Sister-brother duo managing $500 million at Northwestern Mutual goes RIA

Sister-brother duo managing $500 million at Northwestern Mutual goes RIA
High Note Wealth in Minnetonka, Minn., will custody at Schwab, use Dynasty platform.
NOV 21, 2019
Katherine Forrester Schneewind and her brother, Michael Forrester, who managed $500 million at Northwestern Mutual in the Minneapolis area, have formed High Note Wealth, an RIA firm based in Minnetonka, Minn. [More: See more adviser moves in InvestmentNews' Advisers on the Move database.] The firm will custody assets at Schwab and will use the technology platform of Dynasty Financial Partners. [Recommended video: Who are the 2019 InvestmentNews Women to Watch?] Ms. Schneewind, who serves as the firm's CEO, joined Northwestern Mutual in 1997. Mr. Forrester, who serves as the firm's chief investment officer, joined Northwestern Mutual in 2011.

Latest News

Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment
Fintech bytes: Envestnet reaffirms $1B RIA commitment with Tamarac tech investment

Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.

RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut
RIA moves: Maridea acquires multigenerational practice in Pennsylvania debut

Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.

Private equity eyes 401(k) plans, but fees remain a hurdle
Private equity eyes 401(k) plans, but fees remain a hurdle

Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.

IRS floats proposal ending tax breaks for schools that weigh race
IRS floats proposal ending tax breaks for schools that weigh race

Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.

Trust over tech: The hidden signal of stock success in the AI era
Trust over tech: The hidden signal of stock success in the AI era

Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

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