Nandi Gunning, who managed $430 million at Morgan Stanley, has joined The CMW Group, a trio of advisers at Merrill Private Wealth Management in San Francisco that manages $2.5 billion in client assets.
The CMW Group also has an office in Columbus, Ohio. Its other advisers are Anthony Canini, John Myers and Andrew Wages.
Gunning spent eight years with Morgan Stanley. Earlier, she was a principal consultant at a global consulting firm and a senior equity analyst for a single-family investment office in San Francisco. She started as an auditor at PriceWaterhouseCoopers.
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.
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.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
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.
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.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
