Private Advisor Group, a Morristown, New Jersey-based hybrid and office of supervisory jurisdiction managing $29 billion, has introduced a multicustodial investment management platform for its more than 750 advisers.
The platform, known as WealthSuite, uses technology from Orion Advisor Solutions to handle account opening, management and servicing. It was designed to free up adviser time, Frank Smith, the president of Private Advisor Group, said in a release.
The platform offers bespoke mutual fund, exchange-traded fund, and blended mutual fund/ETF model portfolios, along with custom indexing and tax-optimized solutions delivered through separately managed accounts. BlackRock, Fidelity Institutional Wealth Advisor, Orion Advisor Solutions and WisdomTree are the platform’s investment strategists.
Salespeople at the firm often went beyond the matching algorithm to recommend network advisors on its Zoe Wealth platform, according to the regulator.
The Protect College Sports Act would cap school payments and codify NIL rights, with implications for advisors guiding young athletes.
"I know the number that I want to be able to retire on, and now I just want out," says Wilmington Trust's Marguerite Weese, describing a common refrain among business-owner clients.
Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.
765 investors were promised 260% annual returns on truck leases
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
