Asset Management

Citi Reveals Major Leadership Transition As Mark Mason Steps Down As CFO And Gonzalo Luchetti Takes Over

By Amit Chowdhry ● Nov 20, 2025

Citi announced a significant leadership transition, with longtime Chief Financial Officer Mark Mason preparing to exit the role in early March 2026. Following a structured transition process, Gonzalo Luchetti, who has served as Head of U.S. Personal Banking since 2021, will become the next CFO. Mason will assume the role of Executive Vice Chair and Senior Executive Advisor to Chair and CEO Jane Fraser, supporting strategic initiatives and preparations for Citi’s upcoming Investor Day.

Private Advisor Group Announces New Minority Investment From LPL Financial

By Amit Chowdhry ● Nov 20, 2025

Private Advisor Group has secured a new minority investment from LPL Financial, marking a significant expansion of its ownership structure and reinforcing its position as one of the country’s prominent financial services firms. The deal, effective November 18, 2025, aligns the firm more closely with LPL Financial, one of the fastest-growing wealth management organizations in the United States. Merchant Investment Management, already a minority owner since 2021, remains alongside LPL and legacy shareholders, collectively supporting the firm’s long-term strategy.

J.P. Morgan Asset Management Closes $1 Billion Co-Investment Fund II To Expand Small And Middle Market Buyout Platform

By Amit Chowdhry ● Nov 20, 2025

J.P. Morgan Asset Management’s Private Equity Group has closed its second dedicated co-investment vehicle, PEG Co-Investment Fund II, at $1 billion, surpassing its original $750 million fundraising target. The close marks a significant expansion of the firm’s long-standing small- and middle-market buyout strategy, which remains a central focus of the Private Equity Group’s investment platform.

Carson Group Onboards $1.45 Billion Total Wealth Planning Team

By Amit Chowdhry ● Nov 19, 2025

Carson Group has expanded its national advisory footprint with its most significant acquisition of the year through a strategic partnership with Ohio-based Total Wealth Planning, a 19-person firm overseeing approximately $1.45 billion in assets under management. The Cincinnati area team will rebrand as Carson Wealth and become the company’s 34th wholly owned office.

Cresset Adds $1.8 Billion Advisory Team In Strategic Expansion Across Atlanta And Jackson Hole

By Amit Chowdhry ● Nov 19, 2025

Cresset has expanded its national footprint by adding a high-profile advisory group overseeing more than $1.8 billion in client assets. The incoming team, led by Jamie Gilbert, Jean Wright, and Max Ripans, joins the firm from Goldman Sachs and will strengthen Cresset’s Atlanta operations while launching a new presence in Jackson Hole, Wyoming.

Beacon Pointe Advisors Acquires $1.4 Billion RIA Hemington Wealth Management

By Amit Chowdhry ● Nov 19, 2025

Beacon Pointe Advisors has acquired Hemington Wealth Management, a $1.2 billion female-founded registered investment advisory firm with offices in Falls Church, Virginia, and Chicago, Illinois. The deal marks Beacon Pointe’s fifth acquisition of a female-led firm this year and its twelfth overall in 2025. With Hemington joining the organization, Beacon Pointe’s assets under advisement rise to approximately $55 billion, further strengthening its position as the largest female-led RIA in the United States.

Matter Family Office And IWP Family Office To Merge, Creating A $10 Billion Multi-Family Office Powerhouse

By Amit Chowdhry ● Nov 18, 2025

Two leading independent family offices, Matter Family Office and IWP Family Office, announced that they are merging to form a single integrated firm focused on ultra-high-net-worth (UHNW) multigenerational families. The move brings together more than 90 professionals across three locations: St. Louis, Denver, and Dallas-Fort Worth. It combines their assets under advisement at over $10 billion for more than 140 families nationwide.

Intellectus Partners Spins Out Intellebox.ai, Names AJ De Rosa CEO To Lead AI Platform For Advisory Firms

By Amit Chowdhry ● Nov 18, 2025

Intellectus Partners announced that it has appointed AJ De Rosa as Chief Executive Officer of Intellebox.ai, effective October 1, 2025, marking the transition of the platform from an internal innovation initiative to an independent company serving advisory and wealth management firms.

RFG Advisory: $340 Million Firm Cambium Wealth Partners Joins To Accelerate Growth And Scale Technology

By Amit Chowdhry ● Nov 18, 2025

Arizona-based advisory firm Cambium Wealth Partners has selected RFG Advisory to support its next generation of growth by leveraging RFG’s platform capabilities in technology, operations, and service delivery. The move continues RFG’s strong momentum in advisor recruitment, with the firm now exceeding $7 billion in assets under management.

CPP Investments Reports Net Assets Of $777.5 Billion As Second Quarter Fiscal 2026 Earnings Rise

By Amit Chowdhry ● Nov 17, 2025

The Canada Pension Plan Investment Board reported another intense period of performance, with net assets reaching $777.5 billion at the end of the second quarter of fiscal 2026. This represents a quarterly increase of $45.8 billion, compared to $731.7 billion in the previous quarter. The results were primarily driven by $39.8 billion in net income, supported by an additional $6 billion in net transfers from the Canada Pension Plan. The Fund also generated a 10-year annualized net return of 8.8% and recorded a quarterly net return of 5.4%.

Morgan Stanley Investment Management Launches New ELTIF To Expand Access To Global Private Markets

By Amit Chowdhry ● Nov 17, 2025

Morgan Stanley Investment Management has introduced the Morgan Stanley Private Markets ELTIF, a new vehicle designed to expand investor access to diversified private market opportunities across Europe, the United States, and Asia. The launch marks a significant expansion of the firm’s private markets offering, leveraging the capabilities of its Portfolio Solutions Group.

Lili Expands FDIC Insurance To $3 Million And Raises High-Yield Business Savings Rate To 4% APY

By Amit Chowdhry ● Nov 17, 2025

Lili, a New York-based SMB banking platform, has significantly expanded its financial protections and savings options for business customers by increasing its FDIC insurance coverage to $3 million through its partner bank, Sunrise Bank, while also introducing a new tiered high-yield structure that boosts the APY on higher balances to 4.00%. The upgraded insurance level represents a significant jump from its previous $250,000 offering and provides business owners with twelve times the national standard coverage.

PFG Selects United Planners As New Broker-Dealer In Strategic Move

By Amit Chowdhry ● Nov 16, 2025

PFG, a Phoenix-based wealth-management services firm overseeing nearly $5 billion in assets under administration, has selected United Planners Financial Services as its new broker-dealer, marking a significant shift as the firm transitions away from Osaic. The move affects more than 80 financial advisors and over 20 bank and credit union partners, reflecting approximately 90% retention of advisors, assets, and revenue.

71 West Capital Partners Launches As An Independent RIA

By Amit Chowdhry ● Nov 16, 2025

71 West Capital Partners has officially launched as a full-service registered investment advisor following the departure of longtime UBS Financial Services executives Denis Cleary and Greg Devine. The new firm, headquartered in Boston with a second office in Los Angeles, marks a significant move within the wealth management sector as the co-founders leverage independence to expand capabilities for ultra-high-net-worth clients across the United States.

S2G Investments: Grant Leslie Appointed As Operating Partner For Government And Policy

By Amit Chowdhry ● Nov 14, 2025

S2G Investments has named longtime policy strategist Grant Leslie as Operating Partner for Government and Policy in a move that strengthens the firm’s ability to support companies operating in some of the nation’s most regulation-intensive markets.

StepStone Private Wealth Solutions Launches New $750 Million Evergreen Private Equity Fund

By Amit Chowdhry ● Nov 14, 2025

StepStone Group has introduced its newest private markets investment vehicle with the launch of the StepStone Private Equity Strategies Fund. This evergreen interval fund has already attracted more than $750 million since its debut in September.

Levitt Capital Management: Interview With Founder & CIO Robert Levitt About Serving American Expats in Europe

By Amit Chowdhry ● Nov 14, 2025

Levitt Capital Management is a wealth management firm based in Nice, France, specializing in tailored financial solutions for Americans living in Europe. Pulse 2.0 interviewed founder and Chief Investment Officer Robert Levitt to learn more about how he leverages his extensive knowledge of the international landscape to provide personalized service that helps clients achieve their financial goals while ensuring compliance with both U.S. and local regulations.

Mercer Advisors Expands Southern California Presence With Acquisition Of Beach Freeman Lim And Cleland

By Amit Chowdhry ● Nov 14, 2025

Mercer Advisors has strengthened its tax capabilities and broadened its Southern California footprint with the acquisition of Beach Freeman Lim and Cleland, a well-established tax firm serving high-net-worth individuals, families, and business owners across the region. The transaction expands Mercer Advisors’ integrated family office platform as demand for sophisticated tax planning and advisory services continues to grow.

Franklin Templeton Expands Benji Technology Platform To Canton Network

By Amit Chowdhry ● Nov 12, 2025

The Canton Network announced that Franklin Templeton’s Benji Technology Platform has expanded onto the Canton Blockchain, providing institutional clients with direct access to tokenized investment products. The collaboration strengthens Canton’s position as a leading blockchain network for regulated digital financial markets while enhancing liquidity and interoperability across institutions.

Lido Partners With Fountainhead Advisors To Expand National Wealth Management Footprint

By Amit Chowdhry ● Nov 11, 2025

Lido Advisors, a national wealth advisory firm managing over $38 billion in regulatory assets under management (RAUM), has announced its partnership with Fountainhead Advisors, an independent wealth management firm based in Warren, New Jersey. Fountainhead Advisors manages over $1.2 billion in RAUM and specializes in delivering bespoke wealth planning and investment strategies for high-net-worth clients.

Corastone Launches New Platform With Leading Institutions To Streamline Private Market Investing

By Amit Chowdhry ● Nov 11, 2025

Corastone has announced the launch of its private market investing platform (now live), featuring Apollo, Morgan Stanley, and a leading transfer agent providing integrated services. Franklin Templeton and KKR will join the platform next. The platform is designed to simplify access to private markets by connecting general partners, wealth managers, and fund administrators on a single digital infrastructure.

Citizens Private Bank Expands In Los Angeles With New Market Team

By Amit Chowdhry ● Nov 11, 2025

Citizens announced an expansion of its Private Bank in Southern California through the addition of a Los Angeles-based team and plans to open new private banking offices serving the Beverly Hills and South Bay communities. This move advances the bank’s strategy to deliver high-touch, holistic banking capabilities in regions with strong demand for customized financial services.

Citrin Cooperman Establishes First Nashville Office Through Addition Of KBFM Team

By Amit Chowdhry ● Nov 11, 2025

Citrin Cooperman Advisors announced the joining of partners and employees from KBFM, a Nashville-based business management and tax firm. The transaction marks Citrin Cooperman’s entry into the Nashville market and establishes its first physical office in the city. The move pushes the firm’s local headcount above 20 and reflects a long-term commitment to the region’s expanding economic landscape.

ICG: David Scudellari Appointed As Senior Advisor To Strengthen Canadian Client Partnerships

By Amit Chowdhry ● Nov 11, 2025

ICG announced the appointment of David Scudellari as Senior Advisor for Canada, as the global alternative asset manager continues to expand its client coverage across North America. Scudellari will be based in New York and report to Alan Isenberg, Global Head of Client Solutions. He will work closely with the Canada Client Solutions team, including Sunil Vaswani and Lauren Korosec, to deepen engagement with Canadian institutional investors.