Kingswood US is heading into year-end having recruited almost $1.4 billion and 28 advisors to support its national expansion efforts.
The firm, which supports almost 200 financial advisors under its Kingswood Wealth Advisors brand, is part of a network of independent wealth management firms that, along with its parent company Kingwood Group, represents more than $15 billion AUM.
The new advisors recruited in 2024 include a $1 billion firm, Nashville, Tennessee-based Eudaimonia Partners and Eudaimonia Advisors. The firm’s team of 18 experienced advisors joined Kingswood in September.
Eudaimonia’s founder and president, John Goodson helps lead national growth efforts while serving as president of his group within Kingswood.
“Our goal has always been to enhance the lives of everyone we touch, and our strategic partnership with Kingswood U.S. is a critical component of our continued success,” Goodson said at the time the deal was announced.
Kingswood has also welcomed a practice serving high-net-worth clients in Santa Barbara, California, focused on wealth management and financial advice, a retirement focused advisor in American Fork, Utah, and a retirement specialist serving families and business owners in Festus, Missouri.
“At Kingswood, our primary goal is to equip financial advisors with the resources they need to provide exceptional client service,” said Michael Nessim, CEO, president and managing partner of New York City headquartered Kingswood US. “I am delighted to warmly welcome these outstanding professionals to our ever-growing network, as they embrace the future of wealth management with a firm that truly understands their ambition and commitment to achieving excellent results.”
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
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.
