Asset Management

Raymond James Brings In $225 Million Texas And $435 Million Massachusetts Teams

By Amit Chowdhry ● Jun 4, 2024

Raymond James has welcomed new teams from Texas and Massachusetts.

Borgman Capital: Alternative Investment Platform Pass The Hat Launches

By Amit Chowdhry ● Jun 3, 2024

Private investment firm Borgman Capital announced the launch of Pass the Hat, which is an online platform that provides accredited U.S. investors with access to alternative investment opportunities sponsored by the firm.

Realta Wealth: John Barragan Named As Chief Operating Officer

By Amit Chowdhry ● Jun 3, 2024

Realta Wealth, an exclusive independent wealth management firm, announced the appointment of John Barragan as Chief Operating Officer (COO). Reporting to CEO Kevin Keefe, Barragan will provide strategic direction and oversight for all operating, service, and technology elements of the firm's offerings for financial advisors and their clients.

Waverly Brings In $310 Million Derbend Asset Management Team

By Amit Chowdhry ● Jun 3, 2024

Waverly Advisors, a federally registered investment adviser (RIA) that specializes in investment management, financial planning and wealth management solutions for a diverse group of high-net-worth individuals, corporate retirement plans and institutional clients, acquired Derbend Asset Management (an investment advisory business based out of Peachtree City, Georgia).

Riata Capital Group: RCG Equity Fund II Closed At $285 Million

By Amit Chowdhry ● Jun 3, 2024

Riata Capital Group (RCG), a private equity firm focused on control investments in the lower middle market, announced it has successfully closed RCG Equity Fund II, LP (RCG II) with commitments of $285 million. This fund exceeded the firm’s hard cap.

LPL Financial Brings In $705 Million Advisory Team

By Amit Chowdhry ● Jun 3, 2024

LPL Financial announced that financial advisors Alain Verhille, CFP, CPFA, and James S. Wood have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, for launching Auctus Legacy Private Wealth Management. These advisors reported serving approximately $705 million in advisory, brokerage, and retirement plan assets and joined LPL from Merrill Lynch.

Paceline Equity Partners: $780 Million Closed For Opportunity Fund II

By Amit Chowdhry ● Jun 3, 2024

Dallas-based private equity manager Paceline Equity Partners announced the final closing of Paceline Equity Partners Opportunity Fund II with total commitments of $780 million, significantly exceeding the fund’s $500 million target and representing a 125% increase over the size of its predecessor fund. So far, Paceline has raised nearly $1.5 billion in equity commitments between Funds I and II, and affiliated co-investment vehicles.

Star Mountain Capital Adds Bryan Johnson As Managing Director Based In Los Angeles

By Amit Chowdhry ● Jun 2, 2024

Star Mountain Capital, a specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors, announced that Bryan Johnson has joined as a Managing Director based in Star Mountain’s Los Angeles office, one of its team’s 20+ locations nationwide.

Caprock Hires Former NFL WR Bennie Fowler III As New Director of Strategic Development

By Amit Chowdhry ● May 30, 2024

Caprock, a top multi-family office Registered Investment Advisor (RIA) serving ultra-high-net-worth clients, announced Bennie Fowler III's appointment as Director of Strategic Development.

Principal: New Private Infrastructure Debt Capability Launched

By Amit Chowdhry ● May 29, 2024

Principal Asset Management recently announced the launch of its new private infrastructure debt capability and the hiring of Mansi Patel as senior managing director and head of infrastructure debt to lead its launch and implementation. This new capability adds to the firm’s expertise in public-listed infrastructure, real estate debt, and alternative credit.

LPL Financial: $225 Million Cornerstone Financial Advisers Team Joins

By Amit Chowdhry ● May 29, 2024

LPL Financial announced that financial advisors Lance Dumas, AIF, ChFC, and Darryl Carter, CPA, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported serving approximately $225 million in advisory, brokerage, and retirement plan assets and joined LPL from Cetera.

Orion Appoints Ron Pruitt As President Of Wealth Management Arm

By Amit Chowdhry ● May 29, 2024

Orion, a premier provider of transformative wealth-tech solutions for fiduciary advisors, appointed Ron Pruitt as the President of Orion Wealth Management. The role became effective on May 20.

Robertson Stephens Strengthening Presence In Colorado With Addition Of Three Points Financial

By Amit Chowdhry ● May 28, 2024

Robertson Stephens Wealth Management further strengthened its presence in Colorado by welcoming Three Points Financial (an SEC-registered investment advisor managing about $118 million in advisory assets). Mary Alpers (founder of Three Points Financial) joins Robertson Stephens as Managing Director & Principal, and her office will become the new Robertson Stephens’ Colorado Springs office. And Mary’s team will also include her colleague of 17 years, Michelle Williamson.

Raymond James Brings In $435 Million Advisor Team

By Amit Chowdhry ● May 24, 2024

Kelly Anderson, the Northeast regional director for the firm's employee advisor channel Raymond James & Associates (RJA), announced that they have recently welcomed financial advisors Vincent "Vinny" Zaccardi, CRPCTM, CPWA, Nicholas "Nick" Zaccardi, CPWA, CPFA and Gerard Mattaliano, CFP to RJA.

Summit Financial: $370 Million Team Joins And Launches Kyros Private Wealth

By Amit Chowdhry ● May 24, 2024

Summit Financial Holdings, a leading architect of advisor success and client satisfaction for over four decades, announced the launch of Kyros Private Wealth. Based in Naples, Florida, this newly formed independent practice is led by founding partner and private wealth advisor William E. Clegg IV, CFP, CIMA. Formerly affiliated with UBS as The Clegg Group, Kyros represents the sixth firm this year to join Summit Growth Partners (SGP), a partnership that combines cash monetization with equity participation and exclusive partnership privileges.

LPL Brings In $4.6 Billion Pilot Financial Team

By Amit Chowdhry ● May 24, 2024

LPL Financial announced that Pilot Financial, a network of 105 advisors nationwide, has joined LPL Financial’s broker-dealer, RIA and custodial platforms. And the advisors reported serving approximately $4.6 billion in advisory and brokerage assets and join LPL from Lincoln Financial.

Raymond James Reveals Leadership Changes

By Amit Chowdhry ● May 24, 2024

Raymond James Financial announced several executive leadership changes effectuated by the firm’s March CEO and leadership succession announcement. These changes will be effective October 1, 2024.

Bluespring Wealth Partners Acquiring $750 Million KDI Team

By Amit Chowdhry ● May 21, 2024

Bluespring Wealth Partners (a leading acquirer of independent RIAs and hybrid wealth management firms) announced their acquisition of leading Scottsdale, AZ-based wealth management firm KDI Wealth Management.