Scott Shagrin, Ira Ravitz and Lisa Weiner, who managed $1 billion assets under management at Merrill Lynch, have formed Beverly Hills Private Wealth, a registered investment adviser, and selected Goldman Sachs Advisor Solutions as their custodian.
The team’s four associates made the move with them. Shagrin and Ravitz have worked together since 1998 when Ravitz joined Smith Barney, where Shagrin had been a representative for 15 years. They moved to Merrill Lynch in 2006, where they were joined by Weiner in 2013.
Based in Beverly Hills, California, the new firm provides successful individuals and multi-generational families with tailored planning, investment management, tax planning, and risk management, Beverly Hills Private Wealth said in a press release.
Meanwhile, Raymond James snags Edward Jones advisor in Arizona.
New Morgan Stanley research shows retirement planning is a key area where advice is required.
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors,
The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
