Asset Management

Edwards Asset Management Welcomes Shoaf Wealth

By Amit Chowdhry ● Jul 28, 2026

Edwards Asset Management announced the successful transition of Shoaf Wealth Management to Edwards Asset Management, bringing together two wealth management practices built around a shared philosophy of personalized advice, long-term relationships, and disciplined stewardship of client wealth. Financial terms of the transition were not disclosed.

Civic Financial Selects Altruist As Exclusive Custodian And Wealth Management Platform

By Amit Chowdhry ● Jul 28, 2026

Altruist announced that Boston-based Civic Financial will transition its entire custodial and wealth management technology stack to the firm, consolidating its custody and technology on Altruist's platform. Civic Financial had amassed approximately $1 billion in client assets before making the move, sustaining more than 40 percent annual organic growth.

UBS Hires $1.3 Billion Financial Advisor Team Of Four In Tampa, FL

By Amit Chowdhry ● Jul 27, 2026

UBS announced that Private Wealth Advisors Jesse Flatt, Lea Ann Drew, Brandon Burns, and Carlos Rodriguez will join the firm in Tampa, Florida, from Bank of America Private Bank. The team oversees approximately $1.3 billion in client assets, serving ultra-high net worth families and business owners.

T. Rowe Price And Goldman Sachs Launch New Private Markets Fund

By Amit Chowdhry ● Jul 27, 2026

T. Rowe Price and Goldman Sachs Asset Management announced the launch of the T. Rowe Price Goldman Sachs Private Markets Fund, a new interval fund offering individual investors access to institutional-quality private market opportunities within a single professionally managed portfolio.

Cetera Names Craig Bartlett Community Leader Of Cetera Financial Specialists

By Amit Chowdhry ● Jul 27, 2026

Cetera announced that Craig Bartlett, CFP, has been named Community Leader of Cetera Financial Specialists, a community of tax-focused financial professionals within Cetera's Tax & Accounting channel.

HSBC To Establish Global AI Centre Of Excellence In Singapore

By Amit Chowdhry ● Jul 27, 2026

HSBC announced it is launching a Global AI Centre of Excellence in Singapore in the second half of 2026, aimed at developing artificial intelligence capabilities that can be scaled across the bank's global network. The centre will initially focus on enhancing customer wealth journey conversations, introducing agentic treasury solutions, and developing AI-enabled digital payments.

LPL Financial Welcomes $340 Million Firm Williams Tax & Financial Services

By Amit Chowdhry ● Jul 27, 2026

LPL Financial announced that the advisors of Williams Tax & Financial Services have joined its broker-dealer and Registered Investment Advisor platform, moving from Cetera. The team reported serving approximately $340 million in advisory, brokerage, and retirement plan assets.

Vanguard: Kenneth Jacobs Elected As Chairman Of Board Of Directors

By Amit Chowdhry ● Jul 27, 2026

Vanguard announced that Mark Loughridge will retire from its board of directors and the board of trustees for each Vanguard fund effective December 31, 2026. Kenneth Jacobs has been elected by the boards to succeed Loughridge as nonexecutive Chairman, while John Murphy has been elected to serve as Lead Independent Director.

Arax To Acquire $3 Billion RIA Transcend Capital Advisors

By Amit Chowdhry ● Jul 25, 2026

Arax Advisory Partners announced it has signed a definitive agreement to acquire Transcend Capital Advisors, a multi-state registered investment advisor providing wealth management and investment advisory services to high-net-worth individuals and families. With more than $3 billion in assets under management as of June 30, 2026, Transcend will be the seventh firm to join Arax in 2026. The transaction is expected to close in the third quarter.

Blackstone’s AUM Reaches Record $1.35 Trillion In Second Quarter 2026

By Amit Chowdhry ● Jul 25, 2026

Blackstone reported second quarter 2026 results, with total assets under management increasing 11 percent year over year to $1,346.3 billion, driven by $68.3 billion of inflows during the quarter and $262.5 billion over the trailing twelve months. Fee-earning assets under management rose 8 percent to $961.6 billion, while perpetual capital assets under management reached $555.6 billion, up 15 percent year over year and now representing roughly 41 percent of total assets under management.

RISR And Osaic Expand Relationship Amid Growing Demand For Business Owner Planning

By Amit Chowdhry ● Jul 24, 2026

RISR, a business owner engagement platform for financial advisors, announced an expanded relationship with Osaic, Inc., building on a collaboration that began in 2025. The expanded capabilities give Osaic's more than 10,000 financial professionals access to specialized technology for business valuation, succession planning, exit strategies, and business risk management, allowing advisors to connect a client's business wealth to their broader personal financial goals.

CW Advisors Partners With WNBA Star Tina Charles On Purpose-Driven Wealth Planning

By Amit Chowdhry ● Jul 24, 2026

CW Advisors announced a new partnership with WNBA legend, entrepreneur, and philanthropist Tina Charles, aimed at helping clients align their wealth with the lives, businesses, and legacies they are building. The firm also named Charles' nonprofit, Hopey's Heart Foundation, as its 2026 philanthropic partner and committed $20,000 to support the organization's mission.

Voya Extends Nearly 50-Year Partnership As Retirement Plan Provider With The City And County Of Honolulu

By Amit Chowdhry ● Jul 24, 2026

Voya Financial announced it has been selected to continue serving as the retirement plan provider for the City and County of Honolulu's Deferred Compensation Plan, extending a relationship that began in 1979 through a new five-year contract. The renewal followed a competitive Request for Proposal process in which Wealthspire Retirement Advisory served as the City and County's independent retirement plan advisor.