Asset Management

CI Global Asset Management Completes Acquisition Of C$27 Billion Invesco Canada Fund Business

By Amit Chowdhry ● Jun 2, 2026

CI Global Asset Management (CI GAM) and Invesco announced the completion of CI GAM’s acquisition of the management agreements relating to Invesco’s Canadian fund business, adding approximately C$27 billion in assets under management and significantly expanding CI GAM’s presence in the Canadian investment fund market.

Fried Frank Launches FundAssist AI Platform for Asset Management Practice

By Amit Chowdhry ● Jun 2, 2026

Fried Frank announced the launch of FundAssist, a proprietary AI-powered platform designed to enhance document search, drafting, and knowledge management capabilities across its asset management practice. The platform supports private fund formation, ongoing fund operations, and related transactions, reflecting the firm's broader strategy of integrating specialized artificial intelligence tools into legal services.

Corient Surpasses $500 Billion In Assets After Completing Two More Acquisitions

By Amit Chowdhry ● Jun 2, 2026

Corient announced the completion of its previously announced acquisitions of Stonehage Fleming and Stanhope Capital Group, a move that significantly expands the firm’s global footprint and positions it as the world’s largest non-bank wealth manager and multi-family office focused on ultra-high-net-worth and high-net-worth clients.

Revelation Partners Appoints Prashant Gangwal As Partner And Chief Financial Officer

By Amit Chowdhry ● Jun 2, 2026

Revelation Partners, the largest secondaries investment manager focused exclusively on private healthcare, announced the appointment of Prashant Gangwal as partner and chief financial officer. The addition of Gangwal strengthens the firm's leadership team as it continues to expand its position in the healthcare secondaries market.

Jump Partners With Equitable Advisors To Deploy AI-Powered Advisor Workflows

By Amit Chowdhry ● Jun 2, 2026

Jump announced a partnership with Equitable Advisors that makes Jump the firm's AI operating system, placing intelligent automation at the center of how advisors prepare for meetings, document client interactions, and manage follow-up activities at scale.

Zocks Forms AI Partnership With Hightower To Power Wealth Management Advisors

By Amit Chowdhry ● Jun 2, 2026

Zocks, a privacy-first AI assistant for financial services, announced an exclusive partnership with Hightower, a national wealth management firm, making Zocks the sole AI assistant offered to Hightower financial advisors.

Potomac Fund Management: $4.4 Billion AUM Milestone Drives Enhanced SDBA Retirement Solution Launch

By Amit Chowdhry ● Jun 1, 2026

Potomac Fund Management, a tactical asset manager focused on risk management solutions, announced that its client assets under management have surpassed $4.4 billion, representing growth of more than 3,000% since 2020. The company said the milestone reflects continued demand from financial advisors for its quantitative and disciplined approach to managing risk.

MAI Capital Acquires Service Academy Capital Management To Expand Texas Presence And Ultra-High-Net-Worth Offering

By Amit Chowdhry ● Jun 1, 2026

MAI Capital Management announced the acquisition of Service Academy Capital Management (SACMGT), a Dallas-based registered investment advisor serving ultra-high-net-worth individuals, families, institutions, and family offices. SACMGT will join MAI’s ultra-high-net-worth division, Evoke. Financial terms of the transaction were not disclosed.

Citadel Securities: $4.3 Billion Q1 Revenue Record Fueled By Market Volatility

By Amit Chowdhry ● Jun 1, 2026

Citadel Securities generated a record $4.3 billion in trading revenue during the first quarter of 2026, capitalizing on heightened market volatility that swept across global financial markets amid escalating geopolitical tensions involving Iran, according to a report by the Financial Times.

LPL Onboards $600 Million Firm Soundview Wealth Management

By Amit Chowdhry ● Jun 1, 2026

LPL Financial announced that financial advisors Michael Stevenson, David Johnson, and Nikko Gronhovd, CFP®, of Soundview Wealth Management, LLC have joined the firm's broker-dealer and Registered Investment Advisor platform. The team joins from D.A. Davidson and reported serving approximately $600 million in advisory, brokerage, and retirement plan assets.

Carson Group Welcomes $320 Million Advisory Firm Tungsten Wealth Management To Independent Advisor Channel

By Amit Chowdhry ● Jun 1, 2026

Carson Group announced that Tungsten Wealth Management has joined the firm's independent advisor channel, expanding Carson's network of partner firms and reinforcing its position as a leading wealth advisory platform. Carson Group manages more than $58 billion in assets under management and supports more than 165 partner offices nationwide.

Ceros Financial Services Appoints Cassel Shapiro As Head Of Capital Markets

By Amit Chowdhry ● Jun 1, 2026

Ceros Financial Services, a national full-service broker-dealer focused on disruptive technologies, announced the appointment of Cassel Shapiro, CFA, as Head of Capital Markets.

UBS’ Research Suggests Family Offices Are Pivoting Toward Diversification, AI, And Portfolio Resilience

By Amit Chowdhry ● May 31, 2026

UBS has released its Global Family Office Report 2026, revealing that family offices worldwide are increasingly prioritizing resilience, diversification, and long-term thematic investments as geopolitical tensions and economic uncertainty reshape investment strategies. The report surveyed 307 family offices across more than 30 markets, representing families with an average net worth of $2.7 billion and family offices managing an average of $1.3 billion in assets.

Dispatch Launches Advisor Transitions To Accelerate Advisor And Asset Migrations Between Firms

By Amit Chowdhry ● May 31, 2026

Dispatch announced the launch of Advisor Transitions, a new software solution designed to help wealth management firms move advisors, client accounts, and assets between firms more efficiently. The product becomes the fourth core workflow on the Dispatch platform, joining account opening, client onboarding, and real-time data synchronization.

LPL: $240 Million Firm Schott Financial Management Onboarded

By Amit Chowdhry ● May 31, 2026

LPL Financial announced that financial advisor Steve Schott, MBA, and his firm, Schott Financial Management, have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The firm reported serving approximately $240 million in advisory, brokerage and retirement plan assets and transitioned to LPL from Cambridge Investment.

Raymond James: $2.8 Billion Firm Financial Strategies Retirement Partners Joins

By Amit Chowdhry ● May 31, 2026

Raymond James announced that Financial Strategies Retirement Partners (FSRP), a Bedford, New Hampshire-based advisory firm overseeing $2.8 billion in client assets, has joined Raymond James Financial Services (RJFS), the firm’s independent advisor channel.

Future Standard Appoints Chris Keogh As Co-President And Head of Client Engagement And Capital Formation

By Amit Chowdhry ● May 31, 2026

Future Standard, a global alternative asset manager with more than $94 billion in assets under management, announced the appointment of Chris Keogh as Co-President and Head of Client Engagement and Capital Formation. Effective in the fall of 2026, Keogh will oversee the firm's global institutional and wealth distribution platform, working closely with investment leadership to expand client relationships and deliver the firm's full range of investment solutions across its global businesses.