Emigrant Partners, a subsidiary of New York Private Bank & Trust, made a minority investment in a registered investment adviser, Hollencrest Capital Management. Terms were not disclosed.
Hollencrest is based in Newport Beach, California, and manages approximately $1.7 billion of assets under management.
Emigrant and its affiliate, Fiduciary Network, have made investments in 17 firms with approximately $55 billion in both assets under advisement and assets under management.
Beyond content generation and execution, firms that can offer answers around governance, transparency, and supervision are set to pull ahead in the next leg of the AI race.
The experienced advisory teams join Ameriprise and Janney as the race for experienced talent continues.
Rising drug and outpatient costs are pushing plan members to demand more financial guidance and most insurers are falling short.
Additional investment and partnership will see joint development of wealth management, brokerage and digital asset platforms.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors.
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
