Asset Management

CoreTrust Marks 20 Years With $7 Billion In Annual Aggregated Spend

By Amit Chowdhry ● Sep 29, 2026

CoreTrust is marking its 20th anniversary with a procurement platform that now manages approximately $7 billion in annual aggregated spend for more than 4,000 members, supported by more than 400 private equity partners, 80 supplier partners, and 125 pre-negotiated contracts.

Investor Pointe Appoints Juan Manrique As Chief Innovation Officer As Agentic AI Expands In Private Markets

By Amit Chowdhry ● Sep 29, 2026

Investor Pointe has appointed Juan Manrique as Chief Innovation Officer, adding a technology entrepreneur with more than 20 years of experience across technology, data, product, and marketing as the private markets technology provider expands its use of agentic AI.

Waverly Advisors Acquires $1.7 Billion Firm Heartwood Wealth Advisors

By Amit Chowdhry ● Sep 29, 2026

Waverly Advisors has acquired Heartwood Wealth Advisors, a Richmond, Virginia-based wealth management firm with approximately $1.7 billion in assets under management, expanding Waverly's presence in Virginia and adding a team focused on high-net-worth individuals, families, and business owners.

Kestra Financial Onboards $550 Million Firm Ecclesiastes Wealth Partners

By Amit Chowdhry ● Sep 29, 2026

Kestra Financial has added Ecclesiastes Wealth Partners, a Richardson, Texas-based wealth management firm overseeing approximately $550 million in client assets, to its community of independent financial advisors.

UBS Hires John Pham And Jimmy Yip As Financial Advisors In Silicon Valley

By Amit Chowdhry ● Sep 28, 2026

UBS has hired financial advisors John Pham and Jimmy Yip for its Palo Alto and San Jose offices in California, expanding the firm's wealth management presence in Silicon Valley.

Raymond James Hires Dan Connolly To Lead Technology & Services Investment Banking

By Amit Chowdhry ● Sep 28, 2026

Raymond James has hired Dan Connolly as Senior Managing Director and Head of Technology & Services Investment Banking, adding a veteran dealmaker with nearly three decades of investment banking experience to lead the firm's technology advisory platform.

BRG Adds Roger Park And Chris Harris As Managing Directors To Expand Financial Institution Advisory Practice

By Amit Chowdhry ● Sep 28, 2026

Berkeley Research Group has appointed Roger Park and Chris Harris as Managing Directors in its Financial Institution Advisory practice, expanding the firm's operations and technology transformation capabilities for banks and other financial services companies.

Janney Adds $125+ Million Advisor Todd Phelan As Team Reaches $1.5 Billion

By Amit Chowdhry ● Sep 27, 2026

Janney Montgomery Scott has recruited Todd Phelan, a financial advisor overseeing more than $125 million in client assets, to its Willett Phelan Myers Rodts Wealth Management Group. His arrival expands the group into a 10-person team overseeing more than $1.5 billion in assets.

Composition Wealth Appoints Gabrielle Glemann As General Counsel And CCO And Joe Salcido As Head Of Advisors

By Amit Chowdhry ● Sep 27, 2026

Composition Wealth has expanded its executive leadership team with the appointments of Gabrielle Glemann as General Counsel and Chief Compliance Officer and Joe Salcido as Head of Advisors.

Baird Recruits Christy Gatien As Director And Financial Advisor In Bellevue

By Amit Chowdhry ● Sep 27, 2026

Baird has appointed Christy Gatien, CFP, as Director and Financial Advisor in its Bellevue, Washington, wealth management office. Gatien joins from D.A. Davidson, where she managed more than $300 million in client assets, and brings nearly three decades of experience in financial services.

Cerity Partners Adds Contant-Leit And Wacht Groups, Bringing In $1.4 Billion In Assets

By Amit Chowdhry ● Sep 27, 2026

Cerity Partners has announced plans to merge with the Contant-Leit and Wacht Groups of Shufro Rose & Co., two New York City-based wealth advisory practices managing approximately $1.4 billion in assets.

EP Wealth Appoints John McConnell CFO And Promotes Erin Voisin To Chief Client Solutions Officer As AUM Exceeds $50.4 Billion

By Amit Chowdhry ● Sep 26, 2026

EP Wealth Advisors has expanded its executive leadership team with the appointment of John McConnell as Chief Financial Officer and the promotion of Erin Voisin to Chief Client Solutions Officer. The appointments are part of a broader series of leadership, technology, and governance investments as the Torrance, California-based wealth management firm continues its national expansion.

Modern Wealth Acquires $290 Million Firm AWA As Assets Approach $16 Billion In AUM

By Amit Chowdhry ● Sep 25, 2026

Modern Wealth Management has acquired AWA Wealth Management, an Auburn, California-based registered investment advisory firm overseeing approximately $290 million in client assets. The acquisition expands Modern Wealth's presence in California and gives AWA additional resources for client services, advisor development, and long-term succession planning.

Corient Acquires $2.6 Billion Firm FortCay Family Office Advisory, Expanding Into Cayman Islands

By Amit Chowdhry ● Sep 25, 2026

Corient, a global wealth management and multi-family office firm, has acquired FortCay Family Advisory, a Cayman Islands-based wealth manager serving 14 ultra-high-net-worth families with approximately $2.6 billion in client assets. The transaction establishes Corient's presence in the Cayman Islands and expands its ability to provide wealth management and family office services to clients with complex international financial requirements.

LPL Financial Adds Two Utah Wealth Firms With $1 Billion In Combined Assets

By Amit Chowdhry ● Sep 25, 2026

LPL Financial has added the financial advisors of Cornerstone Advisors and Clear Pointe Wealth Management, two Salt Lake City-area wealth management practices that collectively reported serving approximately $1 billion in assets. The teams joined LPL from Northwestern Mutual and are now affiliated with LPL Financial's broker-dealer, registered investment advisor, and custodial platforms. LPL Welcomes Cornerstone Adviso…

Bernstein Launches Nonprofit Financial Health Assessment Tool Backed By Research Across 800,000 Tax Filings

By Amit Chowdhry ● Sep 25, 2026

Bernstein Private Wealth Management, a business unit of AllianceBernstein, has introduced its Nonprofit Financial Health Assessment, a digital tool designed to help nonprofit organizations evaluate their financial condition, identify potential risks, and communicate their financial sustainability to boards and donors.

VersaBank Expands U.S. Structured Receivable Program Into Small Business Lending And Targets $3 Billion In Additional Funding

By Amit Chowdhry ● Sep 25, 2026

VersaBank, a London, Ontario-based digital bank, has expanded its Structured Receivable Program (SRP) in the United States to finance point-of-sale loans and leases for small businesses. The expansion introduces the bank's established small business funding capabilities to the U.S. market, where its SRP activities had previously focused exclusively on consumer lending.

Raymond James Expands AWS Partnership To Accelerate AI-Powered Financial Advisor Insights

By Amit Chowdhry ● Sep 24, 2026

Raymond James Financial has expanded its collaboration with Amazon Web Services (AWS) to strengthen its enterprise data and analytics infrastructure and accelerate the development of AI-powered tools for financial advisors. The initiative builds on more than a decade of investment in the firm's data capabilities and supports its broader technology strategy, which includes approximately $1.1 billion in annual technology spending.

Maridea Wealth Management Expands Into Ohio With River Cities Financial Services And DFW Insurance, Bringing Platform To $2 Billion In Assets

By Amit Chowdhry ● Sep 24, 2026

Maridea Wealth Management, a Brooklyn, New York-based registered investment advisor managing approximately $2 billion in assets, has announced that River Cities Financial Services and Dietz, Futrell & Walters Insurance (DFW Insurance) have joined its national platform.

LPL Financial Onboards Jon Burnett, Dan Fowler, And Chad Carlile With $430 Million In Assets

By Amit Chowdhry ● Sep 24, 2026

LPL Financial has expanded its independent advisor network with the addition of Jon Burnett, Dan Fowler, and Chad Carlile, three Texas-based financial advisors who collectively serve approximately $430 million in advisory, brokerage, and retirement plan assets. The advisors join LPL from Raymond James and will operate through the company's broker-dealer, registered investment adviser, and custodial platforms.

CAPTRUST Onboards Compass And LIWM, Bringing In $1.2 Billion In Assets

By Amit Chowdhry ● Sep 23, 2026

CAPTRUST Financial Advisors has expanded its New York presence with the addition of Compass Advisors and Long Island Wealth Management, two affiliated advisory firms based in Melville, New York. The firms bring seven professionals and approximately $1.2 billion in combined assets to CAPTRUST, strengthening its presence in the Long Island wealth management and institutional advisory markets.