Steward Partners adds two advisers, $212 million in assets

Steward Partners adds two advisers, $212 million in assets
Nick Fiegoli joins New York office; Dennis Reynolds in Paramus, N.J.
MAR 29, 2019
Advisers managing $212 million in assets have joined the hybrid firm Steward Partners Global Advisory. Nick Fiegoli, who oversaw $140 million in assets at UBS, joined Steward's office in New York. Dennis Reynolds, who oversaw $72 million in assets at Wells Fargo, has joined the firm's Paramus N.J., office. (More: See more adviser moves in InvestmentNews' Adviser on the Move database.) Steward, which has offices nationally, has its own registered investment adviser and provides brokerage services through an affiliation with Raymond James. Mr. Fiegoli began his career at Merrill Lynch in 1994 and moved to UBS in 2009. Mr. Reynolds began his securities career in 1986 at Ryan Beck and was with three other firms before joining Wells Fargo in 2009.

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