Two RIA firms have announced heavyweight additions to their leadership teams with industry veterans joining this week.
At CapWealth, Christopher Stevens becomes executive vice president and financial advisor having been with Bank of America Private Bank for the past 15 years, most recently as senior portfolio manager.
With a 20-year career in the industry, Stevens is the firm’s third senior hire in recent months including Dean Shahan, who joined as EVP and financial advisor from SageSpring Wealth Planners and Blake Harrison who joined as EVP of Wealth Management from LBMC.
“At CapWealth, we focus on working with high-net-worth and multi-generational families to navigate the complexities of wealth while delivering meaningful outcomes through trusted, long-term guidance,” says Tim Pagliara, founder and CIO of CapWealth. “As we’ve built out our team to support their growing needs, Chris’s background in managing legacy trust accounts and shaping investment strategy aligns with that mission and will further strengthen the depth of service we provide.”
Meanwhile, at World Investment Advisors, former Hightower Advisors executive director Bill Altman has joined as head of technology strategy.
With more than two decades of senior information technology leadership experience, Altman’s priorities include integrating next-generation tools into the advisor ecosystem, strengthening data-driven insights, and scaling the firm’s digital infrastructure to support long-term expansion.
“Technology has become central to the wealth management experience, shaping how advisors deliver personalized, exceptional services to their clients,” said Troy Hammond, CEO of World Investment Advisors. “Bill’s proven leadership and vision will ensure we continue to innovate, giving our advisors the capabilities they need to grow their practices while delivering lasting value to clients.”
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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
