Raymond James is also welcoming a $480M Brooklyn team from Wells Fargo's independent network, while JPMorgan adds a $400M Goldman Sachs advisor in New York.
The combined platform unifies Avantax Planning Partners and The Retirement Planning Group, giving over 100 employee advisors access to in-house specialists across tax, estate planning, and insurance.
Beata Kirr brings 17 years at Bernstein Private Wealth Management and an earlier Goldman Sachs pedigree to her new post overseeing investment strategy for Northern Trust's billion-dollar family office clients.
Stifel CEO Ron Kruszewski says AI can boost advisor productivity and prompt more ideas around tax and estate planning, but “when you move to judgment, which is what our advisors do, it just really isn't that good."
“[AI] has already been helpful in our industry,” said Raymond James CEO Paul Shoukry, but acknowledged the limitations of the technology when it comes to advisor/client relationships.
Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
Firms expand reach by recruiting advisors managing nearly $1B in client assets.
Higgins will support the development of the asset management company’s active ETF platform.
Meanwhile, Fair Oaks Wealth Management moves $140 million to Ameriprise from Edward Jones, and Prime Capital Financial adds a Fort Worth planning specialist.
“The right environment can elevate the impact I'm able to have on my clients,” said financial advisor Thomas K. Sutter.
Rising dominance of passive investing is pushing growth companies into private markets and reshaping the future of public equities.
Firm hires senior VP to drive digital roadmap, boost efficiency, and scale advisor tools.
Firm’s recruiting win offset by rival poaching experienced advisors and client assets.
Mariner Advisor Network was targeted to recruit and hire independent advisors.
Reverence Capital Partners bought Advisor Group in 2019 and then rebranded it Osaic four years later,
Bill Williams, who has run the independent contractor channel since 2008, will also take over the employee advisor business, recruiting and institutional partnerships.
Firms continue talent push with experienced advisors and multigenerational teams.
As Michael Jordan's 23XI Racing drives Robinhood-sponsored cars to the top of the NASCAR standings, fans can also use Robinhood's app to wager on race outcomes and other sporting events.
Meanwhile, Wells Fargo's FiNet welcomes a $300 million pair from Private Advisor Group, and Raymond James reels in another veteran advisor from Commonwealth.
InvestmentNews reported in February that Kestra was beefing up its group of recruiters.
