Asset Management

HB Wealth Launches Dedicated Institutional Advisory And OCIO Practice And Hires Two Senior Advisors

By Amit Chowdhry ● Jul 15, 2026

HB Wealth, an Atlanta-based independent fee-only registered investment adviser managing more than $32 billion in assets, has launched a dedicated Institutional Advisory and Outsourced Chief Investment Officer (OCIO) practice. The new business segment formalizes and expands the firm's longstanding service relationships with nonprofit organizations, foundations, endowments, and corporate clients into a purpose-built advisory offering with dedicated personnel and infrastructure.

Wealth Enhancement Acquires WealthShield Partners And Madison Oaks Wealth Partners With Over $993 Million in Client Assets

By Amit Chowdhry ● Jul 15, 2026

Wealth Enhancement, a national independent wealth management firm, announced it has acquired the investment advisory business of Raleigh-area WealthShield Partners, led by Managing Partner Robert Leggett, and its affiliated wealth management practice, Madison Oaks Wealth Partners, led by Managing Partner Scott Lord and partners Kenny Bollinger, Stuart Gay, and John Maher. Madison Oaks Wealth Partners operated as a DBA of WealthShield Partners. Together, the organizations managed more than $993 million in client assets and have joined Wealth Enhancement as the Emerald Team and Madison Oaks Team.

IFG’s Expanded Recruiting Platform Sees Momentum With New Advisor Offices Representing Over $1 Billion in Assets

By Amit Chowdhry ● Jul 15, 2026

Independent Financial Group (IFG), a privately held independent wealth management provider supporting more than 600 financial professionals across more than 400 locations nationwide, announced that its strategic investment in expanding its national recruiting and transition platform is delivering results, with the addition of multiple established advisor offices representing over $1 billion in total client assets.

Cresset Names Dheeraj Soni As Chief Technology Officer

By Amit Chowdhry ● Jul 15, 2026

Cresset has named Dheeraj Soni as its Chief Technology Officer, placing the financial services technology veteran in charge of the wealth management firm’s technology organization, infrastructure, trading platform, and cybersecurity strategy.

LPL Welcomes $2.4 Billion Firm HighWater Wealth To Quotient Advisor Partners Platform

By Amit Chowdhry ● Jul 14, 2026

HighWater Wealth, a San Diego-based wealth management team serving high-net-worth individuals and families with approximately $2.4 billion in advisory assets, has joined LPL Financial's broker-dealer and registered investment adviser platform, aligning with Quotient Advisor Partners, an existing firm supporting LPL-affiliated advisors. The team moves from U.S. Bank and consists of Kristian Forster, Mike Rookus, Falko Hörnicke, Tim Davidson and Brian Rissman.

Caprock Acquires $4 Billion Firm Venturi Private Wealth To Expand Ultra-High-Net-Worth Family Office Platform In Texas And Oklahoma

By Amit Chowdhry ● Jul 14, 2026

Caprock, a Boise, Idaho–based multi-family office registered investment adviser serving ultra-high-net-worth clients, has announced the acquisition of Venturi Private Wealth, an Austin-based independent wealth management firm with approximately $4 billion in assets under management. The transaction brings approximately 30 employees to Caprock, including 10 advisors, and expands the firm's footprint in Austin and Oklahoma City, where Venturi has an established presence. Terms were not disclosed.

Baird Adds John McAuley And Mary Weeks Fountain To Charlotte Wealth Management Office

By Amit Chowdhry ● Jul 14, 2026

Baird announced that John McAuley and Mary Weeks Fountain have joined the firm’s wealth management office in Charlotte, North Carolina.

Raymond James Welcomes b1BANK Wealth Program With $335 Million In Client Assets

By Amit Chowdhry ● Jul 14, 2026

Raymond James announced that b1BANK has selected its Financial Institutions Division to support the bank’s investment program, b1 Wealth Solutions Group.

Family Office Partners Expands Into Houston With Addition Of Patrick Keller And Andrew C. Keller

By Amit Chowdhry ● Jul 13, 2026

Family Office Partners announced that Patrick Keller and Andrew C. Keller have joined the firm to lead its expansion into Houston. The addition expands Family Office Partners’ presence in a strategically important market and reflects continued momentum behind its integrated advisory model for families with complex wealth.

Activest Wealth Management Launches Family Office Governance Program For Multigenerational Families

By Amit Chowdhry ● Jul 13, 2026

Activest Wealth Management announced the launch of its Family Office Governance Program, a new offering designed to help multigenerational families strengthen communication, improve decision-making, prepare future generations for leadership, and support long-term family cohesion.

Impax Asset Management Appoints Andrew Morris As Co-Head Of Private Equity Infrastructure

By Amit Chowdhry ● Jul 12, 2026

Impax Asset Management announced the appointment of Andrew Morris as Co-Head of Private Equity Infrastructure. Morris brings more than two decades of infrastructure investing experience across infrastructure, private equity, and real assets. He joins Impax’s Management Committee and will work closely alongside Daniel von Preyss, Co-Head of Private Equity Infrastructure.

RISR Partners With OnePoint BFG Wealth Partners to Expand Business Owner Planning Capabilities

By Amit Chowdhry ● Jul 12, 2026

RISR has entered into a partnership with OnePoint BFG Wealth Partners to provide the wealth advisory firm with specialized technology designed to help financial advisors better serve entrepreneurs and privately held business owners.

Janney Expands Radnor Office With Four Advisors Managing Over $630 Million

By Amit Chowdhry ● Jul 12, 2026

Janney Montgomery Scott announced the expansion of its Radnor, Pennsylvania office with the addition of four financial advisors who collectively manage more than $630 million in client assets.

Cetera Welcomes Edward Duffy And Lexington Financial Team With $608 Million In AUA

By Amit Chowdhry ● Jul 12, 2026

Cetera announced that financial advisor Edward J. Duffy and his Lexington Financial team have joined the firm. The Braintree, Massachusetts-based team oversees approximately $608 million in assets under administration.

Potomac Financial Group Partners With Concurrent To Launch Independent RIA

By Amit Chowdhry ● Jul 12, 2026

Concurrent Investment Advisors announced a partnership with Potomac Financial Group, supporting the Maryland-based practice’s transition to independence. Potomac brings seven advisors and more than $750 million in client assets to Concurrent’s platform.

Carson Group Acquires $236 Million Firm Pinnacle Wealth Management

By Amit Chowdhry ● Jul 10, 2026

Carson Group has acquired Pinnacle Wealth Management, a California-based advisory firm led by Managing Partners and Wealth Advisors Jack Zboralske, AIF, and Kenyon Lederer, CFP, ChFC, CFS. Under the deal, the Pinnacle team will operate as Carson Wealth and join Carson’s Roseville, California office, bringing approximately $236 million in advisory and brokerage assets.

Ballast Rock Asset Management Names Michael Welch Head Of Investor Relations And Capital Formation

By Amit Chowdhry ● Jul 10, 2026

Ballast Rock Asset Management has appointed Michael G. Welch, CFA, as Head of Investor Relations and Capital Formation, a newly created role focused on expanding the firm’s capital base and investor relationships. Welch will lead outreach across accredited individual investors, RIAs, family offices, and institutional investors as Ballast Rock scales its real estate, venture capital, and private credit platforms.

Envestnet And Vanguard Expand Partnership To Deliver Tax-Efficient Investment Solutions For Financial Advisors

By Amit Chowdhry ● Jul 9, 2026

Envestnet announced an expanded strategic relationship with Vanguard to provide financial advisors with scalable, tax-efficient investment solutions by combining Vanguard's Advisor's Alpha® framework and model portfolios with Envestnet's Adaptive WealthTech platform.

Aspire Wealth Advisory: Former Citi Executive Edward Karan Launches Firm With Over $100 Million In AUM

By Amit Chowdhry ● Jul 9, 2026

Aspire Wealth Advisory Group, a newly launched registered investment adviser (RIA), has officially debuted with more than $100 million in assets under management (AUM), targeting high-net-worth individuals and families seeking institutional-quality wealth management delivered through a boutique advisory model.

Prairie Wealth Advisors Names Mike Finnegan As Chief Investment Officer

By Amit Chowdhry ● Jul 9, 2026

Prairie Wealth Advisors announced it has appointed Mike Finnegan, CFA, as chief investment officer (CIO), adding more than three decades of investment leadership experience as the registered investment advisor continues to expand its investment platform. Based in Omaha, Finnegan will help shape the firm’s investment philosophy, oversee portfolio strategy, and enhance manager research and due diligence.

Goldman Sachs Wins $70 Billion In Retirement Asset Management Mandates From Verizon And Lockheed Martin

By Amit Chowdhry ● Jul 9, 2026

Goldman Sachs announced it has secured $70 billion in retirement asset management mandates from Verizon Communications and Lockheed Martin, strengthening its position in the growing outsourced chief investment officer (OCIO) market, according to CNBC.

E1 Capital: Interview With Chief Investment Officer Victor Baev About The Diversified U.S. Mortgage Opportunities Strategy

By Amit Chowdhry ● Jul 9, 2026

E1 Capital is a diversified U.S. mortgage opportunities strategy from Dundon Advisers, the New York-based credit investment and advisory firm founded in 2016. The strategy's Chief Investment Officer, Victor Baev, has spent more than two decades investing across nearly every part of the U.S. mortgage market, including buy-side years at Pine River Capital Management and Two Harbors Investment Corp. that carried him through cycles from the post-crisis recovery to COVID. Baev describes Dundon E1 as the natural next chapter of that career, pairing the playbook he refined over that span with Dundon's ten-year track record in credit. Pulse 2.0 interviewed Dundon E1 Capital Chief Investment Officer Victor Baev to learn more.