenner, CFA, as Co-Portfolio Manager of its CLO business. Jenner joins from GIC, where he was Senior Vice President and Portfolio Manager on the Corporate Credit team, focusing on global leveraged loans and CLO strategies.

Tiger Finance: Jason Rae Named As National Sales Director

By Amit Chowdhry ● Jul 24, 2025

Monarq Asset Management: Sam Gaer Named As CIO

By Amit Chowdhry ● Jul 23, 2025

Monarq Asset Management, formerly known as MNNC Group, has appointed Sam Gaer as Chief Investment Officer to lead its Directional Investment Strategy. With 25+ years of experience in institutional trading and asset management, Gaer will help guide Monarq's growth.

Axxcess Wealth: Deron McCoy Named As Chief Wealth Officer

By Amit Chowdhry ● Jul 23, 2025

Axxcess Wealth Management, a TAMP platform for high-net-worth clients and their advisors, has appointed Deron T. McCoy, CFA, CFP, CAIA, AIF, as Chief Wealth Officer. This strategic move enhances Axxcess's commitment to providing personalized insights for advisors in the current complex investment environment.

Goldman Sachs Launches Private Credit Collective Investment Trust

By Amit Chowdhry ● Jul 22, 2025

Goldman Sachs Asset Management has launched the Goldman Sachs Collective Trust – Private Credit Fund (GS Private Credit CIT). Managed by Goldman Sachs Asset Management, this fund is designed for defined contribution (DC) plans, offering access to private credit investments tailored for retirement portfolios.

Summit Financial: Strategic Investments In Four Firms Managing $1.2 Billion In Client Assets

By Amit Chowdhry ● Jul 22, 2025

Summit Financial announced a strategic collaboration with Merchant Investment Management, resulting in significant investments in four new partner firms: Crow Financial Advisors, Everest Consultants, Heritage Wealth Partners, and LPF Advisors. These strategic partnerships are a testament to the growing strength of the Summit-Merchant alliance, which facilitates the rapid expansion of Summit’s elite national network of wealth managers who are focused on growth and excellence.

Goldman Sachs Reportedly Launches New Program For Retaining Interns

By Amit Chowdhry ● Jul 22, 2025

Goldman Sachs has reportedly introduced a new program aimed at retaining its top interns and preventing them from being poached by private equity firms and other competitors. This initiative is a significant strategic move for the bank in the ongoing "war for talent."

Monetary Authority Of Singapore Appoints First Batch Of S$5 Billion Asset Managers

By Amit Chowdhry ● Jul 21, 2025

The Monetary Authority of Singapore (MAS) has unveiled the selection of the first asset managers participating in the ambitious S$5 billion Equity Market Development Programme (EQDP). This strategic initiative aims to strengthen Singapore's equity market and foster its growth. In this initial phase, MAS, in partnership with the Financial Sector Development Fund (FSDF), will allocate S$1.1 billion to these chosen asset managers, providing them with vital resources to enhance their investment strategies.

SS&C Technologies Acquiring Calastone For About £766 Million

By Amit Chowdhry ● Jul 21, 2025

SS&C Technologies has made a significant announcement regarding its plans to acquire Calastone, a prominent player in the financial technology space. As the world's largest funds network, Calastone excels in providing innovative solutions for the wealth and asset management industries. This strategic deal, which is expected to enhance SS&C's offerings in these sectors, comes with a substantial price tag of approximately £766 million, equivalent to about US $1.03 billion.

Goldman Sachs Asset Management: Samuel Green Named As Managing Director

By Amit Chowdhry ● Jul 21, 2025

Samuel Green has recently been appointed as the Managing Director at Goldman Sachs Asset Management (GSAM). In his new position, based in Sydney, he will oversee the firm's real estate investments across Australia. This role involves steering the strategic direction and fostering the growth of Goldman Sachs Alternatives' equity and credit real estate platform in the region.

Franklin Templeton: Rich Nuzum Named As Head of OCIO

By Amit Chowdhry ● Jul 19, 2025

Franklin Templeton announced that Rich Nuzum, former Executive Director of Investments at Mercer, has joined Franklin Templeton Investment Solutions (FTIS) as Head of OCIO. Nuzum will be based in New York and report directly to Adam Petryk, Head of Franklin Templeton Investment Solutions.

Wealthbox Integrating With Envestnet For Investment Management

By Amit Chowdhry ● Jul 19, 2025

Wealthbox has introduced a new integration with Envestnet, enhancing investment management capabilities within the Wealthbox CRM platform for financial advisors. This integration enables advisors to easily access Envestnet account information and navigate between platforms using single sign-on (SSO), all from Wealthbox.

Man Group Onboarding $3 Billion Firm Bardin Hill

By Amit Chowdhry ● Jul 18, 2025

Man Group, a global alternative investment management firm, has acquired Bardin Hill, a U.S. private credit manager with about $3 billion in assets under management.

Stratos Wealth: Strategic Investment Raised From SEI

By Amit Chowdhry ● Jul 18, 2025

SEI and Stratos Wealth Holdings have announced a partnership aimed at helping financial advisors expand their practices. SEI will make a strategic investment in Stratos, which supports financial advisors across various business models.

Maridea: Strategic Acquisition Of Pinnacle Wealth Management

By Amit Chowdhry ● Jul 18, 2025

Maridea Wealth Management has acquired Pinnacle Wealth Management, a client-focused advisory firm founded in 1994 and based in Chicago, IL.

Simplicity Buying RIA Firm Verity Asset Management

By Amit Chowdhry ● Jul 16, 2025

Simplicity Group Holdings, a leading financial products distribution company, has acquired Verity Asset Management, a Registered Investment Advisor based in Durham, NC. Founded in 1996, Verity helps clients maximize and preserve wealth with a client-focused approach. Its leadership team—Gordon Wegwart, Sean McGill, Amy Simonson, and Jeff Munsey—will remain in their roles and become Simplicity partners, working to expand the firm’s client base.

Eton Solutions: $58 Million Series C Raised For AI-Based Wealth Management Technology

By Amit Chowdhry ● Jul 16, 2025

Eton Solutions, a leading wealth management platform for the world's wealthiest single and multi-family offices, has closed a $58 million Series C funding round, led by returning investor Navis Capital Partners.

Fair Aim Capital: £30 Million Fund Closed For Driving AI Transformation

By Amit Chowdhry ● Jul 16, 2025

Fair Aim Capital, a newly established family-backed investment firm, has announced the launch of its £30 million fund. This fund is designed to acquire and transform UK small and medium-sized enterprises (SMEs) by strategically implementing artificial intelligence (AI) and optimizing digital marketing.

Creative Planning Onboards $430 Million Team Mosaic Pacific

By Amit Chowdhry ● Jul 16, 2025

Creative Planning, a national investment advisor, has acquired Mosaic Pacific, a Hawaiian financial advisory firm. The deal, finalized on June 30, 2025, adds approximately $430 million in assets under management to Creative Planning's portfolio.