Merrill loses $450 million breakaway team

Merrill loses $450 million breakaway team
Wealth adviser Craig Robson left to form Regent Peak Wealth Advisors.
MAY 07, 2019
Craig Robson, an Atlanta-based adviser managing $450 million in client assets has left Merrill Lynch to create the independent firm Regent Peak Wealth Advisors. Mr. Robson had been with Merrill Lynch since 1994. Joining Mr. Robson at his new firm is a four-person support team, which includes Kevin Manning, Nathan Hoyt, Carmen Laster and Emily Raymond. (More:See more adviser moves in InvestmentNews' Adviser on the Move database.) Regent Peak Wealth Advisors has affiliated with Dynasty Financial Partners, which provides wealth management services for independent advisers. It's using Charles Schwab for custody services and Black Diamond for consolidated asset and performance reporting. The firm plans to expand via "strategic acquisitions with like-minded advisers," according to a news release.

Latest News

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities 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.

Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership
Vestmark, BlackRock, iCapital, and Dynasty forge four-way private market partnership

The collaboration will give RIAs yet another access point into the alternatives space through a new unified managed account capability.

DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback
DeVoe: Record-breaking RIA M&A run led by private equity's consolidator comeback

A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.

Trump ‘Crypto Week’ advances as house conservatives end blockade
Trump ‘Crypto Week’ advances as house conservatives end blockade

Hardliners give way to pressure to approve consideration of bills.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.