New opportunities for wealth and alternative asset managers is the focus of Emigrant Partners, and the firm is aiming for new growth with the expansion of its headcount.
The specialist capital and strategic advice provider to RIAs has announced that Jason Ehrlich has joined as managing director and head of investments. He was most recently with $20 billion AUM private equity firm TowerBrook Capital Partners as a senior principal responsible for leading investments across the financial services industry.
His team will be further enhanced by former Emigrant Bank vice president Sam Grewal as vice president of Investments. The family-owned Emigrant Bank, New York City’s oldest savings bank, is the owner of Emigrant Partners.
Meanwhile, Mark Bruno joins as managing director and head of strategic advisory, and Sam Grewal joins as vice president of investments. He was previously the managing director of the Wealth Management Group at Informa, where he oversaw the group’s media, research, and events businesses.
The new hires will accelerate organic and inorganic growth for Emigrant Partners and its network of 20 wealth and asset management firms which have a collective AUM of $95 billion.
“As the wealth and asset management industries continue to grow and transform rapidly, it is critical that the knowledge, vision and perspectives among our team evolve and transform as well,” said Jenny Souza, president and CEO of Emigrant Partners. “Jason and Mark are true students of both industries and will play a critical role in shaping the future growth and success of Emigrant Partners, as well as our current and future partner Firms.”
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.