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.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
