Asset Management | Page 26 of 26

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.

Ellevest: $2 Billion Assets Under Management Milestone Achieved

By Amit Chowdhry ● Mar 14, 2024

Ellevest—an investing and wealth management company built by and for women—announced a new milestone: $2 billion in client assets under management (AUM). The firm was created as an alternative to a male-dominated industry, with the goal of putting more money in the hands of women.

Webull Now Offers Futures And Commodities Trading

By Amit Chowdhry ● Mar 13, 2024

Leading low-cost trading company Webull has announced the expansion of its product offerings by adding futures and commodities trading. This allows customers to diversify their portfolios even more. Futures trading will offer Webull users a platform to participate in the futures market by enabling them to speculate on the directional/price move rather than owning the underlying asset.

Osaic Brings In $210 Million Latitude Wealth Advisors Team

By Amit Chowdhry ● Mar 12, 2024

Osaic - one of the largest providers of wealth management services in the nation - announced the addition of Latitude Wealth Advisors, a wealth management firm based in Hauppauge, New York. Latitude works with hundreds of families and businesses, representing $210 million in total client assets. The firm was previously affiliated with Ameriprise Financial and joined Osaic through Affiliated Advisors, one of Osaic's largest enterprise offices of supervisory jurisdiction (OSJs).

Wealth Management Service Osaic Adds $360 Million Cornerstone Advisors Team To The Firm

By Amit Chowdhry ● Mar 11, 2024

Wealth management service Osaic announced it has added Cornerstone Advisors to the firm. Cornerstone founder James P. Benson II and his team currently oversee nearly $360 million in total client assets. Benson is a veteran advisor with over 30 years of industry experience.

Girls Who Invest Announces $2 Million Grant From Apollo Opportunity Foundation

By Amit Chowdhry ● Mar 11, 2024

Girls Who Invest (GWI) - a non-profit organization dedicated to transforming the investment management industry by attracting/advancing women and non-binary investors and leaders - announced a $2 million grant from the Apollo Opportunity Foundation (AOF). The AOF recognizes the organization's achievements and impact on efforts to diversify the investment management industry.

Bluespring Wealth Partners Sets Up $1.4+ Billion Hub In Florida

By Amit Chowdhry ● Mar 11, 2024

Bluespring Wealth Partners (a leading acquirer of high-quality wealth management firms) announced a strategic combination of two of its partner firms, Retirement Wealth Specialists (RWS) and Security Financial Management (SFM), to create a Floridian hub whose advisors oversee about $1.4 billion in assets. The combined firm will retain the Security Financial Management brand and maintain five locations across the state.

Perigon Wealth Management Brings In Two Advisor Firms With $375 Million In Combined AUM

By Amit Chowdhry ● Mar 8, 2024

Perigon Wealth Management (a rapidly growing independent wealth management firm with offices across the country and about $6.9 billion in client assets as of January 31, 2024) announced it had acquired Blue Water Capital Management of New York and Lumin Financial of Michigan. The firms have collective Assets Under Management (AUM) of about $375 million in AUM. The terms were not disclosed.

Why Modern Wealth Management Is Buying The $1.2 Billion Beltz Ianni & Associates Firm

By Amit Chowdhry ● Mar 8, 2024

Modern Wealth Management - a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced the strategic acquisition of Rochester, New York-based Beltz Ianni & Associates, a corporate retirement planning and individual wealth management firm with over $1.2 billion in assets.

Mesirow: Brian Price Named As CEO

By Amit Chowdhry ● Mar 8, 2024

Mesirow - an independent, employee-owned financial services firm - announced the appointment of Brian D. Price as CEO of Mesirow Wealth Management. In this role, he is responsible for the strategy, growth and market positioning of the private wealth business - which has over $10 billion in assets under management.

Drucker Wealth Launches Independent Registered Investment Advisor

By Amit Chowdhry ● Mar 8, 2024

Drucker Wealth - a hybrid advisory team with $750 million of assets under management (AUM) led by father-son duo Lance and Gideon Drucker - recently launched their own independent Registered Investment Advisor (RIA) based in New Jersey and serving clients nationally. They have launched a new RIA called Drucker Wealth LLC after the team separated from Hornor, Townsend, and Kent (HTK), which is an independent broker-dealer of 40+ years, where they had been the largest advisory team for a record-setting 18 consecutive years.

T. Rowe Price Launches New Retirement Income Tool For Optimizing Social Security Benefits

By Amit Chowdhry ● Mar 7, 2024

T. Rowe Price announced the launch of Social Security Optimizer, which is a tool designed to help individual investors and plan participants maximize Social Security benefits given their expected lifespan.

LPL Financial Brings In $515 Million Endeavor Wealth Strategies Team

By Amit Chowdhry ● Mar 4, 2024

LPL Financial announced that financial advisor Seth Marshall and the team at Endeavor Wealth Strategies have joined LPL Financial’s broker-dealer, RIA, and custodial platforms - aligned with Exemplar Financial Network. And the Endeavor team reported serving about $515 million in advisory assets and joins LPL from PNC Private Bank Trust.

Rossby Financial Brings In Three Female-Led Firms To The Platform

By Amit Chowdhry ● Feb 28, 2024

Rossby Financial - an open architecture RIA designed for independent advisors – has announced the recent addition of three esteemed wealth management firms to its platform. And these firms, including Red Oak Advisors, led by Jennifer Szeklinski, Life Strategies Financial Partners LLC, led by Kelly Renner CFP, and EViE Financial Group, led by Melissa Reaktenwalt, AIF CSRIC, have joined with Rossby Financial to enhance their business flexibility and cater to their expanding clientele.