Thomas Barr, who managed $220 million at Wells Fargo Advisors in New York, has formed Barr Wealth Management and affiliated with Steward Partners Global Advisory, a Washington-based hybrid in which affiliated advisers have an ownership stake.
Barr, who spent 14 years with Wells Fargo, started his career almost 40 years ago as a portfolio manager at Bankers Trust Co. He subsequently worked at Citibank Private Bank and Munn Bernhard & Associates Inc., before joining Wells Fargo in 2008.
Barr will operate from Steward Partners’ New York City office. Joining him in the move is firm partner and administrative manager Arline Strelzik.
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
