Asset Management

WM Partners Reveals Investment Team Promotions

By Amit Chowdhry ● Mar 30, 2024

WM Partners, LP, a diverse-owned private equity firm certified by the National Association of Investment Companies, is focused on investing in lower-middle-market companies and driving value creation in the health and wellness sector. Today, it announced the promotions of several members of its investment team: Eli Minski to Principal, Jonathan Tarich to Senior Vice President, and Leon Lacs to Senior Associate.

UBS Wealth Management Forms $1.3 Billion Hartford-Based Stone Harbor Group

By Amit Chowdhry ● Mar 29, 2024

UBS Wealth Management USA announced the formation of Stone Harbor Group, a new team of Financial Advisors in its Hartford, Connecticut office. The nine-person team includes Financial Advisors Richard Cyphers, Gerald Dubey, Douglas Domian, Scott Mintz, David Sacharko, and Sean Siana, and Client Service Associates Aranzazu Suarez, Jake Heyde, and Christian Foxen.

Avantax Brings In $250 Million Texas-Based Financial Advisor Team

By Amit Chowdhry ● Mar 29, 2024

Avantax—a leader in tax-focused financial planning and wealth management—announced it has welcomed Heidi and Nicholas Irwin. The married advisors transferred to Avantax after many years of affiliation with Edward Jones, where the couple reported having managed over $250 million in total client assets as of March 20, 2024. The couple is joining current Avantax affiliate Alliance Wealth Strategies LLC.

Kestra Brings In $600 Million Borger Financial Services Team

By Amit Chowdhry ● Mar 29, 2024

Kestra Financial - an Austin, Texas-based industry-leading wealth management platform - announced the addition of Borger Financial Services (BFS) to its community of advisors. BFS’s financial professionals bring over $600 million in client assets under management to the platform.

Walter Global Asset Management Invests In Saranac Partners

By Amit Chowdhry ● Mar 27, 2024

Walter Global Asset Management (Walter GAM) announced an investment in Saranac Partners. This independent European multi-family office delivers personalized advice across a broad spectrum of wealth management services to help ultra-high-net-worth individuals and families deploy/access capital.

Raymond James: $750 Million Financial Advisor Lynette Ancona Joins

By Amit Chowdhry ● Mar 27, 2024

Raymond James’ Florida regional director for RJA, Tim Killgoar, has welcomed financial advisor Lynette Ancona, MBA, CFP, CWS, to Raymond James & Associates (RJA), the firm's employee advisor channel, in Winter Park, Florida. As senior vice president of wealth management, Ancona heads up Raymond James' Ancona Wealth Management and is joined by client service associate Stephanie Gisler, MBA.

Integrated Partners And WFY Partnering To Launch Wealth Management Unit

By Amit Chowdhry ● Mar 27, 2024

Integrated Partners, a national financial planning and registered investment advisory (RIA) firm managing over $12.7 billion in advisory assets, announced a new partnership with Wright, Ford, Young & Co. (WFY), Orange County, California's largest single-office accounting firm. This collaboration leads to the introduction of WFY Wealth Management.

Raymond James Adds $265 Million Financial Advisor Martin Lutschaunig

By Amit Chowdhry ● Mar 27, 2024

Raymond James has announced it has hired experienced financial advisor Martin Lutschaunig to Raymond James Financial Services (RJFS), the firm’s independent advisor channel. Alex David, Northeast division director for RJFS, revealed this executive hire. As the president of Lutschaunig Wealth Management in Yardley, Pennsylvania, Lutschaunig is being joined by branch manager Patricia Niles. Together, they serve various clients, including healthcare professionals, women investors, and retirees, with customized strategies and objective advice to help them achieve their financial goals. Lutschaunig, who comes from Janney Montgomery Scott, previously managed about $265 million in client assets.

KKR Forms Global Wealth Investment Council

By Amit Chowdhry ● Mar 27, 2024

Leading global investment firm KKR has launched its Global Wealth Investment Council (GWIC). Featuring ten experts from leading wealth management firms worldwide, the GWIC is designed to serve as a forum for constructive dialogue and knowledge exchange on macroeconomics, capital markets, asset allocation, and the role of private markets in individual portfolios.

Morgan Stanley Investment Management’s ETF Platform Surpasses $1 Billion In AUM

By Amit Chowdhry ● Mar 27, 2024

Morgan Stanley Investment Management (MSIM) announced it had completed the conversion of two fixed-income mutual funds to exchange-traded funds (ETFs). Through these two additions, MSIM introduced 14 ETFs since the launch of the ETF platform last year and has over $1 billion in assets under management (AUM).

Empower: Roger Hobby Named As EVP Of Personal Wealth Group

By Amit Chowdhry ● Mar 26, 2024

LPL Adds $580 Million Grafton Wealth Advisors Team

By Amit Chowdhry ● Mar 26, 2024

LPL Financial announced that financial advisors Sarah Grafton, William “Will” Grafton IV, CFP, CEPA, and Dexter Grafton, CPFA, CFA, launched a new independent practice, Grafton Wealth Advisors, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. They reported having served about $580 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch.

Rockefeller Global Family Office Brings In Pollock Salah Wealth Partners

By Amit Chowdhry ● Mar 25, 2024

Rockefeller Global Family Office (the wealth management division of Rockefeller Capital Management) announced the expansion of its Western Division with the addition of Pollock Salah Wealth Partners, co-located in Walnut Creek and San Francisco, California. The San Francisco Bay Area has one of the highest concentrations of ultra-wealthy individuals in the US.

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.

J.P. Morgan Asset Management Hires Jon Maier As Chief ETF Strategist

By Amit Chowdhry ● Mar 14, 2024

J.P. Morgan Asset Management announced that Jon Maier will join as Chief ETF Strategist, effective March 18. In this role, Maier will oversee ETF Insights, a global program of actionable thought leadership and resources focused on ETFs.

LPL Financial: $345 Million Asset Manager Brian Pflaum Joining As Advisor

By Amit Chowdhry ● Mar 14, 2024

LPL Financial announced that financial advisor Brian Pflaum, MBA has joined LPL Financial’s broker-dealer, RIA, and custodial platforms. Pflaum reported serving about $345 million in advisory, brokerage and retirement plan assets and joins LPL Financial from Lincoln Financial Advisors.

Austin Private Wealth Surpasses $1 Billion In AUM

By Amit Chowdhry ● Mar 14, 2024

Austin Private Wealth (APW) announced it has reached a major milestone: over $1 billion in assets under management (AUM). This milestone is a major step in the growth of APW, founded by Dan Kraus and Raoul Célérier.

Savvy Advisors Adds Three Principal Wealth Managers To Advisory Team

By Amit Chowdhry ● Mar 14, 2024

Savvy Advisors - a federally registered investment advisor (RIA) associated with Savvy Wealth - announced the addition of three new wealth managers. This expansion brought the firm's total to 15 wealth managers, who are all focused on serving its high-net-worth client base.