Focus Financial Partners has agreed to buy Wechter Feldman Wealth Management, a Parsippany, New Jersey-based registered investment adviser managing $350 million, and Siena Capital Management, which manages $219 million through offices in Grand Ledge and Williamston, Michigan.
Terms of the acquisition were not disclosed.
Wechter Feldman will join Focus member firm GYL Financial Synergies, based in West Hartford, Connecticut. Siena Investments will join firm Buckingham Strategic Wealth, which is based in St. Louis.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
