An independent wealth management firm headquartered in California is beginning a new chapter of its story, with a new name.
The $370 million Marshall Wealth Management Group is now called Novus Wealth Group, with the name reflecting the growth of the firm since it was founded by Brad Marshall. These days Marshall has three partners - Robert Claros, Don Elliott and Deanna Dominguez – and two offices, in Los Gatos and Pasadena.
Marshall says the new name – Novus means ‘new’ – is appropriate for the firm but also for its clients as they reach new milestones in their lives. The firm had outgrown its old name, he said.
“We were no longer a solo practitioner office with clients limited to Northern California. We now have two offices and serve clients in more than 20 states," Marshall said in a statement. "Our new brand platform reflects the future of our firm and the direction we are charting to help clients reach their financial goals in an evolving wealth management industry.”
Novus Wealth Group is affiliated with Cadaret Grant & Co. and offers comprehensive financial planning and wealth management services for clients and their families.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
