Asset Management

LPL Financial: $150 Million Advisor Nolan Venable Joins

By Amit Chowdhry ● Mar 25, 2024

LPL Financial announced that financial advisor Nolan Venable, an Enrolled Agent, has joined its broker-dealer, RIA, and custodial platforms. He reported serving about $150 million in advisory, brokerage, and retirement plan assets and joins LPL from Osaic.

Raymond James: $300 Million Team From UBS Joins

By Amit Chowdhry ● Mar 25, 2024

Osaic: $280+ Million Kings Mill Wealth Advisors Team Joining

By Amit Chowdhry ● Mar 24, 2024

Osaic - one of the largest providers of wealth management services - has brought in Kings Mill Wealth Advisors, a father-daughter team of Marvin Rauchbach (Chapel Hill, North Carolina) and Leigh Ritchey (Baltimore, Maryland) to the Osaic platform. Kings Mill brings over $280 million in total client assets to Osaic.

Journey Strategic Wealth Brings In $160 Million Meath Team

By Amit Chowdhry ● Mar 23, 2024

Journey Strategic Wealth announced that Kerry Meath-Sinkin and Robert Meath of Meath Wealth Advisors, a national RIA for independent advisors, have joined the firm. Meath Wealth Advisors was founded by Kerry’s father, Robert Meath.

Yieldstreet Signs Strategic Deal With Wilshire Advisors To Provide Access To Alternative Investments

By Amit Chowdhry ● Mar 23, 2024

Leading private market investing platform Yieldstreet and Wilshire Advisors (a global advisor with more than $1 trillion in assets under advisement) announced a strategic partnership to transform investor access to institutional-quality alternative investments.

LPL Financial Brings In $250 Million McAnally Investment Group

By Amit Chowdhry ● Mar 23, 2024

LPL Financial announced that financial advisors Mark McAnally, Josh McAnally, and Brandon McAnally, CPA, joined its broker-dealer, RIA, and custodial platforms. This team reported serving about $250 million in advisory, brokerage, and retirement plan assets and joins LPL from Wells Fargo Advisors.

Keebeck Wealth Management Partnering With Qdeck To Provide Clients With Investment Strategy Insights

By Amit Chowdhry ● Mar 20, 2024

Boutique independent advisory firm Keebeck Wealth Management announced a partnership with Qdeck to provide clients with highly personalized and seamless access to insights on potential investment strategies. Qdeck is a fintech company that utilizes the power of generative AI and investment technology for registered investment advisors (RIAs) and will empower Keebeck to collaborate with clients on the Qadvisor platform efficiently.

LPL: 7 Financial Advisors Serving About $700 Million In Assets Join

By Amit Chowdhry ● Mar 16, 2024

LPL Financial announced that seven financial advisors from five firms joined its broker-dealer, RIA, and custodial platforms. Collectively, they reported serving about $700 million in advisory, brokerage, and retirement plan assets. They joined LPL from Osaic.

Merit Financial Advisors Brings In $542+ Million Viren And Associates Team

By Amit Chowdhry ● Mar 16, 2024

Merit Financial Advisors, a Georgia-based financial advisory firm focusing on financial planning and wealth management solutions for high-net-worth individuals, families, and those navigating life transitions, announced it has acquired Viren and Associates.

Hunter Point Announces New Global Head Of Capital Formation And CIO

By Amit Chowdhry ● Mar 15, 2024

Leading independent investment firm Hunter Point Capital (HPC) announced that Conway Bate and Melvin Hibberd have been promoted to Global Head of Capital Formation and Chief Investment Officer, respectively.

Stifel: Acquisition Of Finance 500 And CB Resource

By Amit Chowdhry ● Mar 15, 2024

Stifel Financial has agreed to buy Finance 500 and CB Resource. The terms of the deal were undisclosed.

Baird Adds $680 Million Palm Financial Team To Madison West Office

By Amit Chowdhry ● Mar 15, 2024

Baird’s Private Wealth Management operation announced it added The Palm Financial Group to its Madison West office in Wisconsin. Baird also has an office in Downtown Madison.

Sagard Makes Strategic Investment In HalseyPoint Asset Management

By Amit Chowdhry ● Mar 15, 2024

HalseyPoint, a CLO manager signed a definitive agreement to form a strategic partnership with Sagard. Sagard is a multi-strategy alternative asset management firm with over $25 billion in assets under management (AUM). Following the deal, HalseyPoint co-founders and managing partners Yvonne Stevens and Lynn Hopton, and Sagard will each have equal equity ownership stakes in HalseyPoint, with a continued minority stake by A-CAP.