Steward Partners Global Advisory, a Washington, D.C.-based hybrid managing $9.8 billion, has signed on as the first client of a new business at Goldman Sachs providing clearing, custody and other support services to registered investment advisers.
Steward will onboard assets it acquired through its recent acquisition of Umpqua Investments, with the move starting later this year, the firm said in a release.
Steward Partners recently created a broker-dealer offering multi-custodial relationships, saying those would provide advisers with greater choice and enhance the firm's ability to attract advisers.
Daejon Love and Taylor Chan's $1.3 million romance fraud scheme exposes how AI search engines can be manipulated by fabricated online identities
“It was a third party scam,” said the attorney representing the claimants.
Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.
Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.
Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.
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
