A team managing $400 million and led by Ahmie Baum at UBS in Pittsburgh, Pa., has formed Interchange Capital Partners, a registered investment advisory.
The firm will custody assets at BNY Mellon Pershing and will use the Dynasty Financial Partners network for a variety of services.
Joining Baum at the firm are his son, Brian, who joined his father at UBS in 2012; adviser Kendra Kasznel Reilly; Christopher M. Duerr, who is in charge of investments; Evan Fitzpatrick, in charge of planning; and two associates.
The firm specializes in business consulting services for its family office clients.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
