Wealthspire Advisors has welcomed an experienced industry professional to its growing headcount, with a former Bank of America Private Bank managing director and portfolio manager joining the team.
Michael J. Santo has decades of experience of supporting high-net-worth clients including individuals, families, and philanthropic organizations, in creating investment and wealth management strategies, and navigate asset allocation, retirement planning, tax minimization, and multigenerational challenges.
“I am excited to partner with a firm that shares my unwavering commitment to elevating the client experience,” said Mike Santo. “Wealthspire brings the perfect blend of a smaller and customized team-based fiduciary approach with a robust platform and wide range of experts to serve my clients well for decades. I look forward to a bright future together.”
Santo’s expertise and knowledge of the dual markets he focused on at BofA – New York and South Florida – will also be his beat for Wealthspire Advisors. He will be based at the firm’s Boca Raton office alongside managing director Frank Marzano.
“Mike Santo is an incredible addition to the Wealthspire team, bringing sophisticated expertise in wealth management and investment strategy,” said Mike LaMena, Wealthspire’s CEO. “We welcome his insights into how we can continue to evolve our services and offer more robust capabilities to meet our clients’ complex financial needs.”
The Northeast and Southeast markets are key growth targets for the firm and it has been building its talent base in these regions, although it continues to expand elsewhere too, recently announcing that it plan to acquire a $420 million all-female practice in Ohio.
Wealthspire’s New York office lead Zach Gering is an InvestmentNews Awards 2024 Excellence Awardee with winners announced next week in New York – you can still register to attend.
Counting advisor moves in and out of firms requires some art as well as science.
“I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space,” said Michael Belluomini, SVP of M&A at Carson Group.
As a tsunami of retirees comes crashing in, three-fifths of those surveyed believe – wrongly – that the federal safety net will cover their LTC needs.
Orion's latest update, a partnership with 11th.com, focuses on an underserved area of compliance for advisors and wealth firms.
The latest arrivals, including a 10-advisor ensemble from Ameriprise, bolster the firm's independent contractor and employee advisor channels.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
