Asset Management

Ameriprise Financial Donates More Than $3 Million To Support Nonprofits And Communities

By Amit Chowdhry ● Aug 10, 2026

Ameriprise Financial has provided more than $3 million through grants and charitable matching programs as part of its efforts to support nonprofit organizations and communities across the U.S.

Potomac Fund Management Surpasses $5 Billion In AUM As Demand For Risk-Managed Strategies Accelerates

By Amit Chowdhry ● Aug 10, 2026

Potomac Fund Management has surpassed $5 billion in assets under management as financial advisors increasingly adopt quantitative, rules-based and risk-managed investment strategies.

CogniCor Adds Beacon Pointe Chairman And Co-Founder Shannon Eusey To Advisory Board

By Amit Chowdhry ● Aug 10, 2026

CogniCor has appointed Shannon Eusey, Chairman and Co-Founder of Beacon Pointe Advisors, to its Advisory Board as the AI wealth management technology company prepares for its next phase of strategic growth.

Rockefeller Global Family Office Adds Jones Wealth Partners And Expands Into Columbus

By Amit Chowdhry ● Aug 10, 2026

Rockefeller Global Family Office has added Jones Wealth Partners, a veteran wealth management team from Merrill Lynch, establishing a new office in Columbus, Ohio. The move expands Rockefeller’s presence in Ohio, where the firm already maintains offices in Cincinnati and Cleveland.

AlphaCore Wealth Adds $700 Million Firm Brave Family Advisors

By Amit Chowdhry ● Aug 7, 2026

AlphaCore Wealth Advisory has added Brave Family Advisors, a boutique wealth management practice overseeing approximately $700 million in client assets, expanding AlphaCore’s presence in the Northeast.

RBC Clearing & Custody Appoints Larry Agin As Business Development Manager

By Amit Chowdhry ● Aug 7, 2026

RBC Clearing & Custody has appointed Larry Agin as Business Development Manager as the company expands its business development organization supporting independent broker-dealers and registered investment advisors.

Allworth Financial Acquires $1.1 Billion Firm Sachetta And Arthur Stein Financial

By Amit Chowdhry ● Aug 7, 2026

Allworth Financial has acquired Sachetta, a Massachusetts-based wealth and tax advisory firm with approximately $1.1 billion in assets under management. And Allworth also announced the acquisition of Arthur Stein Financial, a Bethesda, Maryland-based registered investment advisor specializing in comprehensive financial planning for federal employees and retirees.

Raymond James Onboards $1.1 Billion Team The Carlson Group

By Amit Chowdhry ● Aug 7, 2026

Raymond James has added a four-advisor team that previously managed approximately $1.1 billion in client assets at Baird. Financial advisors Kurt Carlson, Kenneth Breaden, Cassidy Carlson and Brian Koble have joined Raymond James & Associates, the company’s employee advisor channel. The group will operate as The Carlson Group of Raymond James in Cranberry Township, Pennsylvania.

Kestra Appoints Kristan Garner As Head Of Client Service And John Milligan As Head Of Operations

By Amit Chowdhry ● Aug 7, 2026

Kestra Financial has appointed Kristan Garner as Head of Client Service and John Milligan as Head of Operations as the wealth management platform continues expanding its operational and client experience capabilities. The appointments support both Kestra Financial and its breakaway-advisor channel, Kestra Private Wealth Services. Garner will oversee advisor service, technology solutions and account services.

Prime Capital Financial Secures $600 Million Carlyle Investment At More Than $1.8 Billion Enterprise Value

By Amit Chowdhry ● Aug 7, 2026

Prime Capital Financial has entered a strategic partnership with Carlyle through an approximately $600 million hybrid capital solution that includes a minority ownership investment in the independent wealth management firm.

Sequoia Financial Acquires All Star Financial With $796 Million In AUM And $566 Million In Retirement Assets

By Amit Chowdhry ● Aug 6, 2026

Sequoia Financial Group has acquired All Star Financial, an independent wealth management firm based in the Minneapolis-St. Paul area. All Star Financial had approximately $796 million in assets under management and an additional $566 million in retirement plan assets under advisement as of June 30, 2026. Financial terms were not disclosed.

Wealth Enhancement Acquires $592 Million Firm Miramar Capital

By Amit Chowdhry ● Aug 6, 2026

Wealth Enhancement has acquired the investment advisory business of Miramar Capital, an independent registered investment advisor based in Northbrook, Illinois. Miramar Capital is led by founders and senior portfolio managers Bob Kalman and Max Wasserman and manages more than $592 million in client assets. The acquisition increases Wealth Enhancement’s total client advisory, trust and brokerage assets to more than $159.4 billion.

LPL Onboards $300 Million Firm Paxel Financial Consulting

By Amit Chowdhry ● Aug 6, 2026

LPL Financial has added the financial advisors of Paxel Financial Consulting to its broker-dealer and registered investment advisor platforms. The team, led by founder Chin Po, CPA, reported serving approximately $300 million in advisory, brokerage and retirement plan assets as of the end of 2025.

LPL: $400 Million Firm WestKai Private Wealth Joins Strategic Wealth Team

By Amit Chowdhry ● Aug 5, 2026

WestKai Private Wealth has joined LPL Financial’s supported independence model, LPL Strategic Wealth, after moving from Morgan Stanley. The San Clemente, California-based team reported serving approximately $400 million in advisory, brokerage and retirement plan assets.

Perigon Wealth Expands Rafia Hasan’s Role To COO And CIO

By Amit Chowdhry ● Aug 5, 2026

Perigon Wealth Management has expanded Chief Investment Officer Rafia Hasan’s leadership role to include Chief Operating Officer responsibilities as the independent wealth management firm prepares for its next stage of growth.

IVP: Interview With CEO Gurvinder Singh About Technology And Services For Alternative Asset Managers

By Amit Chowdhry ● Aug 5, 2026

IVP provides technology, consulting, and managed services that help alternative asset managers improve data management, treasury, middle-office operations, reporting, compliance, private markets workflows, and AI-driven processes. Pulse 2.0 interviewed IVP CEO Gurvinder Singh to learn more.

Savvy Adds Blue Barn And Paragon, Bringing $550 Million In AUM

By Amit Chowdhry ● Aug 5, 2026

Savvy Advisors has added Blue Barn Wealth and Paragon Private Wealth Management to its network of independent financial advisers, bringing approximately $550 million in combined assets under management to the platform. Blue Barn contributes about $300 million in AUM, while Paragon adds approximately $250 million.

Corient Adds $21+ Billion Firm Summit Trail Advisors

By Amit Chowdhry ● Aug 5, 2026

Corient has agreed to add Summit Trail Advisors, a registered investment adviser focused exclusively on ultra-high-net-worth clients. Based in New York, Summit Trail manages more than $21 billion in assets for individuals, families and institutions.

VestGen Wealth Partners Expands Zocks Partnership To Support AI-Enabled Organic Growth

By Amit Chowdhry ● Aug 5, 2026

VestGen Wealth Partners has expanded its relationship with Zocks, a privacy-focused artificial intelligence platform for financial advisors, to support advisor productivity and organic growth.

Orion Launches Fractional Share Trading For Advisors Custodying With Schwab

By Amit Chowdhry ● Aug 5, 2026

Orion has introduced fractional share trading for financial advisors who custody client assets with Schwab Advisor Services. The capability is available through Orion Trading, the company’s next-generation trading and rebalancing platform, and its order management system.