Asset Management

Kestra Financial Improving Alternative Investment Offerings Through iCapital Expansion

By Amit Chowdhry ● Sep 24, 2024

Kestra Financial, a leading wealth management platform, announced the improvement of its alternative investment offerings through an expansion of its strategic partnership with iCapital. This partnership will deliver greater value to Kestra Financial advisors and their clients as they access alternative investments through iCapital’s technology platform.

EP Wealth Advisors Acquires $1.1 Billion CornerCap Investment Counsel Team

By Amit Chowdhry ● Sep 24, 2024

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with an expanding national footprint and client base - announced it has acquired Atlanta-based CornerCap Investment Counsel. This partnership added nearly $1.1 billion to EP Wealth’s assets under management (AUM).

Viola Credit: $500 Million Strategic JV Signed With Cadma Capital Partners

By Amit Chowdhry ● Sep 24, 2024

Viola Credit, a global asset manager focused on providing asset-based lending solutions to the innovation economy, announced a strategic joint venture with Cadma Capital Partners. an affiliate of Apollo Global Management that specializes in financing solutions for high-growth technology companies and the investment firms that sponsor them.

Wilde Wealth Management: $400 Million Advisor Drew Kliber Hired To Lead New Family Office Division

By Amit Chowdhry ● Sep 21, 2024

Cetera Financial Group announced that Wilde Wealth Management Group, an independent wealth management firm within the Cetera Advisors community, appointed Drew Kliber to lead its newly formed W Family Office Division.

Charles D. Hyman: Strategic Investment Raised From Hightower

By Amit Chowdhry ● Sep 21, 2024

Hightower announced that the firm had made a strategic investment in Charles D. Hyman & Company, a wealth management practice located in Ponte Vedra Beach, FL, with $2.3 billion in assets under management. And Charles D. Hyman & Co. manages assets for individuals, families, trusts, charitable interests, and foundations.

LPL Financial Brings In $700 Million BrookBridge Private Wealth Team

By Amit Chowdhry ● Sep 19, 2024

LPL Financial announced that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage, and retirement plan assets and joining LPL from Bank of America Private Bank.

LPL Brings In $650 Million Apex Private Wealth Advisors Team

By Amit Chowdhry ● Sep 19, 2024

LPL Financial announced that financial advisors Brett Howard, CTFA, AAMS, APMA, CRPC, Marco Rivera, APMA, Brooks Crissey, CFP, APMA, Henry “Hank” DesJardins, and Ryan Mason had joined LPL Financial’s broker-dealer, RIA, and custodial platforms. And they reported serving about $650 million in advisory, brokerage, and retirement plan assets and join LPL from Ameriprise Financial.

SEI: $1.5 Trillion in Alternative Assets Under Administration Surpassed

By Amit Chowdhry ● Sep 19, 2024

SEI announced that it exceeded $1.5 trillion in alternative assets under administration in its Investment Managers business, which services private equity, private credit, venture capital, hedge, real estate, and infrastructure funds. And as the largest private credit fund administrator by assets globally, SEI's clients include 43 of the top 100 largest investment managers.

Wealthspire Advisors Brings In Judith Heft & Associates Team

By Amit Chowdhry ● Sep 16, 2024

Wealthspire Holdings, the parent company of Wealthspire Advisors, an NFP company and top-ranked independent registered investment advisor (RIA), announced the acquisition of Judith Heft & Associates, which is a women-owned firm that provides high-touch lifestyle and bill pay services to affluent clients and their families.

Cresset: Amy Hong Named As Chief Compliance Officer

By Amit Chowdhry ● Sep 13, 2024

Cresset announced that it has hired Amy Hong as Chief Compliance Officer and Executive Managing Director. And Hong succeeds Bob Pagliuco, who announced his retirement after serving as Cresset's Chief Compliance Officer since 2018.

Sound Income Group Reveals Academy For Supporting Advisor Growth

By Amit Chowdhry ● Sep 12, 2024

Sound Income Group (formerly known as Advisors' Academy), a Fort Lauderdale, Florida-based diversified financial services company announced it continues to enhance its income-focused wealth management platform for independent financial professionals by launching Sound Income Academy.

Cetera Brings In Innovative Premier Financial Services Team

By Amit Chowdhry ● Sep 12, 2024

Premier financial advisor Wealth Hub Cetera Financial Group announced that a seven-person team led by a husband and wife duo doing business as Innovative Premier Financial Services (IPFS) has joined Cetera Wealth Partners. Headed by Managing Partners David and Kate Frank, the team offers comprehensive financial planning and investment advice to approximately 500 clients. IPFS serves clients who are focused not just on the accumulation of wealth but also on legacy, estate, and business planning.

Baird: Darrell Reynard Joins Fairfax Private Wealth Management Office

By Amit Chowdhry ● Sep 12, 2024

Baird, an employee-owned, international wealth management, asset management, investment banking/capital markets and PE firm, announced it has added Darrell Reynard as a Director and Financial Advisor to its wealth management office in Fairfax, VA.