Veteran financial adviser Ash Chopra, whose Merrill Lynch team managed $4.5 billion in San Francisco, has left the firm and launched Syon Capital, a registered investment adviser, which will use the custodian services of Charles Schwab & Co.
Most of the 10 professionals joining Chopra in the move were team members at Merrill, Syon said in a press release Thursday. Chopra had been with Merrill for 18 years.
“Within a wirehouse, our ability to brand ourselves as a multi-family office, and serve our clients as fiduciaries, was restricted,” Chopra, chief executive officer of Syon, said in the release. “As an independent organization, our family office model will enable us to serve our clients free from the constraints of a broker/dealer model.”
AI-driven job fears are weighing on retirement confidence, especially among Gen Z and Millennials, Thrivent survey finds
It’s the second time in as many years regulators have penalized Centaurus Financial for lack of compliance with Reg BI.
AI Teammate is embedded within Wells Fargo’s Advisor Gateway desktop platform.
Elsewhere, Ameriprise added a $470 million Wells team in New York, while an ex-Morgan Stanley advisor bolsters UBS' Austin, Texas office.
Financial advisors play an essential role in helping small business owners navigate their transition out of the company — and into retirement.
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
