The U.S. division of Kingswood, a global network of independent wealth management firms managing more than $13 billion in client assets, has hired two industry veterans for leadership roles.
Edward Tsuker will serve as CEO and Ariel Imas as president of Kingswood Investments, a division of Kingswood Capital Partners, boosting its enhanced, full-service in-house investment banking and capital markets capabilities.
“Under Edward’s and Ariel’s experienced and steady leadership, Kingswood Investments will take advantage of opportunities to offer a new type of investment banking service to clients, while greatly adding to the overall growth of our organization,” Michael Nessim, CEO, president and managing partner of Kingswood U.S., said in a statement. “Higher growth allows us to invest more across Kingswood to position the firm for future growth.”
The firm’s high-producing team focuses on providing capital to midmarket businesses that are undergoing operational, financial or market-driven change to varying degrees. It comprises professionals who have an average of 20 years’ experience in investment banking with senior professionals having successfully led private equity firms.
They include a team led by Brian Herman in Boca Raton, Florida, and a SPAC advisory team in Austin,Texas. The team expansion amplifies Kingswood’s investment banking division in New York, Florida, and Texas.
While Kingwood Investments will be open to considering all industries where there is a strong opportunity, its team will focus on three key verticals: healthcare, technology and natural resources and energy.
“Having a capital markets division in-house gives our financial advisors a unique opportunity to access high-quality transactions to create value for their clients,” Nessim said. “The synergies are terrific. Banking creates products that retail advisors can offer their clients. These liquid offerings, sold by prospectus, may be more appropriate for certain clients than highly structured and often illiquid alternative investments. Aligning these solutions with our advisors and their clients is another reason we ensure our deals are well structured and positioned to perform in the long run.”
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.
