Steward Partners Global Advisory, a Washington, D.C.-based hybrid managing $9.8 billion, has signed on as the first client of a new business at Goldman Sachs providing clearing, custody and other support services to registered investment advisers.
Steward will onboard assets it acquired through its recent acquisition of Umpqua Investments, with the move starting later this year, the firm said in a release.
Steward Partners recently created a broker-dealer offering multi-custodial relationships, saying those would provide advisers with greater choice and enhance the firm's ability to attract advisers.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
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.
