The practice driven by a CIBC Private Wealth veteran with over three decades of experience has made its debut in Chicago's high-net-worth market.
The money manager is looking to get a foothold in the private debt or infrastructure space in a race for a share in the rapidly growing alternative asset space.
The deal is the second major announcement for the firm in the last week.
The firm's trading index shows activity remains muted by historic standards.
Fifty-two percent of investors have only ever had a relationship with one advisor, a survey from Dynasty Financial Partners found. "Clients are the advisor's employer," one advisor said.
The national RIA managing $6.5 billion is bolstering its appeal to advisors and clients with an additional foothold in the Midwest.
“That does not seem like a winning brand positioning to me,” one executive said.
With 25 years of experience, the Pegula-backed RIA's HNW hire arrives after managing more than $450 million personally at his previous firm.
The firm's latest executive hire comes with nearly three decades of experience, including stints at OneDigital and Fidelity.
If given the power to change a single industry issue, addressing the expiring Tax Cuts and Jobs Act of 2017 is what wealth managers said they would do, along with fixing regulatory burdens. Meanwhile, tariffs are a worry for some.
With its latest partners in Maine and Texas, the fee-only RIA and financial planning firm has officially completed seven acquisitions for the year.
The fintech behemoth's latest tie-ups bolster its footprint in the managed accounts and 401(k) spaces.
The New York-based firm billing itself as a "long-term partner for successful RIAs" has snapped up the $2.8 billion boutique firm in San Francisco.
The firm's new leadership appointment comes with 30 years of experience, including tenures at Citi, BofA, and Wells Fargo.
Joint venture brings together $72B wealth manager with global asset manager.
Firm settles charges relating to SEC Marketing Rule compliance.
Advisors argue that there are other means to drive growth than requesting referrals.
The partnership, which extends to CRM leaders Practifi, XLR8, and Salentica will give advisors a smoother path toward managing their clients' held-away cash assets.
The BD giant's latest eight-advisor recruitment burst gives it additional footholds in Ohio and Florida.
The price tag for the 40 to 50 financial advisors is up to $35 million.
