Asset Management

NewEdge Expands Envestnet Partnership To Add $800 Million Structured Note Strategies To Unified Managed Accounts

By Amit Chowdhry ● Jul 23, 2026

NewEdge Capital Group has expanded its partnership with Envestnet to make NewEdge Investment Solutions' structured note strategies available through unified managed accounts.

Chime Launches Commission-Free Investing And Managed Portfolios With No Account Minimums

By Amit Chowdhry ● Jul 23, 2026

Chime has launched Chime Invest, an investment platform that allows members to buy U.S. stocks and exchange-traded funds or use professionally managed portfolios directly through the Chime app.

Macquarie Group Names Greg Ward CEO As Shemara Wikramanayake Retires In November 2026

By Amit Chowdhry ● Jul 23, 2026

Macquarie Group has appointed Greg Ward to become Managing Director and Chief Executive Officer following the retirement of Shemara Wikramanayake, subject to receiving the necessary approvals.

Fidelis Capital Appoints Herb Achey Partner As Firm Approaches $3 Billion In AUM

By Amit Chowdhry ● Jul 23, 2026

Fidelis Capital has appointed veteran equity strategist Herb Achey as a Partner, adding more than 45 years of experience serving ultra-high-net-worth families and institutions. Achey joins the advisor-owned wealth management firm after spending 30 years with U.S. Trust and Bank of America Private Bank. He most recently served as an Investment Strategist and supervised more than $2 billion in client assets.

Mission Bancorp Surpasses $2 Billion In Assets As Second-Quarter Earnings Rise 162%

By Amit Chowdhry ● Jul 22, 2026

Mission Bancorp reported second-quarter 2026 net income available to common shareholders of $8.2 million, or $2.73 per diluted share. This compared with $3.1 million, or $1.05 per diluted share, during the same quarter last year and $7.7 million, or $2.58 per diluted share, in the first quarter of 2026.

Littlejohn Promotes Brian Michaud To Managing Partner As Michael Klein Becomes Chairman

By Amit Chowdhry ● Jul 22, 2026

Littlejohn has promoted Brian Michaud to Managing Partner as part of a planned transition in the private investment firm’s senior leadership. Michaud will oversee the firm alongside Managing Partners Antonio Miranda and Steven Raich and Chief Operating Officer Shant Mardirossian.

Avidian Wealth Solutions Acquires Ridgeback Capital Management

By Amit Chowdhry ● Jul 22, 2026

Avidian Wealth Solutions has acquired Ridgeback Capital Management, expanding the independent wealth management firm’s presence in the Houston area. Financial terms of the transaction were not disclosed.

Envestnet Launches Wealth Trading To Unify Portfolio Management And Trade Execution

By Amit Chowdhry ● Jul 22, 2026

Envestnet has launched Wealth Trading, a redesigned platform that unifies portfolio management, trade creation, order review, execution and auditing within a single workflow.

Cresset Adds $1.1 Billion Advisory Team To New York And Los Angeles Offices

By Amit Chowdhry ● Jul 21, 2026

Cresset has hired wealth advisors Chris Tiano and Nick Smith as Managing Directors. The executives previously served as Directors at Lazard Wealth, where they oversaw approximately $1.1 billion in assets under advisement.

Fidelity Expands Institutional SMA Lineup With Eight New Strategies

By Amit Chowdhry ● Jul 21, 2026

Fidelity Investments has expanded its institutional separately managed account lineup with six custom strategies and two model offerings for registered investment advisors and broker-dealers. The new products combine Fidelity’s active management and quantitative research capabilities with portfolio personalization and tax-management features.

Orion Surpasses $6.6 Trillion In Assets Under Administration And Expands Denali AI Ecosystem

By Amit Chowdhry ● Jul 21, 2026

Orion has surpassed $6.6 trillion in assets under administration, representing a 29% increase from the $5 trillion milestone it reached one year ago. The wealth technology company also supports more than 8.6 million technology accounts.

RBC Wealth Management Adds $1.6 Billion Firm KPM Wealth Advisory Group

By Amit Chowdhry ● Jul 20, 2026

RBC Wealth Management has added the KPM Wealth Advisory Group to its Dallas office. The team manages approximately $1.6 billion in assets.

Carson Group Launches Equity Program For Advisors And Team Members

By Amit Chowdhry ● Jul 20, 2026

Carson Group has launched an equity program that gives high-growth W-2 advisors and selected team members a path to ownership in the wealth management firm. The initiative is intended to reward employees who contribute to Carson’s growth, client relationships and long-term business development.