Three registered representatives who collectively advised on more than $200 million in assets at their former firms have joined Virginia Asset Group, a regional investment firm headquartered in Virginia Beach, Virginia.
Bruce McCook managed about $60 million at VCB Financial Group in Richmond, Virginia. Ed Pittman managed $120 million at VCB Financial Group in Northern Neck, Virginia and is now based in the Virginia Asset Group’s White Stone office. Tom Russell joined the firm from Merrill Lynch in Hunt Valley, Maryland.
The wirehouse-focused aggregator's rollout to more than 100 advisors lands as financial advisors race to add tax and estate planning tools.
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.
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
