Three advisers who oversaw $350 million in client assets at Fieldpoint Private Advisors have joined New York-based Snowden Lane Partners.
Andrew Randak, Nicole Boutmy de Katzmann and Kristian Sedeño have formed The Mile Creek Global Group, based in Snowden Lane’s New York, Coral Gables, Florida, and New Haven, Connecticut, offices.
Randak has joined the firm as senior partner and managing director. He specializes in helping clients throughout Europe, North and South America manage wealth and handle complex, cross-border issues. Randak served as a managing director and senior adviser at Fieldpoint.
Boutmy de Katzmann and Sedeño both joined Snowden as managing director and partner.
Boutmy de Katzmann advises families in Europe, Latin America and the U.S. in multigenerational wealth planning, investments, philanthropy and gifting. He had served as a managing director and senior adviser at Fieldpoint Private.
Sedeño provides wealth management and private banking services to domestic and international families. Sedeño was vice president and associate adviser at Fieldpoint Private.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.