Asset Management

HSBC Asset Management Closes Second UK Direct Lending Strategy Above Target At $2 Billion

By Amit Chowdhry ● Jun 8, 2026

HSBC Asset Management has held a final close above target for its second UK direct lending vintage, raising $2 billion in commitments from institutional investors across the fund and associated mandates. The second fundraise is approximately twice the size of the first, supported by a combination of repeat and new commitments from a globally diverse institutional investor base across Europe, Asia, and North America, including from within the HSBC Group. The re-up rate among first-vintage investors exceeded 100%.

N10 Holdings Launches Into Independence With Dynasty Financial Partners Powering Two Affiliated Firms

By Amit Chowdhry ● Jun 7, 2026

N10 Holdings has announced its launch into independence, powered by Dynasty Financial Partners, with the simultaneous debut of two affiliated firms: N10° Wealth and N10° Assets. The Greenwich, Connecticut-based company is focused on serving high and ultra-high-net-worth clients including entrepreneurs, executives, closely held businesses, and other sophisticated professionals who require transparent, tax-efficient, and adaptable wealth and asset management solutions.

Citisoft Appoints Former Redwheel COO Nigel Hill As Managing Director And Senior Advisor For EMEA

By Amit Chowdhry ● Jun 7, 2026

Citisoft has announced the appointment of Nigel Hill as Managing Director and Strategic Advisor, strengthening its senior advisory offering for the investment management industry across Europe, the Middle East, and Africa. Hill brings a career spanning senior leadership roles at Redwheel, Credit Suisse, and Goldman Sachs Asset Management, giving him deep practitioner experience across the operational, technology, and client challenges facing buy-side firms today.

Burnham Park Capital Markets Launches As Chicago-Headquartered Full-Service Investment Bank

By Amit Chowdhry ● Jun 7, 2026

Burnham Park Capital Markets has announced its official launch as a vertically integrated, tech-enabled investment bank headquartered in Chicago, backed by FINRA member firm Kingswood Capital Partners LLC. The firm is consolidating more than five specialized financial services firms into a single, cohesive platform, providing clients with institutional-grade access to global trading, research, corporate access, and cross-border advisory services across the full capital markets spectrum.

Voya Investment Management Launches Multi-Manager Alternative CITs For Defined Contribution Retirement Plans

By Amit Chowdhry ● Jun 7, 2026

Voya Investment Management has announced the launch of two new multi-manager collective investment trusts designed for defined contribution retirement plans: V-ALT Multi-Manager Alternative Fixed Income and V-ALT Multi-Manager Alternative Equity. The CITs will initially be available through advisor managed accounts on Voya's Retirement platform, with Global Trust Company serving as Trustee. The launch brings together well-known alternative managers within a single CIT structure, helping reduce manager concentration risk and return dispersion while combining scale, investment expertise, and differentiated strategies largely unavailable in traditional public-only portfolios.

Soltis Investment Advisors Acquires Artifex Financial Group To Expand Midwest Presence

By Amit Chowdhry ● Jun 7, 2026

Soltis Investment Advisors, a registered investment adviser with approximately $14 billion in client assets, has announced the acquisition of Artifex Financial Group, a financial planning and wealth management firm based in Dayton, Ohio. The deal adds three Ohio offices and an additional servicing team to Soltis' growing national platform, strengthening its geographic footprint across the Midwest. Financial terms were not disclosed.

Cetera Welcomes $490 Million Tupelo Wealth Partners Team

By Amit Chowdhry ● Jun 7, 2026

Cetera Financial Group announced that financial advisors Les Benzak, John Gallagher, and Lynn Craig of Tupelo Wealth Partners have joined the firm's Summit Financial Networks community, bringing approximately $490 million in assets under administration (AUA). Based in Harleysville, Pennsylvania, the advisors have more than 75 years of combined industry experience and have worked together for over two decades.

Insigneo Completes VectorGlobal Integration And Expands Assets To $37 Billion

By Amit Chowdhry ● Jun 7, 2026

Insigneo, an international wealth management firm focused on serving clients across the Americas, announced that it has successfully completed the integration of client accounts from VectorGlobal Wealth Management Group (VectorGlobal WMG) and its Registered Investment Advisor affiliate, VectorGlobal IAG. The transaction, which was originally announced in 2025, further expands Insigneo’s platform, geographic reach, and wealth management capabilities across the region.

Cresset Appoints Mark Ostroff as Managing Director, Wealth Advisor

By Amit Chowdhry ● Jun 7, 2026

Cresset announced the appointment of Mark Ostroff as Managing Director, Wealth Advisor, strengthening the firm's presence in the New York market. Based in the firm's New York office, Ostroff will focus on serving ultra-high-net-worth individuals, family offices, entrepreneurs, and privately held business owners, while helping clients access integrated wealth management solutions and private market investment opportunities.

Harbourfront Wealth To Acquire Cumberland Private Wealth, Adding $5 Billion In Assets

By Amit Chowdhry ● Jun 7, 2026

Harbourfront Wealth Group announced that it has entered into an agreement to acquire Cumberland Partners Limited and its subsidiaries, marking the company’s fifth acquisition in the past three years and further expanding its footprint across Canada.

Capital Financial Partners Launches Partnership With Meridian Tax Advisory To Expand Integrated Planning Services

By Amit Chowdhry ● Jun 6, 2026

Capital Financial Partners, a private wealth management firm based in Baltimore, announced a partnership with Meridian Tax Advisory, a newly established tax planning and advisory practice designed to provide comprehensive tax services to clients and the broader community.

Waverly Advisors Acquires WealthPlans And Cooley & Associates

By Amit Chowdhry ● Jun 6, 2026

Waverly Advisors announced the acquisition of Frederick, Maryland-based WealthPlans, LLC and its affiliate, Cooley & Associates, P.C., strengthening the firm's presence in the Mid-Atlantic region and establishing its second location in Maryland.

Sanctuary Wealth Welcomes $477 Million Firm Valen Private Capital

By Amit Chowdhry ● Jun 5, 2026

Sanctuary Wealth announced that it has welcomed Valen Private Capital as its newest partner firm. Founded by former Merrill Lynch advisor John Durham, J.D., LL.M., the firm launches with approximately $477 million in assets under management and will focus on serving ultra high net worth families with complex financial, estate and multi generational planning needs.

Willow Wealth Appoints Tom Williams As Chief Investment Officer

By Amit Chowdhry ● Jun 5, 2026

Willow Wealth, a platform for retail private markets investing, announced the appointment of Tom Williams as Chief Investment Officer. In the role, Williams will oversee the company’s investment strategy and product development and will report directly to CEO Mitchell Caplan.

Carson Group Brings In $1.1 Billion Firm Jackson Wealth Management

By Amit Chowdhry ● Jun 5, 2026

Carson Group announced the acquisition of Jackson Wealth Management, a Lake Mary, Florida-based wealth management firm overseeing more than $1.1 billion in client assets. The move expands Carson’s presence in the Southeast and adds its 46th integrated office as the company continues to grow its national network of advisory firms.

Citigroup Redeems $3.15 Billion Of Notes Due 2027 As Part Of Liability Management Strategy

By Amit Chowdhry ● Jun 5, 2026

Citigroup announced the full redemption of approximately $3.15 billion of debt securities due in 2027, underscoring the financial services giant’s ongoing efforts to optimize its funding profile and capital structure.

Charles Schwab Expands Trading Platform With 24/7 Crypto Futures And Enhanced Investing Tools

By Amit Chowdhry ● Jun 5, 2026

Charles Schwab announced a new round of enhancements across its trading platforms, including Schwab.com, Schwab Mobile, and the thinkorswim platform suite. The updates include the firm's first 24/7 trading product, expanded cryptocurrency futures access, new portfolio management features, and broader fractional-share investing capabilities.

LPL: Scott Gilliam And Travis Blessing Launch Align Private Wealth With $2 Billion In Assets

By Amit Chowdhry ● Jun 4, 2026

LPL Financial announced that financial advisors Scott Gilliam and Travis Blessing have launched a new independent wealth management firm, Align Private Wealth, through affiliation with LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The team, which previously operated at PNC Private Bank, reported serving approximately $2 billion in advisory plan assets.

Cresset Onboards $1 Billion Wealth Advisor Ali Bathgate Hild

By Amit Chowdhry ● Jun 4, 2026

Cresset announced that Ali Bathgate Hild has joined the firm as a Managing Director in its Denver office, strengthening the firm’s capabilities in serving entrepreneurs, business owners, and ultra-high-net-worth families navigating liquidity events, wealth transitions, and multi-generational planning.

Franklin Templeton Launches YCLO, An Actively Managed Investment Grade CLO ETF

By Amit Chowdhry ● Jun 4, 2026

Franklin Templeton announced the launch of the Franklin BSP CLO ETF (YCLO), an actively managed exchange-traded fund designed to seek capital preservation and current income through investments primarily in investment-grade collateralized loan obligation (CLO) debt tranches across U.S. and European markets.

Robinhood And TradePMR Launch Advisor Network, AI Tools, And New Investment Access For RIAs

By Amit Chowdhry ● Jun 4, 2026

Robinhood and TradePMR announced a series of new products and services for registered investment advisers (RIAs) and their clients at the SYNERGY26 conference in Washington, D.C. The announcements include the launch of the Robinhood Advisor Network, the introduction of Robinhood Cortex for Advisors, expanded access to Robinhood Ventures and IPO opportunities, and new programs designed to support advisor growth.

Vanguard S&P 500 ETF VOO Becomes First To Surpass $1 Trillion In Assets

By Amit Chowdhry ● Jun 3, 2026

Vanguard’s S&P 500 ETF VOO has become the first exchange-traded fund to surpass $1 trillion in assets under management, marking a significant milestone for the ETF industry and highlighting the continued growth of passive investing.

Wellington Management: $1.9 Billion Acquisition Of Hartford Funds Expands Wealth Management Platform

By Amit Chowdhry ● Jun 3, 2026

Wellington Management announced that it has entered into a definitive agreement to acquire Hartford Funds from The Hartford in a transaction with an estimated net present value of $1.9 billion. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and will operate under the Wellington brand.

Modern Wealth Onboards $1.1 Billion Firm Flaharty Asset Management

By Amit Chowdhry ● Jun 3, 2026

Modern Wealth Management announced that it has entered into an asset purchase agreement to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets. The transaction strengthens Modern Wealth’s footprint in Florida and adds an 18-person team, including nine advisors, to the firm’s growing national platform.

Altruist Expands Investment Offering With Alternative Assets And Integrated Advisor Tools

By Amit Chowdhry ● Jun 3, 2026

Altruist, the technology-driven wealth management platform for independent financial advisors, announced a major expansion of its platform with the addition of alternative investments, margin lending, options capabilities, and enhanced money movement features. The new offerings are designed to help advisors provide sophisticated investment strategies and private market access to a broader range of clients through a single digital platform.

Perennial Financial Services Recruits $640 Million Advisor Mike Russell

By Amit Chowdhry ● Jun 2, 2026

Perennial Financial Services announced that Mike Russell, CFP, has joined the firm’s hybrid RIA platform from Edward Jones, where he oversaw approximately $640 million in advisory, brokerage, and retirement plan assets.

DayMark Wealth Partners Surpasses $6 Billion In Assets With $820 Million Morgan Stanley Team Addition

By Amit Chowdhry ● Jun 2, 2026

DayMark Wealth Partners announced that Rex Mack, CFP, Patrick Petsche, Vince Costanzo, and Anthony Costanzo have joined the firm from Morgan Stanley, bringing a team that previously advised on approximately $820 million in assets. Based in Pepper Pike, Ohio, the group specializes in multigenerational wealth management planning focused on family dynamics, legacy objectives, and long-term wealth preservation.

Bluespring Wealth Launches Dedicated Compliance Platform Through Bluespring RIA

By Amit Chowdhry ● Jun 2, 2026

Bluespring Wealth, a leading acquirer of independent registered investment advisers (RIAs) and hybrid wealth management firms, announced the launch of Bluespring Wealth Management, LLC, known as the Bluespring RIA. The initiative marks a significant expansion of the firm's growth platform by adding a dedicated suite of compliance capabilities to the legal, finance, and human resources support it already provides to partner firms.

Permira Appoints Technology Investor Mike Hoffmann As Partner

By Amit Chowdhry ● Jun 2, 2026

Permira, a global investment firm, announced the appointment of Mike Hoffmann as a Partner in its Technology team, based in Menlo Park, California. The appointment underscores Permira’s continued commitment to expanding its technology investing platform across software, data, cybersecurity, and AI-enabled enterprise platforms.

Wealthspire’s Ground Control Acquires Arena Wealth To Expand UK Presence And Professional Golf Services

By Amit Chowdhry ● Jun 2, 2026

Wealthspire, an independent wealth management, institutional advisory, and business management firm, announced that its Ground Control Business Management division has acquired Arena Wealth, a UK-based business management firm specializing in serving professional golfers.