Brighton Jones' Kaycee LeCong breaks down why domicile changes are harder than most clients expect — and why the real planning work has to begin well before 2028.
Meanwhile, Merrill extended its reach in Florida with the addition of a veteran reporting $645 million in client assets from UBS.
Oil prices remain more than 40% above pre-war levels and ship traffic through the Strait of Hormuz has barely recovered, as the US-Iran ceasefire frays amid competing claims over its terms.
With more than $8 billion trapped across the industry and rivals capping withdrawals, the firm is now moving to capitalize on easing competition among lenders.
Paul Bodnar takes the helm at CM Wealth after a decade-long succession plan, while Perigon brings on its first chief people officer as the firm scales past $11 billion in client assets.
In the most aggressive cases, the bank's new revenue targets would effectively double some bankers' required output from a year ago — which some insiders say is simply out of reach.
If robots are taking jobs, the argument goes, they should pay into the system those jobs used to support — and CEO Sam Altman is now making that case to Washington.
Lexington Wealth Management becomes the second external acquisition for HTSW, pushing the mega-RIA's W-2 advisory platform past $29 billion in assets.
The move gives advisors a more unified view of household assets, bringing 401(k) and other workplace retirement plan data into the portfolio design and trading picture.
No PII has reportedly been breached, but advisors and wealth tech execs say it should raise tough questions about data security and AI vendor risk management.
