Archives

Sequoia Financial Group Buying Wealth Management Arm Of Eide Bailly

By Amit Chowdhry ● Sep 8, 2024

Sequoia Financial Group (an SEC-registered wealth manager with over $19.3 billion in assets under management as of June 30, 2024) and Eide Bailly LLP (a top 20 national accounting firm) announced a strategic partnership, with Sequoia Financial acquiring Eide Bailly's wealth management practice and firms collaborating to deliver expanded services to each other's clients.

RBC: Global Infrastructure Fund LP Raises Over $850 Million

By Amit Chowdhry ● Sep 8, 2024

RBC Global Asset Management (RBC GAM) announced the completion of the second subscription for the RBC Global Infrastructure Fund LP, raising over $850 million in commitments from over 2,100 Canadian individual and institutional investors. And the second subscription followed the fund's successful initial launch in May 2023, bringing the total subscriptions to over $1.5 billion since its inception last year.

Raymond James Adds $140 Million Advisor

By Amit Chowdhry ● Sep 8, 2024

Alex David, the Northeast division director for Raymond James Financial Services (RJFS), announced that the firm has welcomed financial advisor Teresa Zipf, CFP to the team.

LPL Financial Brings In $150 Million Advisor Kelly Compton

By Amit Chowdhry ● Sep 8, 2024

LPL Financial announced that financial advisor Kelly Compton has joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligning with existing firm Client Centric Wealth Management (part of Upstream Investment Partners). And he reported having served about $150 million in advisory and retirement plan assets and joins LPL after owning his RIA, WCM Wealth Management, which custodied with Schwab Advisor Services.

MassRobotics: Startups Pass $1 Billion In Funding And Second Accelerator Revealed

By Amit Chowdhry ● Sep 8, 2024

Independent robotics hub MassRobotics announced that its resident startups have raised over $1 billion in VC funding since opening its doors in 2017. This achievement emphasizes the vital role MassRobotics plays in accelerating robotics innovation, commercialization, and adoption of advanced technologies. The one billion dollar total represents funding from nearly 300 institutional investors.

Oyster: Global Employment Company Raises $59 Million (Series D)

By Amit Chowdhry ● Sep 8, 2024

Oyster, a global employment solution for employing, paying, and caring for distributed teams, announced it raised $59 million in Series D funding. Silver Lake Waterman led the round, which included existing investors Emergence Capital, Stripes, Georgian, G2 Venture Partners, and Endeavor Catalyst.

Korion Health: Social Impact Company Wins $1 Million Hult Prize

By Amit Chowdhry ● Sep 7, 2024

The Hult Prize Foundation recently held its Global Final and named the social impact startup Korion Health from the University of Pittsburgh the annual $1 million Hult Prize winner. Korion Health has been developing a home health monitoring kit that enables patients to better understand their own healthcare, working in conjunction with its hardware design partner, Hellbender, a Pennsylvania Social Benefit Corporation. The company's flagship product is an electronic stethoscope that teaches users how to collect their own heart and lung sounds.

ABANZA: Advanced Soft Tissue Repair Company Raises $5 Million (Pre-Series A)

By Amit Chowdhry ● Sep 7, 2024

ABANZA, a company in advanced soft tissue repair solutions, announced the completion of its Pre-Series A funding round, raising $5 million. This funding round was led by a family office specializing in medical device investments, along with private investors. These funds will be used for accelerating the U.S. launch of ABANZA's innovative Soft Tissue Fixation product line, including the WasherCap and WasherCap Mini.

Americana Partners: Javier Altimari Named As Founder And Managing Partner Of International Division

By Amit Chowdhry ● Sep 7, 2024

Americana Partners—a $7.5 billion Texas wealth advisor—announced it has welcomed Javier Altimari as Founder and Managing Partner of its international division, Americana Partners International (API). Altimari will be based in Houston and will join the API Board along with Jorge Suárez-Vélez, founder and CEO. Previously, Altimari was a Senior Director and Portfolio Manager at Oppenheimer.

Enventure: An Interview With Ankit Shrivastava About This Space, Sustainability, And Healthcare-Focused Firm

By Amit Chowdhry ● Sep 7, 2024

Enventure is an investment firm at the forefront of innovation, inclusivity, and global impact. Pulse 2.0 interviewed Enventure founder and managing partner Ankit Shrivastava to learn more about the firm.

Sanctuary Wealth Adds $400 Million TOVA Team

By Amit Chowdhry ● Sep 7, 2024

Sanctuary Wealth announced it has welcomed TOVA Wealth, a Wilmington, North Carolina, practice with over $400 million in client assets. The firm is led by its founder and Managing Partner Katie Medina, CFP, CRPC. And also on the team are advisors Michael Tunney and Eric Starkey, CFP, CRPC, and client associate Amy Kepler.

Bedrock Security: Interview With Co-Founder & CTO Pranava Adduri About This Frictionless Data Security Company

By Amit Chowdhry ● Sep 7, 2024

Bedrock Security is a frictionless data security company transforming data security in the cloud and GenAI era with its leading data security platform, powered by the industry’s only AI Reasoning Engine (AIR). Pulse 2.0 interviewed Bedrock Security’s co-founder and CTO Pranava Adduri to learn more about the company.

Butlr: MIT Media Lab Physical AI Spinout Company Raises $35 Milllion (Series B)

By Amit Chowdhry ● Sep 7, 2024

Physical AI (PAI) startup company Butlr announced $38 million in Series B funding to meet the increasing demand for its sensors and anonymous data, which can be used in any building to understand better how humans interact in a space. So far, the company has raised $68 million from investors, including Foundry, Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.

Gibson Dunn: Private Equity Partner Will Summers Joins London Office

By Amit Chowdhry ● Sep 7, 2024

Gibson Dunn announced that Will Summers has joined the firm’s London office as a partner in its Private Equity Practice Group. The group will also be joined in London by of counsel, Michael Skouras.

Cobre: Corporate Treasury And Payments Platform Raises $35 Million (Series B)

By Amit Chowdhry ● Sep 7, 2024

Cobre, a Colombia-based treasury platform powering top Latin American CFO offices since 2020, announced that it secured $35 million in Series B funding led by Oak HC/FT. And existing investors Kaszek, QED and Canary also participated in the round.