Asset Management

Avenue Sports Fund: Over $1 Billion Closed For Investing In The Athletic Industry

By Amit Chowdhry ● Oct 1, 2025

Global asset management firm Avenue Capital Group has announced the successful final closing of the Avenue Sports Fund, which has garnered over $1 billion in capital commitments. This substantial amount reflects strong investor confidence in the potential of the sports industry.

HighVista Strategies: $425 Million Secured For Venture Capital Investors

By Amit Chowdhry ● Sep 25, 2025

HighVista Strategies, a specialized alternative asset manager owned by its employees, recently completed a unique secondary transaction. This deal was designed to offer existing investors in several mature venture capital funds the opportunity to access their capital. The transaction involved seven HighVista funds, collectively representing a net asset value exceeding $425 million.

Wellesley Asset Management Buys Halbert Wealth, Expanding into Texas

By Amit Chowdhry ● Sep 25, 2025

Wellesley Asset Management, a renowned independent SEC-registered Investment Advisor, is a leading firm in providing wealth management and investment management services. The firm has officially announced its recent acquisition of Halbert Wealth. Halbert Wealth is also an SEC-registered Investment Advisor, recognized for its strong focus on client relationships and its significant presence within its region.

TradePMR And Robinhood Launch Asset Match Program For RIAs

By Amit Chowdhry ● Sep 25, 2025

TradePMR, a provider of brokerage and custodial services specifically for independent registered investment advisors, and a subsidiary of Robinhood Markets, has recently unveiled an innovative new program. This initiative is designed to significantly enhance the ability of independent RIAs to not only attract new clients but also retain their existing ones effectively.

Edward Jones: Services Enhanced For High Net Worth Clients

By Amit Chowdhry ● Sep 24, 2025

Edward Jones recently announced plans to improve the experience for its high-net-worth clients through a series of strategic investments. These efforts are designed to provide a more tailored and comprehensive approach to wealth management, building upon the firm's established legacy while embracing modern financial strategies. A key part of this initiative involves the creation of specialized physical locations, which are exclusively dedicated to serving high-net-worth individuals.

Goldman Sachs: $750 Million Milestone For Small Businesses Program Support And Upcoming Summit

By Amit Chowdhry ● Sep 24, 2025

Goldman Sachs is preparing to host its third 10,000 Small Businesses Summit, scheduled for October 29-30, 2025, in Washington, D.C. This significant event marks a dual celebration: fifteen years since the inception of the Goldman Sachs 10,000 Small Businesses program and five years of the Goldman Sachs 10,000 Small Businesses Voices policy advocacy initiative. This upcoming summit is anticipated to be the largest gathering of small business owners in the United States, providing a platform to commemorate 15 years of impact and to strategically position these businesses for sustained growth and success in the years ahead.

Savvy Wealth: $3 Billion AUM Surpassed And Anshul Sharma Appointed As CIO

By Amit Chowdhry ● Sep 24, 2025

Savvy Wealth, a technology-driven platform focused on modernizing financial advice, has announced the appointment of Anshul Sharma as its new Chief Investment Officer. Sharma brings more than 25 years of experience in wealth management and investment strategy, having built and led multi-billion-dollar platforms at major financial institutions. He will be based in New York City and will work closely with Savvy’s leadership and advisory teams nationwide to help shape the future of investment management for high-net-worth clients.

Chilton Trust: Jennifer Lee Appointed As President And CEO

By Amit Chowdhry ● Sep 23, 2025

Chilton Trust, a respected independent wealth management firm and national trust bank, has announced that Jennifer Lee will become its new President and Chief Executive Officer starting October 6. She will report directly to Richard Lockwood Chilton, Jr., the firm’s Founder and Chairman. Jennifer Lee will succeed Peter Kim, who has been serving as Interim President. Kim will continue to play a key role at the firm by returning to his previous positions as General Counsel and Chief Compliance Officer.

Stifel: Venture Banking Team Expanded For Advancing Growth In Life Sciences Sectors

By Amit Chowdhry ● Sep 23, 2025

Stifel Financial has announced a significant expansion of its Venture Banking division, welcoming a group of seasoned professionals who previously held leadership roles at Silicon Valley Bank. This strategic move reflects Stifel’s deepening commitment to supporting companies and investors focused on innovation in the life sciences and healthcare sectors.

Uniting Wealth Partners Brings In $235 Million AUM Team

By Amit Chowdhry ● Sep 21, 2025

Uniting Wealth Partners (UWP), an Registered Investment Advisor (RIA) succession incubator supported by the Wealth Advisor Growth Network (WAGN), has announced an exciting development: Rick and Alecia Dougherty have officially joined the firm, bringing along their well-established practice based in Rochester, New York, which manages an impressive $235 million in assets under management (AUM).