Leadership

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).

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.

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.

Reibus Raises $30 Million And Names Jared Rowe As CEO

By Amit Chowdhry ● May 31, 2024

Reibus, a leading independent metals marketplace, announced the appointment of Jared Rowe as its new Chief Executive Officer (CEO) and Chairman of the Board. The company also revealed $30 million in new round of funding.

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.

Latham & Watkins Reveals Key Hires For New York And D.C. Practices

By Amit Chowdhry ● May 27, 2024

Latham & Watkins LLP recently revealed some key hires for its practices in New York and Washington D.C. Douglas Heitner joined the firm’s New York office as a partner in the Real Estate Practice. Jennifer Bragg and William (Bill) McConagha joined the firm’s Healthcare & Life Sciences Practice in the Washington, D.C. office.

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.