Archives

DLA Piper: Andrew Dyson Named As Country Managing Partner For The UK

By Amit Chowdhry ● Nov 29, 2024

Global law firm DLA Piper announced that Andrew Dyson has been appointed as Country Managing Partner (CMP) for the UK, effective December 1. Dyson succeeds Liam Cowell, who led the UK firm since January 2019.

Raymond James Brings In $190 Million Advisors In Vancouver, Washington

By Amit Chowdhry ● Nov 29, 2024

Raymond James Financial Services (RJFS) Western division director Bill Counsman announced that the firm has welcomed financial advisors Brian Harmon and David Brown to the firm’s independent advisor channel.

CAPTRUST Acquires $5 Billion Boston-Based RIA

By Amit Chowdhry ● Nov 29, 2024

CAPTRUST Financial Advisors recently announced the addition of Boston Financial Management (BFM). This firm adds nearly $5 billion of client assets, an additional location in Boston, and two new locations in Cape Cod, Massachusetts, and Portland, Maine.

Flipturn: EV Fleet Management Company Raises $11 Million (Series A)

By Amit Chowdhry ● Nov 29, 2024

Flipturn, an electric vehicle (EV) charger, and fleet management platform announced it had raised $11 million in a Series A round led by CRV with participation from Accel. Flipturn helps fleets manage chargers and their overall fleet operations. This funding round will enable the team to continue on its quest to expand into broader charging and energy management solutions.

Osaic Onboards $180 Million Nova Wealth Team

By Amit Chowdhry ● Nov 29, 2024

Osaic - one of the nation's largest wealth management platforms - announced the addition of Nova Wealth, an independent wealth manager based in Buffalo, N.Y., with $180 million in client assets under administration.

Constrafor: Construction Software Company Raises $264 Million (Equity & Credit Facility)

By Amit Chowdhry ● Nov 28, 2024

Constrafor, a software provider for the construction industry, today announced the closing of its $264 million Series A funding round. This funding, comprising an equity component of $14 million and a $250 million credit facility, has been led by NFX on the equity side, and Wafra and Crestline Investors on the credit side.

The Bob Woodruff Foundation: $4.7+ Million Invested For Supporting Veterans And Military Families

By Amit Chowdhry ● Nov 28, 2024

The Bob Woodruff Foundation announced an investment of over $4.7 million dedicated to ensuring that veterans, service members, and their families have stable and successful futures. This grant portfolio addresses key issues for veteran communities, including mental health, housing, legal services, education, employment, and social connections.

CalTier: Real Estate & Alternative Investment Company Raises Funding (Series B)

By Amit Chowdhry ● Nov 28, 2024

CalTier, a leader in real estate and alternative investment platform, announced the launching of its Series B round of funding, a significant milestone in its journey to democratize access to high-quality real estate investments.

Waverly Advisors Acquires $900 Million Ohio-Based Buckingham Team

By Amit Chowdhry ● Nov 28, 2024

Waverly Advisors - a federally registered investment adviser (RIA) that specializes in investment management, financial planning, and wealth management solutions for a group of high-net-worth individuals, corporate retirement plans, and institutional clients - announced it had acquired Buckingham Advisors, an investment advisory firm based in Dayton, Ohio.

Ecolectro: Green Hydrogen Electrolyzer Company Secures $10.5 Million (Series A)

By Amit Chowdhry ● Nov 28, 2024

Ecolectro, a leader in green hydrogen technology, announced the closing of its $10.5 million Series A funding round, led by Toyota Ventures with participation from Starshot Capital, DNX Ventures, Energy Revolution Ventures, New Climate Ventures, Banco Popular Impact Fund, and Techstars, and others.

Commonwealth Brings In $550 Million Client Assets Team Diversified Capital Management

By Amit Chowdhry ● Nov 28, 2024

Commonwealth Financial Network, a national RIA focused on providing financial advisors with holistic, integrated business solutions, announced that Syracuse, New York-based Diversified Capital Management (DCM) joined its network of independent financial advisors. The firm’s advisors include William Kriesel, CPA, CFP, PFS, Kevin Visconti, CFP, and George Nardone, ChFC, AIF. Previously with Cadaret Grant and its acquirer, LPL Financial, the DCM team reported advising on more than $550 million in client assets.

LPL Brings In $540 Million Advisors Ryan Kirby And Michael Alvarez

By Amit Chowdhry ● Nov 28, 2024

LPL Financial announced that financial advisors Ryan Kirby, CFP, and Michael Alvarez have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Seapoint Wealth Advisors (Seapoint). Kirby and Alvarez reported serving approximately $540 million in advisory, brokerage and retirement plan assets, and they join LPL from U.S. Bank.

SEI Selected By Front Street Capital Management For Custody And Advisor Technology

By Amit Chowdhry ● Nov 28, 2024

SEI announced that Front Street Capital Management has selected SEI for custody and technology solutions. The company embraces a tightly integrated and single infrastructure that offers an end-to-end experience across every aspect of an advisor's business, including a dedicated service and relationship management model.

Avantax Onboards Trust Matters Financial Founder Carolyn Bare

By Amit Chowdhry ● Nov 28, 2024

Avantax - a community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it welcomed independent financial advisor Carolyn Bare, founder of Trust Matters Financial (a wealth management firm that prioritizes working with small-business owners and clients who want legacy planning and wealth transfer advice).