Asset Management

Carson Group Acquires $236 Million Firm Pinnacle Wealth Management

By Amit Chowdhry ● Today at 10:58 AM

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 ● Today at 12:08 AM

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 ● Yesterday at 4:01 PM

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 ● Yesterday at 3:28 PM

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 ● Yesterday at 3:25 PM

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 ● Yesterday at 2:54 PM

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 ● Yesterday at 8:00 AM

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.