Asset Management

Raymond James Brings In $130 Million Financial Advisor

By Amit Chowdhry ● Apr 20, 2024

Raymond James’ California regional director for the firm's employee advisor channel Raymond James & Associates (RJA ) John Simmons announced it has welcomed financial advisor Taimur "Tam" Baig to RJA in San Diego

Raymond James Adds $170 Million Financial Advisor Team In Indiana

By Amit Chowdhry ● Apr 20, 2024

Raymond James’ Midwest division director for the firm’s independent advisor channel Raymond James Financial Services (RJFS), David Sisemore, announced that the firm has recently welcomed financial advisors Jefferson Hankins, CFP, and Kurt Boggs, CFP, to RJFS. These advisors are founders of Hankins & Boggs Group, a Reynolds Wealth Management branch in Warsaw, Indiana.

TIFIN: Rob Pettman Named As Chief Revenue Officer And President

By Amit Chowdhry ● Apr 20, 2024

TIFIN, a leading AI and innovation platform for wealth, announced the appointment of Rob Pettman as its Chief Revenue Officer and President. In this new role, Pettman will report directly to TIFIN's Founder and CEO, Dr. Vinay Nair.

Janney Brings In $600 Million Shore To Shore Private Wealth Team

By Amit Chowdhry ● Apr 20, 2024

Janney Montgomery Scott, a leading full-service wealth management, capital markets, and asset management firm, announced the addition of Shore to Shore Private Wealth in Lewes, Delaware. The Shore to Shore team is headed by Financial Advisor Michael Koppenhaver, Executive Vice President/Wealth Management. And he is joined by Account Executive Susan Damask, Senior Registered Client Relationship Associate Amy Gibson, and Private Client Associate April E. Smith. The team previously worked with Merrill Lynch.

LPL Brings In $170 Million Financial Advisor

By Amit Chowdhry ● Apr 20, 2024

LPL Financial announced that financial advisor Philip Nation, CFP, ChFC, CLU, has joined its broker-dealer, RIA, and custodial platforms, aligned with existing firm Founders Financial Alliance. He reported serving about $170 million in advisory, brokerage, and retirement plan assets and joined LPL from Ameriprise Financial.

Keebeck Wealth Management: An Interview With Founder And CEO Bruce K. Lee On Redefining The Investment Landscape

By Amit Chowdhry ● Apr 17, 2024

Keebeck Wealth Management is a registered independent advisory firm (RIA) focused on working with corporate executives, private business owners, entrepreneurs, & their multi-generational families. And Pulse 2.0 interviewed Keebeck Wealth Management founder and CEO Bruce K. Lee to learn more about the firm.

Modern Wealth Management Names Jason Del Col As Head of Advisory Services

By Amit Chowdhry ● Apr 16, 2024

Modern Wealth Management, a registered investment adviser (RIA) focused on meeting the evolving needs of wealth management firms, advisors, and their clients that recently surpassed over $3 billion in AUM, announced the appointment of Jason Del Col as Head of Advisory Services. Del Col will become part of the Modern Wealth executive team to lead the firm’s advisory services platform and manage its strategic evolution. Modern Wealth’s service model was built to provide clients with financial, tax, and retirement planning services and access to personalized wealth management solutions.

Compass Group Equity Partners: Fund III Closed At Hard Cap Of $408 Million

By Amit Chowdhry ● Apr 16, 2024

Compass Group Equity Partners, a St. Louis-based private equity firm, has closed Compass Group Fund III - hitting a hard cap of $408 million. This is Compass Group's second fundraising effort in the past two years and was achieved through a first and final closing this week after launching fundraising efforts late last year.

Diversify Advisor Network Brings In $645 Million Key Advisors Wealth Management Team

By Amit Chowdhry ● Apr 16, 2024

Diversify Advisor Network, an advisor-founded and advisor-led wealth management firm, announced that Key Advisors Wealth Management, a Delaware-based fee-only firm with $645 million in assets under management (AUM), is joining Diversify Wealth Management to take advantage of its Partner Platform affiliation model.

Arax Buying $9 Billion Wealth Manager U.S. Capital Wealth Advisors

By Amit Chowdhry ● Apr 16, 2024

Arax Investment Partners, a premier wealth management platform company backed by RedBird Capital Partners, announced the addition of U.S. Capital Wealth Advisors (USCWA), an independent Houston, Texas-based hybrid wealth management firm, manages about $9 billion in AUM/A across over 5,500 clients and 62 advisors.

Adams Street Partners: $1 Billion Raised For First Middle Market CLO

By Amit Chowdhry ● Apr 12, 2024

The Private Credit team of Adams Street Partners, a private markets investment firm with over $58 billion in assets under management, announced the final closing of a $1 billion middle market collateralized loan obligation (CLO), ASP Summa. And the CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company, a leading issuer of fixed index annuities.

Wealth Enhancement Group Surpasses $81 Billion In Client Assets

By Amit Chowdhry ● Apr 11, 2024

Wealth Enhancement Group, a national independent wealth management firm, announced three key leadership appointments, continued growth in strategic markets, and the surpassing of $81 billion in client assets.

MG Partners Private Wealth Launched With Support From LPL

By Amit Chowdhry ● Apr 10, 2024

LPL Financial announced that financial advisors Christopher “Noah” Geoghegan, CTFA, and Tomohiko “Tom” Minami, CFP, CFA, launched a new independent practice called MG Partners Private Wealth through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. They reported having served about $435 million in advisory, brokerage, and retirement plan assets and joined LPL from Truist.

Sequoia Financial Group Buys AltruVista

By Amit Chowdhry ● Apr 10, 2024

Sequoia Financial Group, a leading SEC-registered wealth manager with over $18 billion in assets under management as of March 31, 2024, announced it had acquired AltruVista, an SEC-registered investment advisor offering independent and holistic financial planning and asset management services to high-net-worth clients. The financial terms were not disclosed.

UBS Private Wealth Management: William Wright And Matthew Hoffman Joining Firm In NYC Office

By Amit Chowdhry ● Apr 10, 2024

UBS Private Wealth Management announced that Private Wealth Advisors William Wright and Matthew Hoffman will join the firm in its New York City office, along with Senior Wealth Strategy Associate Audrey Kaus.

Sanctuary Wealth Adds To Leadership Team

By Amit Chowdhry ● Apr 8, 2024

Sanctuary Wealth has appointed former Wells Fargo and UBS executive Michael Goldfader as its new West Coast Regional Managing Director. Goldfader brings 33 years of experience as a financial advisor and senior field leader to his role and joins a deep bench of wirehouse executives who have brought their skills and strategic relationships to Sanctuary.