Focus Financial Partners has launched a multifamily office, Beryllus Capital, in a joint venture with Hinduja Group, a diversified Indian conglomerate.
Beryllus, which will have offices in London, Geneva and Singapore, was co-founded by Amit Kotha, former head of RBC Wealth Management’s enterprise strategic clients business in London.
Last year, Focus expanded its footprint to Australia with the acquisition of Melbourne-based Mediq Financial Services, a firm with a niche of serving members of the medical profession.
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.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
