Three advisory firms, LeoGroup, the Capital Company and BFT Financial Group, have merged to form Leo Wealth, managing $4.3 billion and providing wealth and asset management along with international tax and estate planning.
The new firm combines the wealth management and fund services units of the LeoGroup, which together oversee $647 million from the firm's headquarters in Iselin, New Jersey; the Capital Group, which is based in Hong Kong; and BFT Financial Group, a hybrid managing $609 million in Hurst, Texas, which is outside of Dallas-Ft. Worth.
"The pandemic and other geopolitical risks have created new challenges for global citizens looking for wealth creation and protection across international borders,” said Jessica Cutrera, president of Leo Wealth in Hong Kong. “We understand their aspirations and can help clients capture these opportunities.”
Matthew Allain, formerly head of the LeoGroup, is chief executive of the new firm based in New York, and Stephen Tally, formerly of BFT Financial, will serve as chief operating officer based in Texas.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
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.
