Five advisers who managed more than $2 billion at J.P. Morgan Private Bank in Denver have joined Cresset Asset Management, a registered investment advisory firm whose Chicago-based parent manages more than $15 billion.
The advisers are Kevin McGuire and Jake Schwinn, who both had worked at J.P. Morgan since 2009, Dan Biondi, who had worked at J.P. Morgan since 2015, Vanessa Ramich and Sarah Burney.
[More: Cresset acquires Texas RIA]
Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
