Five advisers who managed more than $2 billion at J.P. Morgan Private Bank in Denver have joined Cresset Asset Management, a registered investment advisory firm whose Chicago-based parent manages more than $15 billion.
The advisers are Kevin McGuire and Jake Schwinn, who both had worked at J.P. Morgan since 2009, Dan Biondi, who had worked at J.P. Morgan since 2015, Vanessa Ramich and Sarah Burney.
[More: Cresset acquires Texas RIA]
The finance professor and quant investing veteran believes with the right guardrails, artificial intelligence could be trusted to meet the high bar of fiduciary advice.
UBS has also regained some ground as it recruited an experienced Merrill advisor in New York.
The ex-Bay Area broker reportedly continued to peddle fake bond investments, promising rates of returns exceeding 20%, even after FINRA suspended his license in 2014.
Predictive analytics, artificial intelligence, and cybersecurity are now high on compliance officers' lists as off-channel communications are relegated down the rankings.
Latest deal further expands the RIA acquirer’s footprint in Texas.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
