Asset Management

Edward Jones: Generations Launched For High-Net-Worth Clients

By Amit Chowdhry ● Mar 15, 2025

Edward Jones is launching Edward Jones Generations, the firm's first private client services offering for U.S. high-net-worth clients. Built to meet the specific needs of these clients, Edward Jones Generations provides expanded advice, planning, products, and services for clients who value personalized support and trusted relationships. Edward Jones Generations will be available to select clients in the second quarter of 2025 and expand more broadly next year.

Compound Planning: Digital Family Office Grows To $3 Billion AUM

By Amit Chowdhry ● Mar 12, 2025

Compound Planning—a leading digital family office committed to reimagining wealth management for next-generation advisors—announced that seven financial advisors, including a four-person advisory team that previously managed $1.2 billion, have joined the firm. The latest additions cement what has been a period of rapid growth for the firm. And Compound eclipsed $3 billion in total assets under management (“AUM”) as of January 31, after the firm added 30 total advisors and doubled its AUM in 2024.

Polen Capital: First CLO Closed At $407.15 Million

By Amit Chowdhry ● Mar 11, 2025

Polen Capital Management - a global investment management firm specializing in growth equity and credit - announced the closing of its debut collateralized loan obligation (CLO). And Polen Capital CLO 2025-1, Ltd., a $407.15 million CLO that is secured primarily by a pool of broadly syndicated first-lien loans represents an important step in Polen’s strategy to expand its credit and structured finance offerings to serve a wider range of investors.

EP Wealth Advisors Buying $190 Million Firm The Holben Group

By Amit Chowdhry ● Mar 11, 2025

EP Wealth Advisors - a leading fee-only registered investment adviser (RIA) with a growing national footprint - has announced their partnership with The Holben Group in Denver, Colorado. This alignment builds on EP Wealth’s long-time presence in Colorado, adding over $190 million in assets under management (AUM).

LPL Brings In $190 Million FA Michael Carmichael

By Amit Chowdhry ● Mar 7, 2025

LPL Financial announced that financial advisor Michael Carmichael, RFC, CRPS, founder of Carmichael Financial, announced it has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving about $190 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic.

LPL Onboards $1.15 Billion Townsgate Wealth Management Team

By Amit Chowdhry ● Mar 6, 2025

LPL Financial announced that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP, Michael Kazmer, CFP, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. And they reported serving about $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

LPL Adds $400 Million Servant Path Wealth Partners Team

By Amit Chowdhry ● Mar 5, 2025

LPL Financial announced financial advisors Joe Young, CFP, and Ryne Stokes, CFP, have joined LPL’s employee advisor channel Linsco by LPL Financial to launch Servant Path Wealth Partners. And they reported serving about $400 million in advisory, brokerage and retirement plan assets and joined LPL from Synovus Securities.

Wellington Management: $194 Million Raised For First CLO Partners Fund

By Amit Chowdhry ● Mar 4, 2025

Wellington Management, which is one of the world’s largest independent investment management firms and a seasoned collateralized loan obligation (CLO) investor, recently announced the successful final close of its inaugural Wellington CLO Partners Fund I. With $194 million of capital commitments, including $27 million from affiliates, the Fund exceeded its initial $150 million target.

Wedbush Announces Entry Into ETF Market

By Amit Chowdhry ● Mar 1, 2025

Wedbush, a Los Angeles-based financial services firm, announced it is introducing Wedbush Fund Advisers and an entry into the rapidly growing exchange-traded fund (ETF) market. This milestone marked an expansion of Wedbush’s commitment to cutting-edge investment solutions and highly curated product development.

Apex Fintech Solutions Reveals ‘Alts’ Alternative Investments Platform

By Amit Chowdhry ● Mar 1, 2025

Apex Fintech Solutions - an innovation launchpad for the global investment ecosystem - announced the upcoming launch of Apex Alts, a solution designed to democratize access to alternative investments for customers of broker dealers, advisory firms, and other wealth management companies.

Raymond James: Stuart Feld Promoted To Chief Artificial Intelligence Officer

By Amit Chowdhry ● Mar 1, 2025

Raymond James announced that Stuart Feld has been promoted to Chief Artificial Intelligence Officer. For this newly created leadership role, Feld serves as the firm’s principal AI architect to drive enterprise-wide innovation. And he is responsible for exploring and applying emerging technologies to enhance advisor- and client-facing services and solutions, as well as those across all the businesses’ needs.

Principal: $3.64 Billion Raised For Data Center Growth & Income Fund

By Amit Chowdhry ● Feb 28, 2025

Principal Asset Management, the investment management unit of Principal Financial Group, reached the final investor close on February 28 for its Principal Data Center Growth & Income Fund, which is dedicated to developing a portfolio of hyperscale data center projects across the US. The fund raised $3.64 billion, well over the target of a diverse global investor base. This is the third discretionary data center-focused vehicle by Principal.

Mercer Buying $35+ Billion Firm SECOR Asset Management

By Amit Chowdhry ● Feb 28, 2025

Mercer, a business of Marsh McLennan and a global leader in helping clients realize their investment objectives, announced that it reached an agreement to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. The terms of the deal, which is expected to close in the second quarter of 2025, subject to regulatory approvals and client consents, were not disclosed.

Antin Infrastructure Partners: Guillaume Friedel And Ashkan Karimi Named As Senior Partners

By Amit Chowdhry ● Feb 28, 2025

Antin Infrastructure Partners announced it is strengthening its Senior Partner ranks through the promotions of Guillaume Friedel and Ashkan Karimi, effective immediately.

Rise Growth Partners Buys Minority Stake In Grimes & Company

By Amit Chowdhry ● Feb 27, 2025

Rise Growth Partners, a wealth management firm for growth-oriented registered investment advisors (RIAs), announced its second strategic minority investment, backing Grimes & Company.

Macquarie Asset Management: Acquisition Of Remaining Stake In Galehead

By Amit Chowdhry ● Feb 27, 2025

Macquarie Asset Management (MAM), Galehead Founders (GDF), Galehead Development, and Treaty Oak Clean Energy announced that MAM will acquire from GDF the remaining controlling interests in Galehead via funds managed by MAM. This investment will enable Galehead to become a subsidiary of Treaty Oak, a leading US independent power producer (IPP) owned by MAM-managed funds.

XXI Wealth: Independent Firm Launches In Partnership With Dynasty Financial Partners

By Amit Chowdhry ● Feb 26, 2025

Several veteran advisors announced the launch of their independent firm, XXI Wealth, in partnership with Dynasty Financial Partners. Based in Chicago, Illinois, XXI Wealth is an independent comprehensive wealth management firm providing best-in-class service and access to unique investment opportunities.

Heitman: Majority Stake Acquired In Swedish Self-Storage Operator Servistore

By Amit Chowdhry ● Feb 26, 2025

Global real estate investment management firm announced the acquisition of a majority stake in the third largest self-storage operator in Sweden called Servistore. This business has 31 sites (25 operational and 6 due to open) across 14 cities. It encompasses over 4,000 units, spanning a total of 330,000 square feet of storage space.

Redding Ridge Buying Irradiant Partners, Increasing AUM To $38 Billion

By Amit Chowdhry ● Feb 26, 2025

Redding Ridge Asset Management (RRAM), an independently managed affiliate of Apollo, announced it has agreed to acquire Irradiant Partners, an alternative investment manager specializing in liquid credit, private credit and renewables.

J.P. Morgan: Direct Lending Commitment Increased To $50 Billion

By Amit Chowdhry ● Feb 25, 2025

J.P. Morgan announced a significant expansion to its private credit commitment at its 30th annual Global Leveraged Finance Conference. The firm is allocating $50 billion from its balance sheet and nearly $15 billion from multiple co-lenders. This strategic move was designed to extend the firm’s direct lending capabilities and provide tailored private credit solutions to meet clients' evolving needs.